One of the Best Social Security Summaries I've Seen in Awhile

[jtown1123]

If you're unfamiliar with Bruce Webb and Dale Coberly of the Angry Bear Blog, I suggest you check them out, especially when discussing Social Security. They know their stuff and have the best answers to the so called "crisis" in the system. Check out this really sound and simple summary of Social Security and why it works and is in great shape.

Eyes on the Prize: A Social Security summary
Angry Bear | Feb. 2, 2011, 5:30 AM | 34 |

by Dale Coberly

Eyes on the Prize
A Social Security summary.

We have had twenty years and a billion dollars spent by Pete Peterson and friends telling the people that Social Security is going broke and will create huge deficits that will kill the economy and be a crushing burden to the young. Peterson has funded an army of "non partisan experts" who tell the media what to say and what not to say about Social Security.

On the other side we have had Bruce Webb... who does all the hard work... showing that the reports of Social Security going broke are based on assumptions that seem unlikely. Moreover he has shown that each year since we have been treated to the "we must fix (cut) Social Security NOW" , "doing nothing now" has actually reduced the cost of any ultimate fix.

We have had professer Rosser show that even under the pessimistic assumptions Social Security with no changes at all will still be able to pay a benefit that is larger in real value than what retirees get today.


Read more: http://www.businessinsider.com/eyes-on-the-prize-a-social-security-summary-2011-2#ixzz1CoHrhwBH

[chimpymustgo]

1. Lest we forget: it's OUR money.

-edit-

Social Security is YOUR money. It doesn't cost "the government" a dime. Social Security is the ONLY way most workers have to save their own money, safe from inflation and market losses, so they can retire at a reasonable age. And the cost of keeping this insurance is so small no one would even notice it, if it wasn't for the Big Liars finding ways to make it seem like it was a huge number, or an "unfair" windfall to old people at the expense of the "young" who will never, of course, ever get old themselves.

-edit-

Read more: http://www.businessinsider.com/eyes-on-the-prize-a-social-security-summary-2011-2#ixzz1CoPzd3om

[jtown1123]

2. People don't forget. It's the Republicans and conservadems that do.

[MattBaggins]

3. It's because they want to steal that money.

The investment banks want a perceived crisis so they can gamble with our money. The Repubs want to instill fear so they can spend money now by stealing money from us down the road.

[jtown1123]

4. They don't want to pay back the trillions they "borrowed" from the SS Trust Fund.