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Wacky LTTE: Socialist Obama will "raid" Social Security

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mwb970 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-19-08 06:11 AM
Original message
Wacky LTTE: Socialist Obama will "raid" Social Security
Democrats would use up Social Security
(Columbus Dispatch, August 19, 2008)

How many Americans are now drawing Social Security checks but are worried about losing part or all of their earned money? How many Americans are nearing Social Security age and are afraid of having nothing for their retirement? How many Americans have been paying into Social Security for a while, but are nowhere near retirement age?

How many Americans are aware that for many years Congress has been taking the Social Security dollars from our employers and investing none into a Social Security account? How many Americans are aware that the only deposits into our accounts are IOUs, or promises of maybe securing our future? How many Americans remember the warnings from Congress that all should try to set aside money of our own into IRAs and 401K accounts?

Illinois Sen. Barack Obama, House Speaker Nancy Pelosi and the rest of the Democrats in power want to raid these accounts. All Americans need to open their eyes, ears and minds to what economic disasters a Democratic majority government (or socialist government) will fall upon us if this election brings the Democrats to power. Obama has been promising change, but all Americans need to be aware of what these changes are.

Do all Americans know that a bankrupt Social Security system will not negatively impact members of Congress because they have already instituted a gigantic safety net for them and their families to fall back on?

ERIC R. BRANT
Belpre

For some reason, letters like this to the Dispatch always originate in the tiny towns in the countryside around Columbus. I've lived in this area for 30 years and I've never heard of Belpre, though I'm sure it's a very nice place, if backwards politically.

Two other letters from individuals in the Columbus metropolitan area castigating bush and the Republicans for their failures appear on the same page.
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asthmaticeog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-19-08 06:19 AM
Response to Original message
1. That doesn't even make sense.
There needs to be a rule: when someone derides a politician or policy proposal as "Socialist," s/he must provide the *correct* definition of the word or be shunned from all political discussion until a remedial course has been passed. This goes doble for cable news pundits.
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Ganja Ninja Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-19-08 06:22 AM
Response to Original message
2. Eric L Brant must really get around.
Here's another letter of his in a Marietta GA paper.

http://www.mariettatimes.com/page/content.detail/id/504760.html?nav=5007
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mwb970 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-19-08 07:23 AM
Response to Reply #2
5. Wow, great find!
This other letter contains this paragraph:

They (i.e. the Democrats) don't want the voters to know that there will have to be a gigantic increase in the size of the government to charge ahead. They don't tell us where the money will come from to pay for these dreams of theirs. It will come from taxpayers. Think long and hard about the choices this fall. I am a lifelong member of the Democratic Party, but I choose to open my eyes and mind to know what these snake-oil salesmen are peddling. Look, listen, learn and live wisely.

I suspect that Eric is a "lifelong Democrat" about as much as Mittens is a "lifelong hunter".
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sinkingfeeling Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-19-08 08:44 AM
Response to Reply #5
6. Psst, Eric, your beloved Bush has increased the size of government by more than 25% and has nearly
doubled the national debt.
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liberal N proud Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-19-08 06:27 AM
Response to Original message
3. What party have we had to keep away from the system?
Oh, yeah, the GOP.

Is it any wonder how the Republicons can steal elections with stupid fuckers like Eric Brant?

What is Belpre?
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TheCowsCameHome Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-19-08 07:09 AM
Response to Original message
4. Sorry Eric - it's the GOP that wants to do the raiding
You've been listening to too much talk radio.

You should get out more often.
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GDAEx2 Donating Member (381 posts) Send PM | Profile | Ignore Tue Aug-19-08 09:02 AM
Response to Original message
7. Belpre, OH
I think Belpre is a river town east of Athens.
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fencesitter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-20-08 05:59 PM
Response to Original message
8. Lightweights...Welcome to my county...
Why Save Social Security?

Demographics are driving us toward a financial cliff. As our Social Security shortfalls approach, politicians are starting to dance around the 3rd rail of American politics. People are asking, “How do we save Social Security?” Maybe the question should be, “Why should we save Social Security?”

Social Security was a product of the Great Depression. The goal of Social Security was to protect seniors from extreme poverty. At the time, there were very few safeguards against devastating poverty. That is no longer true. Welfare has become much more politically acceptable.

When Social Security was initiated, there were many more workers per recipient. As science advances and lives are extended, there are fewer workers to support seniors. Longer lives and a demographic crisis (Baby Boom) have taken us to the financial cliff.

Our current system collects payroll taxes on the first $102,000. Some politicians are suggesting that the limit either be raised or eliminated. Even some rich people are suggesting that the limit should be removed. Warren Buffet for one is making this suggestion. If we forget for a second that Warren Buffet makes a ton of money on financial planning...planning that helps you avoid the taxes he is advocating...we should at least admit that this would fundamentally change Social Security from a government mandated retirement plan to a welfare plan designed to transfer wealth from the successful working class to poor seniors.

If you believe such a system is just, then you should at least have the guts to come out and admit that we no longer need Social Security. Have the guts to call it what it is...WELFARE.

One of the great flaws of Social Security is that the money is not invested or saved. This is fortunate. If the government were to invest Social Security funds into stocks and bonds as Bill Clinton once suggested, the power of the federal government would be dramatically increased and those investments would ultimately be poorly managed. This idea was so poorly thought out that it never made it past a mention in a State of the Union address.

Saving the money in a “lock box” as Al Gore suggested would be even worse. Imagine taking trillions of dollars out of the economy each year and putting it in a vault somewhere. The economy would collapse.

The best alternative is to have the social security money invested. The only way to have that money invested without giving unimaginable power to the feds is to have individuals invest their own money. This would insure that the money is not removed from the economy and would disperse the power that comes with that money.

The big conflict between the parties comes down to a fundamental difference in world views. Do you believe that elites in Washington are better decisions makers than the nation as a whole? What are the consequences of bad decisions? The idea that a few big-brained individuals in Washington are superior to the thinking power of the collective brain of hundreds of millions is dubious. But more to the point, we all suffer if those few elites make mistakes. The question should not be, “Will some Americans poorly invest their income?” The question should be, “Who should pay the price of the poor investments?”

Our current Social Security system will make younger Americans pay the price for our father's poor choices...and that is wrong. Social Security needs to be scrapped for a better system.

http://local.virtualchestercounty.com/leps/letitem.cfm?letid=28

********


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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-20-08 06:48 PM
Response to Reply #8
9. I Know A Better Way--Let the Idiots Writing Such Gruel Sign Away Their Rights to SS
but they still have to pay the taxes.
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Faygo Kid Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-20-08 07:16 PM
Response to Original message
10. I hate these kind of "crocodile tears" from the Right.
I guaranteee you two things:

1. Mr. Brant was gung-ho to "privatize" Social Security.

2. In order to kill it entirely.

Social Security is backed by the full faith and credit of the U.S. government. It needs tweaking, but it can be "fixed" relatively painlessly.

Medicaid/Medicare is a tougher nut to crack, but we can fix them all. If we have the will to do it, and we quit electing people like Bush/McCain to office, who only care about their wealthy backers.
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