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Title: Social security - an email reply to Alan Simpson, Senator from Wyoming
Source: [None]
URL Source: [None]
Published: Mar 16, 2011
Author: email
Post Date: 2011-03-16 14:03:15 by Jethro Tull
Keywords: None
Views: 1572
Comments: 71

Alan Simpson, Senator from Wyoming , Co-Chair of Obama's deficit Commission, calls senior citizens the Greediest Generation as he Compared "Social Security" to a Milk Cow with 310 million teats. August, 2010.

Here's a response in a letter from a unknown fellow in Montana .... I Think he is a little ticked off ! He also tells it like it is! "Hey Alan, let's get a few things straight...

1. As a career politician, you have been on the public dole for FIFTY YEARS.

2. I have been paying Social Security taxes for 48 YEARS (since I was 15 Years old. I am now 63).

3. My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for Decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus Bankrupting the system and turning Social Security into a Ponzi scheme That would have made Bernie Madoff proud.

4. Recently, just like Lucy & Charlie Brown, you and your ilk pulled the Proverbial football away from millions of American seniors nearing Retirement and moved the goalposts for full retirement from age 65 to Age 67. NOW, you and your shill commission is proposing to move the Goalposts YET AGAIN.

5. I, and millions of other Americans, have been paying into Medicare From Day One, and now you morons propose to change the rules of the Game. Why? Because you idiots mismanaged other parts of the economy to Such an extent that you need to steal money from Medicare to pay the Bills.

6. I, and millions of other Americans, have been paying income taxes our Entire lives, and now you propose to increase our taxes yet again. Why? Because you incompetent bastards spent our money so profligately that You just kept on spending even after you ran out of money. Now, you come To the American taxpayers and say you need more to pay off YOUR debt.

To add insult to injury, you label us "greedy" for calling "bullshit" on Your incompetence. Well, Captain Bullshit, I have a few questions for YOU.

1. How much money have you earned from the American taxpayers during Your pathetic 50-year political career?

2. At what age did you retire from your pathetic political career, and How much are you receiving in annual retirement benefits from the American taxpayers?

3. How much do you pay for YOUR government provided health insurance?

4. What cuts in YOUR retirement and healthcare benefits are you Proposing in your disgusting deficit reduction proposal, or, as usual, Have you exempted yourself and your political cronies?

It is you, Captain Bullshit, and your political co-conspirators who are "greedy". It is you and they who have bankrupted America and stolen the American dream from millions of loyal, patriotic taxpayers. And for What? Votes. That's right, sir. You and yours have bankrupted America For the sole purpose of advancing your pathetic political careers. You Know it, we know it, and you know that we know it.

And you can take that to the bank, you miserable son of a bitch."

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Begin Trace Mode for Comment # 26.

#2. To: Jethro Tull (#0)

3. My Social Security payments, and those of millions of other Americans, were safely tucked away in an interest bearing account for Decades until you political pukes decided to raid the account and give OUR money to a bunch of zero ambition losers in return for votes, thus Bankrupting the system and turning Social Security into a Ponzi scheme That would have made Bernie Madoff proud.

Great letter but paragraph/point number 3 is just plain wrong. There never was any "trust fund." The money that people allowed to be taken from their pay in the name of "Social Security" all went into the general fund and pissed away, just like the rest of it.

"...Section 811 (a). The income tax on employees is to be collected by the employer, who is to deduct the amount from the wages "as and when paid". Section 802 (a). He is indemnified against claims and demands of any person by reason of such payment. Ibid. The proceeds of both taxes are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked in any way. Section 807 (a)...." Helvering v. Davis, decided in 1937 (added emphasis mine)

James Deffenbach  posted on  2011-03-16   14:20:13 ET  Reply   Untrace   Trace   Private Reply  


#7. To: James Deffenbach (#2)

Great letter but paragraph/point number 3 is just plain wrong. There never was any "trust fund." The money that people allowed to be taken from their pay in the name of "Social Security" all went into the general fund and pissed away, just like the rest of it.

"...Section 811 (a). The income tax on employees is to be collected by the employer, who is to deduct the amount from the wages "as and when paid". Section 802 (a). He is indemnified against claims and demands of any person by reason of such payment. Ibid. The proceeds of both taxes are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked in any way. Section 807 (a)...." Helvering v. Davis, decided in 1937 (added emphasis mine)

I'm fairly certain that means Social Security taxes are not to be earmarked for other use. Mismanagement and fraud re: that fund are crimes that should be prosecuted and the culprits sued.

On another aspect, how much money paid-in through the years has the government kept when someone dies before being able to collect anything for retirement?

GreyLmist  posted on  2011-03-16   15:41:26 ET  Reply   Untrace   Trace   Private Reply  


#9. To: GreyLmist (#7)

1. I'm fairly certain that means Social Security taxes are not to be earmarked for other use.

2. On another aspect, how much money paid-in through the years has the government kept when someone dies before being able to collect anything for retirement?

1. Seems to me that the words "are not earmarked in any way" means that it all goes into the same pot and that they are free to piss it away just like they do the rest of it.

2. I would imagine a large number of people have died before they ever drew one cent of the money they thought was coming to them.

James Deffenbach  posted on  2011-03-16   16:15:21 ET  Reply   Untrace   Trace   Private Reply  


#10. To: James Deffenbach (#9)

I suspect that dumping SS taxes into the general pot means that more interest is accrued for the gummint on all the holdings that are lumped into the general pot, with SS "earmarked" as the minimum projected interest-earnings before paying out any funds collected for that or paying out other taxes for other purposes. And seems to me that money paid into SS by someone who dies before collecting any should go to their heirs, not the government or whoever. What an extra-incentive that probably is for Death Panels to deny medical treatment to many.

GreyLmist  posted on  2011-03-16   16:46:36 ET  Reply   Untrace   Trace   Private Reply  


#25. To: GreyLmist (#10)

I suspect that dumping SS taxes into the general pot means that more interest is accrued for the gummint on all the holdings that are lumped into the general pot, with SS "earmarked" as the minimum projected interest-earnings before paying out any funds collected for that or paying out other taxes for other purposes

You're kidding, right? You don't suppose it's possible, do you, that banking interests put up campaign funds up front to insure the election of politicians that will borrow incessantly from the bankers to in turn guarantee a windfall flow of interest paid on principle?

Dakmar  posted on  2011-03-16   21:26:23 ET  Reply   Untrace   Trace   Private Reply  


#26. To: Dakmar (#25) (Edited)

You're kidding, right? You don't suppose it's possible, do you, that banking interests put up campaign funds up front to insure the election of politicians that will borrow incessantly from the bankers to in turn guarantee a windfall flow of interest paid on principle?

Yes, I do suppose that's possible but I was talking about interest to the guv on SS tax holdings, among others. You aren't asserting that there are no such accrued interest perks for the guv, are you?

GreyLmist  posted on  2011-03-16   22:09:29 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 26.

#28. To: GreyLmist (#26)

You aren't asserting that there isn't any such accrued interest perks for the guv, are you?

In terms of growing government power, sure you are probably right. I momentarily forgot that we were dealing with people who see collectivism as a religion. Screw the people, the self-appointed guardians of the people are all that matters!

Dakmar  posted on  2011-03-16 22:18:50 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 26.

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