Social Security is no longer taking in more or the same than it's paying out. This is an interesting development. You see, we all knew the day would come, but it's now come 6 years earlier than expected. So for all those politicians who in the past have felt they can just kick the can to the next bunch of elected officials, well, time to pay the piper. I personally wonder if the politicians have felt no urgency to this matter as they don't pay into this system and are not part of it. I'm a GenX-er. I don't believe for one second that I'll see my SS. But this is only because since I was small, my Mom told me that I shouldn't expect to ever see it, so be responsible for my own retirement money. Shrewd Boomer, that one. Anyway, my peers all feel the same way. But the ones who will truly suffer from this aren't my generation, it's the boomers now retiring. I think of the policiticans who have screwed and mismanaged and essentially taken the $ poured into the SSI funds and replaced these monies with IOUs, and the little old ladies who are widows, my parents and grandparents... they rely on this income because they were told that they'd have this and this is their retirement. Now whether it is smart or not, the government made it clear that there would be this funding for retirement for people. And when it's not there, it's a damn crime. It's worse than that. It's a conscious, intentional, evil deed.
Yes it may be legal, but it's W R O N G. Not all things that are bad or wrong are illegal.
So now the day has come 6 years early (due to the unemployment I imagine, gee who could have seen that coming) where the amount being paid into the system is less than the amount being pulled out. Time to crack open those drawers and cash some of those IOUs.
You know, I was thinking... if the government just took the running-head-start healthcare taxes and used that money to pay for social security and swapped the SSI IOUs (Those IOUs are actually Treasury bonds, did you know?) with the healthcare "funds" we're supposed to accumulate... well, wouldn't that be creative! Then the black hole of social security would be patched until 2014 when our healthcare is supposed to kick in. That way, when we need the funds for the healthcare that 70% of the population opposed in its current format, well~ Social Security will still be broke (broker than it is now) and that healthcare funding we need will not be there. So instead of 1 black hole and national healthcare, we'll have 2 black holes and all our insurance companies out of business. Hmmmm. Seems easy to see, so how come our brave leaders who are oh-so-much smarter than the general durr-duhh-populus (as they see us) in those backwoods flyover states can't see it?
I am nearly convinced that those people in power who do nothing about social security are complicit in this legalized robbery of the present, past, and future generations' money for their own purposes. But it really doesn't matter to them because it's not something that can land them in jail. And since they and their friends and family are financially set for life, what does it matter. I hope I am wrong, but I cannot come to any other conclusion. I'm out of ideas. Our leaders are lacking the common sense and decency of knowing right from wrong, that right and wrong that isn't in a law, but in the hearts and souls of most men and women. They seem to be missing that inner compass of a moral conscience. I don't understand it, I can't excuse it, and I see the consequences of electing persons who are put forth as candidates by people who say that "character doesn't matter, it's how well s/he does the job." Nope. Wrong. Those repercussions of that thinking is now quite obvious but the damage is done- our policy has been set by those people who believe that character doesn't matter.
Meanwhile, back at the ranch... the American People are soiling their collective drawers because as we all know, as the healthcare IOUs when they are cashed, are simply going to be the equivalent of the printing presses churning out more dollars. Since the dollars aren't actually there, the Treasury [that is dead broke and running on less than zero with additional deficit every year remember] will simply issue little pieces of paper that provide little old ladies with more funds to put in their banks, or cash to use. As the social security payments are made, our dollar is devalued as every little payment adds to our deficit and national debt. Tick Tock.... Just hang on till November folks. It'll be time to get fresh faces in there.
In the meantime, start planting your victory gardens, this is going to be a bumpy year.