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Obama addresses looming Social Security crisis, moonbats go ape sh!t

The LA Times’ “Magic Negro” sees the imminent destruction of the Ponzi scheme known as Social Security.  You know, the same SS that Bubba said we couldn’t have a tax cut because we needed to use the “surplus” money to “shore up Social Security”?  Once Dubya became president, all of a sudden, SS was in great shape!  Anywho, Barry O has a solution to fixing Social Security.  O’s idea:

“I think the best way to approach this is to adjust the cap on the payroll tax so that people like myself are paying a little bit more and people who are in need are protected,” the Illinois senator said.

“That is the option that I will be pushing forward.”

Currently, only the first $97,500 of a person’s annual income is taxed. The amount is scheduled to rise to $102,000 next year. 

Naturally, partial privatization isn’t on the table, nor are benefits cuts or extending the retirement age (since we’re all living longer these days).  But hey, at least Osamabamadingdong is at least floating a solution, even if it sucks.  

What sayeth the moonbats?

Barack Obama, please realize that you are assisting the right’s efforts to get rid of Social Security. Their strategy is to make the public think that the program is in trouble and then sweep in with their “solution.” …IS your heart in the right place? Social Security is not in trouble. Stop saying it is.

The left’s ostriches have spoken: All is well with Social Security.  Pay no attention to the man behind the curtains with the facts to the contrary.

Hat tip to Michelle Malkin.

November 13, 2007 - Posted by crushliberalism | Obama, Social Security, economic ignorance, moonbats | | 3 Comments

3 Comments »

  1. The best way to cure SS is to make congress part of it rather than thier own system of 100% pay till death after 6 yrs of service.

    Comment by WMD_Maker | November 13, 2007

  2. One of Murphy’s laws goes, “Any time a politician gets an idea, he usually gets it wrong.”

    Well, Obama proves he a politician.

    There are actually two things we can and should do to shore up the solvency of Social Security;

    1) DECREASE, or at least FREEZE benefits

    2) RAISE the retirement/benefits age
    When social security began, life expectancy for American males was about 63 years and social security benefits kicked in at 62 for reduced benefits and 65 for full benefits.

    Today Americans are living longer and healthier and there’s no question that both the retirement age and the age levels for receiving social security benefits should be raised.

    Today’s life expectancy in the U.S. is 77.6 years, by the original blueprint for social security, reduced benefits should kick in at around age 76.5 and full benefits at almost 80 years of age.

    In a world where people are living longer and healthier it makes perfect sense to raise the retirement age and keep those folks working and living longer, more productive lives. THAT would be good for ALL of us!

    We should also very seriously consider freezing benefits. Those over 65 in America are one of the wealthiest generations ever to live on the face of the earth. Consider that the generation prior to the baby-boomers saved only $30,000 toward retirement, while the boomers have put away, on average, some $140,000! They’ve also benefitted from a stock market that improved from appx. DOW 3,000 in the 1980s to near 14,000 today and they’ve benefitted from a real estate surge that has seen the price of the average boomer’s home now going for $600,000!

    So, why not cut, or at least FREEZE benefits, as we raise the retirement age?

    http://workingclassconservative.blogspot.com/2007/10/how-can-social-security-be-going.html

    Comment by JMK | November 13, 2007

  3. Axiom: if you want it done wrong, have the government do it.

    Axiom: if you want money to be spent without proper consideration, allow someone else to spend it for you.

    Idea: based on the two axioms above, perhaps a system that has long been on life-support shouldn’t be fixed. Let the damn thing die.

    Our great nation today contains more entrepreneurs than ever before. As such, folks like me who work for themselves have a sticky little situation with Social “Security” – we pay double. If left to it, I could invest that money with a far superior rate of return than the government. Plus, if I am investing it myself, the government has no ability to pilfer it for other uses.

    Social Security is just another in a long line of democrat failures. Pull the plug already!

    Comment by TheBad | November 13, 2007


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