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The Ugly Truth About Social Security Is Revealed

By: Beldin in POPE | Recommend this post (0)
Mon, 04 Jun 12 10:53 PM | 80 view(s)
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http://www.forbes.com/sites/johntamny/2012/06/03/the-ugly-truth-about-social-security-is-revealed/?utm_source=The+Ugly+Truth+About+Social+Security+Is+Revealed&;utm_campaign=Social+Security&utm_medium=email

"Speaking to USA Today about deficits, Horney [Jim Horney of the leftist think tank, Center on Budget and Policy Priorities] explained why Social Security should not be counted as part of the U.S. budget deficit. It shouldn’t because Congress can alter its liabilities by reducing benefits or raising taxes. Or, as Horney more bluntly put it, “Retirement programs are not legal obligations.”

The seemingly obvious response might be “Now they tell us”, but that would be a bit overdone. Indeed, though American-style liberals and other water carriers for the welfare state would rather we not know this, we have no legal right to the dollars we hand over to the federal government in the form of Social Security payments. We never have had any legal right, and Horney should be credited for telling the truth.

Forget about “lockboxes” and other rhetorical devices used by politicians to perpetuate the unconstitutional falsehood that is Social Security, the unhappier reality is that the minute your employer withholds your Social Security taxes, the money is no longer yours. Deal with it."

["The money is no longer yours." Something I've been pointing out for decades, now. Social Security tax is not a retirement plan contribution - IT IS A TAX, period. And as such, you should have no expectation of ever receiving a dime in return if you are on the back side of this Ponzi scheme. B.]




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