U.S. Looting Social Security To Wage Wars

[Donnachaidh]

http://www.opednews.com/articles/U-S-Looting-Social-Securi-by-Sherwood-Ross-110409-543.html

"As long as the $1.2-trillion annual budget for the military-security complex is off limits (to cutting), nothing can be done about the US budget deficit except to renege on obligations to the elderly, confiscate private assets or print enough money to inflate away all debts," Paul Craig Roberts, former Assistant Treasury Secretary under President Reagan warns.

In an article titled "Stealing from Social Security to Pay for Wars and Bailouts," published in the April issue of the "Rock Creek Free Press" of Washington, D.C., Roberts says that Republicans are calling Social Security and Medicare "entitlements"---making them sound like welfare---when, in fact, workers over their lifetimes have contributed 15 percent of all their earnings to the payroll tax that funds these benefits and have every right to them.

And far from Social Security being in the red, between 1984 and 2009, Roberts writes, "the American people contributed $2-trillion...more to Social Security and Medicare in payroll taxes than was paid out in benefits" but "the government stole" that sum to fund wars and pork-barrel projects!

What's more, under one realistic estimate, far from crashing into the red, "Social Security(OASDI) will have produced surplus revenues of $31.6-trillion by 2085, Roberts says.

More at the link --

[xchrom]

1. recommend

[abelenkpe]

2. K&R

[malaise]

3. About time someone speaks the truth

I often wonder why Democrats don't stick to the basic fact

Roberts says that Republicans are calling Social Security and Medicare "entitlements"---making them sound like welfare---when, in fact, workers over their lifetimes have contributed 15 percent of all their earnings to the payroll tax that funds these benefits and have every right to them.

[spin]

4. So maybe we could save Social Security by just not fighting useless wars ...

all over the globe.

Sounds reasonable to me.

It might be a good start to not go to war with a nation unless it attacked us first.

Perhaps we should also give up on pushing our form of government down the throats of every nation we invade.

[msongs]

5. yeah but to do this you have to stand up for something & make your repub best friends unhappy nt

[glinda]

6. K & R n/t

[WinkyDink]

7. And yet, our Party goes along with the looting and harming.

[HCE SuiGeneris]

8. K & R

[nilram]

9. Emphasis: Under President REAGAN! Even the repukes own get it!

[leftstreet]

10. K&R

[Search4Justice]

11. K & R