Social Security will not make adjustments in 2010, but...
Mr. Obama wants to balance this by sending out $250 checks to people. Cost of life adjustments better known as COLA will not be made in 2010 because we are in a deflationary period, at least according to government officials. Take a look at your supermarket or your energy bills, do you feel deflation? So no refreshing beverages for 50 million social security recipients, but there is hope.
Obama wishes to spend about 13 billion dollars on seniors, veterans and the disabled. Neat trick, huh? So the people that social security insurance is designed to assist is not doing it's job and looking more and more financially insolvent with each passing day, but the American taxpayer for the moment is solvent. So we are going to go ahead and borrow 13 billion, chump change after a 787 billion stimulus package and do the job social security insurance failed to do. What better way to extend a Ponzi scheme than to make someone else pay the participants? This is a ploy to buy votes while ignoring the most obvious and glaring problem, social security is broke while scrambling to find ways to elongate it's miserable existence.
Folks, you better get used to this. When a government is in charge of your life there is no accountability and even less responsibility. Cutting benefits and rationing is second nature, a fact of life when dealing with other people's money. These are exactly the same people who want to run more and more of our health care despite Medicare's profound failure. In fact if Medicare did it's job then Social Security would be sufficient, but due to rising health care costs we can justify spending more and more in give aways due to apparent shortages. As much as we should be helping those in need, with people living longer, the amount of those in need will outpace the providers. If we don't fundamentally seize this catastrophic pyramid structure our entire budget will be consumed.
Obama wishes to spend about 13 billion dollars on seniors, veterans and the disabled. Neat trick, huh? So the people that social security insurance is designed to assist is not doing it's job and looking more and more financially insolvent with each passing day, but the American taxpayer for the moment is solvent. So we are going to go ahead and borrow 13 billion, chump change after a 787 billion stimulus package and do the job social security insurance failed to do. What better way to extend a Ponzi scheme than to make someone else pay the participants? This is a ploy to buy votes while ignoring the most obvious and glaring problem, social security is broke while scrambling to find ways to elongate it's miserable existence.
Folks, you better get used to this. When a government is in charge of your life there is no accountability and even less responsibility. Cutting benefits and rationing is second nature, a fact of life when dealing with other people's money. These are exactly the same people who want to run more and more of our health care despite Medicare's profound failure. In fact if Medicare did it's job then Social Security would be sufficient, but due to rising health care costs we can justify spending more and more in give aways due to apparent shortages. As much as we should be helping those in need, with people living longer, the amount of those in need will outpace the providers. If we don't fundamentally seize this catastrophic pyramid structure our entire budget will be consumed.
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