The reports I cited on page 1 regarding federal debt relate largely to Social Security. The Social Security program is bankrupt. It is and always has been fraudulent, unethical and immoral. All the money you “contributed” to this “retirement program” has been used to bomb peasants in Iraq. Or something else you don't approve of. Any private corporation administering a pension program the way the federal government has administered Social Security would see its officers imprisoned. Attempting to “reform” this system is like attempting to “reform” the Mafia. It must be abolished entirely. It is unconstitutional as well as fiscally criminal.
There are three alternatives:
1. Nobody gets any Social Security benefits from the government.
People who depended on the federal government for their retirement made the same mistake as those who did not diversify their portfolio, but put all their stock in Enron. We all need to admit our mistakes and then learn from them. We need to rally around those in need on a community level, not a federal level, but there can be nation-wide private organizations to help. Our current congressman has been putting off the tough decisions for ten years, doing only what gets by for elections every two years.
Tough times are coming.
2. Nobody gets anything BUT government benefits.
Economists estimate a tax of more than 70% is needed to fund all unfunded liabilities (Social Security, Medicare, etc.). Kiss your car, your nice home, your HDTV, nice clothes, and 3,000 calories a day good bye: they'll be taken in taxes, but you'll get a nice little social security check (did I say "little?") and a place on a waiting list for government health care and prescription drugs.
3. People get digits on government-issued pieces of paper, along with economic chaos.
Our social security page contains testimony before Congress by the Social Security Commissioner. He is asked if government will use the power it allegedly (not really) possesses to alter the value of the currency -- that is, to "print up the money" needed to pay the Social Security benefits. "I agree," he says, admitting that recipients will get their benefits check, though the checks may not be worth anything. Sorta like Zimbabwe, where a loaf of bread can be bought with just a few billion dollars:
See also comments on the Farm Bureau Policy Statement:
Social Security
This is one in a series of blog posts answering questions posed to candidates in the 7th District by the Missouri Farm Bureau. Here is the list of mofb blog posts in this series.
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