Privatization of Social Security

1. Some folks don’t want Social Security to be privatized, which means they are responsible for their own retirement savings (though they must participate by government mandate and there would be regulations and controls on the individual (to guarantee their mandatory contributions) and the investment broker (to limit the riskiness of investments, administrative costs, etc)).


2. Don’t people realize that Congress has stolen every penny paid into Social Security over the past 70 years?

3. Don’t people realize that therefore the government doesn’t have any money to pay Social Security benefits that have accrued and are due?

a. The Fed is simply printing worthless script to cover Social Security benefits now, but that can’t continue as more and more Baby Boomers become eligible to draw on the benefit that they have paid into all their working lives.

b. Sooner or later the worthless script being printed to cover the exploding federal debt; and the exploding federal entitlement will become just that: worthless script.

I don’t have a solution, but if insanity is ‘continuing to do the same thing, but expecting a different results’, it seems to me that leaving Social Security in the hands of those who have stolen every penny of it, qualifies as insanity.

I’m guessing that folks who don’t want Social Security privatized are afraid that bankers might do what the government has already done.

Those who argue against privatization of Social Security are refusing to acknowledge that Social Security doesn’t exist anymore and hasn’t since the mid-1960’s when Congress took all the money out of the Social Security Trust Fund and moved it to the General Fund so they could waste it on their pet projects (which most likely assured their comfortable retirement income).

Those of us trying to live on the false image of Social Security are doing no more than “whistling past the grave yard”; praying that the inevitable destruction of the dollar, (due to years of printing worthless script), won’t hit until after we die and no longer need the benefits that we have paid so dearly for our entire lives.

Will those who hate business ever get to the realization that what they hate about business is not from the conduct of business itself, but the abuse that business is able to accomplish as a result of unfair advantage purchased through political contributions? They may not care about the difference, but business is what has brought mankind the kind of prosperity and ease that subsistence farming and hunter-gathering could never accomplish. Government corruption is what enables businesses to exploit people and to take taxpayer money unfairly through government subsidies, worthless grants, useless foreign aid to despots, senseless wars, excess, non-competitive compensation to unions; excessive cost for healthcare (that has existed and expanded on government subsidy for more than 50 years): the list is endless.

Any business that relies on government subsidy to exist obviously does not warrant existing on it's own merit.  The beauty of the free market is that such businesses are permitted to perish.  When one has poison-ivy growing in the yard, no sensible person attempts to pluck each leaf to protect themselves: they find the root, up-root the plant and the problem is permanently eliminated.

Our Founders understood human nature: they realized that delegated authority will always be abused (it’s Man’s sinful nature [that liberals hate to acknowledge]). Because human nature guarantees that delegated authority will always be abused the Founders specified in the Constitution that the federal government would have very strictly limited authority; and NO authority to directly tax Citizens.

If we limit our elected representatives to the authorities and responsibilities originally delineated in the COTUS; the rape of the American people; and the destruction of the American Dream will be stopped.