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Social Security Is No Where Close to Being a Ponzi or Pyramid Scheme

Society & Culture  (tags: bush, bushadministration, corruption, dishonesty, elections, government, Govtfearmongering, propaganda, socialsecurity, republicans, obama, healthcare, economy, politics, society, sustainabledevelopment, investments, government, politics, society, interes )

- 1536 days ago -
FDR's insurance system does not have the key characteristics of Ponzi or Pyramid schemes. It's a perpetual and stable generational rollover plan.

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Past Member (0)
Sunday September 11, 2011, 7:40 am
Thank you Michael.

Past Member (0)
Sunday September 11, 2011, 8:36 am
TU Michael. RP has become as despicable to me as $P, and I didn't think anyone top her. SS is the only income I have now...but I paid into it a long time...sometimes working 4 jobs at once. It's my money...not a handout.

William Y. (54)
Sunday September 11, 2011, 8:43 am
The real pozi scheme is the merger of the corprofacists & the pseudo-Christians. They con people into giving money to them and returning nothing.

Carol H. (229)
Sunday September 11, 2011, 8:56 am
noted and agreed!!! thanks Michael

Patrick Donovan (344)
Sunday September 11, 2011, 9:11 am
Thanks for the excellent ammunition.

Michael Dewey (1034)
Sunday September 11, 2011, 9:15 am
I can deal with Ron Paul for what he is right about, with ending the wars (for what ever reasons...), ending the fed, and drug war too. Those 3 things would do much. I do want to hear what he thinks, promoting the general welfare means to him? It could as just as well been written, ''the common good.'' Its now just as it looked to m in the fall of 2007: its going to take the people to demand what we want.

Caitlin Mac Iver (104)
Sunday September 11, 2011, 9:19 am
This is a good, straight-forward explanation of the terms that SS detractors like to use, Ponzi and pyramid. This info needs to get to people who will believe SS is bad just because someone associates it with words like this. I hope this info gets to the people who need to hear it, but I'm not sure the people who need to hear it will. Thanks, Michael, for giving it a go.

Dotti Lydon (88)
Sunday September 11, 2011, 9:28 am
Thank you Michael and totally agree with Armand.

Betty Straughan (39)
Sunday September 11, 2011, 9:29 am
I fully agree. Thanks Michael.

Tony Isaacs (40)
Sunday September 11, 2011, 9:44 am
Cedrtainly SS does not fit the definition of a pyramid, though I would have to say that it does have Ponzi like elements in that it depends on funds from present payers to pay off promises to past ones. True, it would not absolutely collapse so long as people continue to pay into it, but there is no doubt that those paying in today will get less than is presently promised if it is not fixed. People should also not be disillusioned into thinking that younger workers will continue to support SS when they see how their expected benefits are going to be cut. Removing the cap on earniings would be one solution, but that is unlikely to fly given the anti-tax atmosphere. Ron Paul would like to see some of our military funds diverted to help pay for SS and Medicare and would also like to change the system to allow for private retirement options. Agree with him or not, one thing he absolutely would not do is suddenly yank SS benefits. I'm not sure what the other RP, Rick Perry, would do - other than pander for votes and serve his rich and corporate masters. I hope that his statements on SS come back to haunt him big time. He is a menace to just about all of us.

Dandelion G. (386)
Sunday September 11, 2011, 9:49 am
There are a lot of lies and misinformational tidbits that are started and then seem to take on a life of their own. This is what has been happening, and like the person who has been caught in the gossip web, where one individual has claimed someone did something they had not, the gossip takes off so that it becomes dangerous and hurtful.

I fault everyone and anyone that knows better. I fault those who are running against, as Republicans, that do not immediately call him on his ponzi scheme statement. They do a diservice to their own party for failing to do so. The Journalist need to speak out on this, the other parties need to speak out, Lawyers, Teachers, the many Economist, need to set aside their personal agenda and call out the people who make such false statements.

I don't care whether it is on Social Scurity, how safe nuclear power is, Ior raq was invaded due to 9-11, if we know it to be a bold face lie, it needs to be confronted by everyone. Get the ones who utter these words to start running with their tail between their legs. Thank you Michael for doing your part.

Then the General public needs to spend a portion of it's day to be more learned citizens of this Country. I feel as Caitlin those who need to read this will not be doing so but will continue to take the Lies and run around with them them dropping them where-ever they go. Slicing our throats and their own too.....which they are so blinded many of them don't realize that.

Caitlin Mac Iver (104)
Sunday September 11, 2011, 10:27 am
To Tony I saw that SS doesn't resemble Ponzi as much as you suggest, in my opinion. SS has the US government as co-partners with those who pay into the system. In a Ponzi scheme there is no assured participation partner. That's a big difference. And those who want to privatize or eliminate SS are simply putting themselves into the hands of those who actually might be running a Ponzi scheme! I think you are spreading bad information and not listening to what is given here. Too bad... that's what I was afraid would happen.

Michael Dewey (1034)
Sunday September 11, 2011, 10:41 am
We can remove the $106.8 k cap, and that would not hurt anyone who makes above that one damn bit. "When shall it be said in any country of the world, my poor are happy; neither ignorance or distress is to be found among them; my jails are empty of prisoners, my streets of beggars; the aged are not in want, the taxes are not oppressive...when these things can be said, then may that country boast of its constitution and government."
~ Thomas Paine

Phyllis P. (338)
Sunday September 11, 2011, 10:49 am
It is not perfect, but it helps people survive. Especially those who cannot afford a 401k or the company they work for does not offer a retirement plan. But a ponzi scheme.....hardly. Thanks for the article.

Tony Isaacs (40)
Sunday September 11, 2011, 11:26 am
Caitlin, I think that we are mostly in agreement. That is why I said that SS had Ponzi like elements instead of it being a Ponzi scheme. That is also why I said that it was not going to collapse like a Ponzi scheme. I submit that it is not bad information to simply state the truth that current payers are paying the tab for previous retirees and that unless the system is changed current payers benefits will be less than they currently expect to recieve. I am sorry if you misinterpreted what I said as an attack on SS or spreading false information.

Stelizan L. (258)
Sunday September 11, 2011, 11:31 am
We don't live in a perfect world - in an ideal world it would not be necessary to have to fight for someting like this, which is a right and NOT a privilege or 'handout'.

Past Member (0)
Sunday September 11, 2011, 11:39 am
Thanks Michael...agree with Stella...and it IS after all (in most cases) our money that we worked for..most of us all our lives.

Marilyn M. (145)
Sunday September 11, 2011, 11:59 am
Noted. Thank you for posting, Michael.

Fiona Ogilvie (1019)
Sunday September 11, 2011, 12:03 pm
I believe that it was started to realize some profit for the government. The retirement age was 65 and the average like of a male at that time was 52.

Jim Phillips (3199)
Sunday September 11, 2011, 12:30 pm
It was set up as an dependent account separate from the US government budgetary concerns. It is NOT part of the USA Budget and it should not even be on any table for budget cuts.

bush wanted to "privatize" social security into wall street. The people said nook... The money would have
"disappeared" through fraudulent "accountin" procedures. The people in wall street were actually salivatating
on how much they would make (steal) with SS in their fold to use as they would use it to make money.

The problem is that the USA government has been "borrowing" money from SS for years and now it finds that it cannot pay the monies back.

Yes, people need to be educated. There are too many people in this country that are so ignorant, so stupid and so intellectually challenged that begs the question: Are you in favor of SS or do you trust the pukes (gop) and tea-baggers to tell you the "truth" or will itbe another lie.

Stand up and fight for SS! Once it is gone, it is gone forever...

Ty, Michael.

Jim Phillips (3199)
Sunday September 11, 2011, 12:32 pm
Whoops, first paragraph: an independent account...

Ty, M.

Lisa Neste (751)
Sunday September 11, 2011, 12:37 pm
Noted, thank you Michael.

Henriette Matthijssen (149)
Sunday September 11, 2011, 1:08 pm
Tell Truth as it is, but do not make up big lies about it! Thanks Michael.

Chris S. (35)
Sunday September 11, 2011, 1:11 pm
Rick Perry is a ponzi scheme. He is completely disgusting. BTW, he set up a media gathering in Bastrop, but cancelled it, claiming "logistics" got in the way. He might have to make the media "wait" if he changed the place of the meeting as he wanted to (miles away from the disaster area). Ah, that's a good one, with perry being so egotistical that making anyone wait is a joy to him. Too close to reality for lil ricky. A duhbya moment. Since last Sunday, 1400 homes and thousands of acres have burned in Bastrop, Texas. Perry at first thought this might be a great photo op, but changed his mind. Rick also claimed the federal gov was too slow in responding to the Texas disaster. Wrong, but he'll do anything to slam the Obama administration. Then he claimed that Ft. Hood withheld help from the Army--wrong again. Ft. Hood was fighting its own wildfires unbeknownst to helmut head perry. Obama 12~ Here is the link:

Alicia N. (87)
Sunday September 11, 2011, 1:12 pm
noted with thanks

Carol L. (202)
Sunday September 11, 2011, 1:18 pm
Rick Perry is an A$$.

Social Security is also not an entitlement program for those who paid into it. Those who didn't need to find another teat to suck.

dale a. (3)
Sunday September 11, 2011, 2:01 pm
Watch out here come the neo-cons, they hate Ike he's just like everyone else that stands in their way.
It's a good thing we don't have single payer health care, they would be after it with the Babylon gun.
Oh that's RIGHT they already shot that down, it was even beyond Obama care.
Hooray for for profit insurance; no death squad's hiding in there...

Wayne W. (12)
Sunday September 11, 2011, 2:08 pm
In the quote above, President Eisenhower refers to the people who called him a "conscious, dedicated agent of the Communist Conspiracy." They were John Birch Society co-founders Robert Welch and Fred Koch, the latter the father of the people who now drive American discourse. They are still stupid, but are greater in number, the result of pants-on-fire lies that have been repeated so often and so long that they are accepted not only as fact, but as history.

Here is a story from which we can take some pride, some hope and some direction:
Koch Family Celebrated for Founding Hate Group


Sir Walk F. (124)
Sunday September 11, 2011, 2:16 pm
Tony Issaccs said: "it does have Ponzi like elements in that it depends on funds from present payers to pay off promises to past one"

Not true. The Way SS was set up was not dependent on new people enrolling. It was simply a savings plan, of sorts. It is only since SS has been used as petty cash by politicians from BOTH parties over the years has it become financial unsustainable. That, mixed with the devaluing of the dollar, creates the situation you speak of. That is not a design flaw, but a flaw arising from intentional mismanagement.

Sir Walk F. (124)
Sunday September 11, 2011, 2:23 pm
BHive LAdy says: "believe that it was started to realize some profit for the government. The retirement age was 65 and the average like of a male at that time was 52. "

That's a statistic for average male around the world. Not just in the States. The average life expectancy for the average American paying into SS in it's first few years was about 60.While they certainly did not expect everyone to survive long enough to collect for a decade or more, the Government did not likely project a 'profit'.

Sir Walk F. (124)
Sunday September 11, 2011, 2:24 pm
In other words, BeeHive LAdy, stop believing everything Alex Jones tells you.

Sir Walk F. (124)
Sunday September 11, 2011, 2:26 pm

Ralph F. (68)
Sunday September 11, 2011, 2:37 pm
Thanks for the posting. I always remind the Ignorant that Eisenhower, who warned about Corporatism & militarism, was a Republican and former General. I'm sure there are many right-wing Authoritarian types who don't even know these basic facts. They probably would condemn him as some kind-a Liberal Socialist Hippie!

Mary Robert (2)
Sunday September 11, 2011, 2:58 pm
Social Security is in no way a Ponzi Scheme. It is not broke. It is not welfare.It does not have any impact on the deficit. It is not a get-rich-quick gimmick. But then it is not a lose-everything-overnight scheme either. It is more accurate to say that the Stock Market is a poorly-run casino than to call SS a Ponzi scheme. Besides that it IS my money - and your money - and it belongs to everyone who paid into it. I really, really do not want the jokers on Wall Street to be handling my assets. Theykeep proving over and over that they are very bad money managers.
Thanks, Michael for the heads-up.

Marilyn K. (50)
Sunday September 11, 2011, 2:59 pm
A criminal will say anything to justify the result. It is criminal for the GOP to want to dismantle "Entitlement Programs" to have total control over the earnings of hard working, middle class people to enrich their own livestyles, lives and health care. I thought we abolished slavery!

Past Member (0)
Sunday September 11, 2011, 3:32 pm
Destroying America from mithin through the destruction of core institutions like Social Security, Medicare and Individual Freedoms is NOT patriotic nor necessary for America to be restored to greatness.
The conquest an rebuilding of Iraq and Afghanistan bear no relationship to the stated goal of destroying al-Qaeda.
Ending individual freedoms, restricting protections and filling the largest prison system that has ever existed seems a direct attack on American principles of freedom.
The fact that America has governing bodies controlled by corporations that pay NO taxes and are headed by politicians who have been bribed through campaign contributions demonstrates the degree of corruption entrenched in American government.
The very idea that so many Republicans can support this direction as Patriotic is absurd.
Corporation that pay NO taxes are FREELOADERS.
Corporate-controlled governments are, by definition, Fascist.
Supporters of those governments are Fascists.
All those who label wars of aggression as 'defense' are liars.
My conclusion is those who want total control of our government, or support them, while paying NO taxes are Fascist liars and enemies of our Republic.
They should be silenced immediately, jailed or otherwise penalized appropriately.
They are the Freeloading Fascists who are destroying our government and economy from within.
END CIV Resist Corporatism Or Die

Jae A. (320)
Sunday September 11, 2011, 4:29 pm
Having slept late today, then taking care of a few domestic chores, I am just now arriving at this thread. I can only say that there are many comments that have already stated my thoughts on this topic...Jim PhillipsComputerDown,Caitlin M.,Dandelion G.,Carrie L.,Dale, Wayne,Ralph F.,Mary R.,Marilyn K., and John Cause just to name a few of those. Sooo , I can only add my thank you to all as I believe you are 'right on ' with you thoughts and that mine are in line with each of yours.

Great thread and super great comments !
TY Michael for the stimulating topic/tread and to all for the many outstanding comments that have come from it. If only those who really need to read them would...meaning...those on the far rightcrazywing [TeaHaggers..etc.] extremist who support this Wall Street thug, Rick Perry.

Esther Z. (96)
Sunday September 11, 2011, 4:37 pm
I've read and heard talking heads give the reasoning that Repugs like Slick Rick don't really understand how SSA works. That's not the case. Repugs understand, and know how SSA works, they just don't accept it since it's government run. Repugs are against government programs; they are against government, period!

Sarah G. (109)
Sunday September 11, 2011, 5:06 pm
It may not be a pyramid or ponzi scheme, but it is being badly mishandled by politicians of both parties. It would be an injustice if those who have paid into this program their entire working lives did not receive the benefits promised to them upon retirement.

ellen m. (220)
Sunday September 11, 2011, 5:29 pm
Thank you Michael, the problem is you, along with so many others, are preaching to the choir. We need to somehow get to those uneducated on the issues.
And while the number of people that stand behind the teabaggers have grown since Ike's time, they're still stupid.
Unfortunately, even "stupid is as stupid does" gets to vote. And thats just crazy scary.

Mary T. (185)
Sunday September 11, 2011, 5:48 pm
The only ponzi scheme is paying our government officials all the benefits they get when they are in office and after they are out of office.

Michael Carney (218)
Sunday September 11, 2011, 6:54 pm
Noted, of course anyone with two brains cells, knows, Rick Perry, is as big a liar, as George Bush...Apparently another thing they grow big in Texas, lying politicians...

Lydia S. (161)
Sunday September 11, 2011, 8:06 pm
I have heard so many conflicting stories about SS, This was informative, Thanks.

Deb E. (63)
Sunday September 11, 2011, 8:58 pm
I agree with Mr. Eisenhower!

Yvonne White (233)
Sunday September 11, 2011, 9:18 pm
Imagine that - I Like Ike (at least that statement!;)!!!! A Republican instead of a RepubliCON?! Of course he's not around any more to prevent these "pre-emptive" attacks on our elderly & disabled..:(

Susanne R. (249)
Sunday September 11, 2011, 10:28 pm
SOCIAL SECURITY IS NO SWINDLE - By The Oregonian Editorial Board (an excerpt)

"By any measure, Social Security has been one of the great social policies in American history. When Franklin Roosevelt signed Social Security into law in 1935, poverty among the elderly was endemic. Even as late as 1959, one in three American senior citizens lived in poverty. Today, thanks largely to Social Security, it is less than one in 10. And finally, there's one other way that you -- and Gov. Perry -- can distinguish Social Security from a Ponzi scheme. Ponzi schemes often leave their elderly victims penniless and with nothing to fall back on. Nothing, that is, except Social Security."

Do Perry and his cohorts really think we're going to hand responsibility for the funding of our old age to their Wall Street campaign funders? The mortgage crisis has revealed them for what they really are: greedy, self-serving, incompetent, and dishonest thieves and con artists. People are homeless and penniless because of them, while they enjoy penthouse apartments, summer homes and yachts. By making such inaccurate and unfounded statements, and expecting those he looks down upon to believe them, Rick Perry proves that he can fit 20 pounds of stupid under a 10-gallon hat.

Marc B. (16)
Sunday September 11, 2011, 11:30 pm
We in Europe, especially in Germany, have a social security system and - with all it faults, it works. It works better than handling the money (as the neocons want it) over to banks and insurance companies. In a recession you are way better with financing the social security through a generation rollover than, having a bank account at Lehmanns.
But Neocons dont say that and banks and insurance company pay for the simple truth, that you can trust more your government (that wants to be reelected) than you can trust the Investment banks, which only think about their own profit and the profit of the top 5 percent of their investors and, I bet, you do not belong to them.

H Nick H. (1826)
Sunday September 11, 2011, 11:53 pm
Thanks for sharing this. I am on SS and glad it is there for me. Not much $$$ of course, but it keeps me from totally falling through the cracks. The real cracks are the ones who are trying to get rid of social security for their own sceams, that will benifit Wall Street, but not the average citizen. Now that is a problem, and yet these jersk are trying to get us to belive it's good for us. I WILL NOT BEND OVER ANY MORE FOR THESE KIND OF PEOPLE. Republicans have been screwing the average citizen for way too long. It's time for this to stop now.

Past Member (0)
Monday September 12, 2011, 1:20 am
Thank you.

Arild Warud (173)
Monday September 12, 2011, 1:46 am
Thanks Michael.

Norm C. (74)
Monday September 12, 2011, 2:08 am
If one were to assume that Rick Perry and company were not being deliberately dishonest, then one would have to assume that Rick, et al. simply do not understand the nature of insurance and risk pooling.

Rick Perry and his cohorts have to be one or the other: liars or imbeciles.

Norm C. (74)
Monday September 12, 2011, 2:19 am
That graphic with Eisenhower is part of a letter he wrote to his brother who was at that time smitten with the John Birch Society bug.

There is nothing Ponzi-like to Social Security or Medicare. They both are insurance programs, plain and simple. They pool risk. They do nothing to fake a return/profit that is not there. There is no effort to con anyone into believing that they are making absurdly high profits.

Those who talk about "Ponzi-like elements" do not understand either insurance or a Ponzi scheme.

Michael MacDonald (27)
Monday September 12, 2011, 4:41 am
thanks for sharing.

of course social security is not a ponzi scheme.
That is a total lie and it amazes me how much dishonesty these guys can get away with.

Past Member (0)
Monday September 12, 2011, 6:19 am
Well, there are certain politicians who ought to know: the ones who took our money, left IOUs and are now smug.

patricia lasek (317)
Monday September 12, 2011, 6:28 am
The muckety-mucks in D.C. decided to reign Rick Perry in and tell him to never utter Ponzi scheme again in relation to SS. so now he's changed his tune and says it needs to be fixed.

The man changes his stance like most people change thieir underwear.

Michael Dewey (1034)
Monday September 12, 2011, 6:38 am
Ellen, I'm just putting information out to a number of different places. I wouldn't call Glenn Beck's and Bill O'Reilly people the choir.

Sue Matheson (79)
Monday September 12, 2011, 6:50 am
interesting article. thanks.

Past Member (0)
Monday September 12, 2011, 6:55 am
"Ponzi "or "Pyramid schemes"
are not words everyone understands.

It's a fact that if you use words people do not understand, they most often remain confused on the next thoughts. Misunderstood or complicated words are sticky points in communication.

Why didn't Obama want us to understand him?

He sure glittered and glistened (like a Christmas tree) on the smiles and "good old boy" accents.

He kept giving repeated commands. "Sign the bill." This command was given and repeated with simple words and straight forward orders. He gave that order "sign the bill "in his advertisement of Christmas goodies about 16 times.

The same simple command , repeated with confidence again and again can be hypnotic. Again, three simple words in a direct command, "Sign the bill", can be hypnotic.

I took a look at his horror scope (astrology). He has difficulty telling right from wrong, good from evil, life from death. Maybe even he didn't understand those words. But they sounded good. They do have a certain note of ?intelligence? about them.

To me," Ponzi or ""Pyramid schemes", I brushed those ego-prancing words aside.

They're really just fancy phrases to INFECT people's intelligence. I looked them up for my own clarification.

This I know: If I max out my credit cards to get all my needs and wants met, it won't work.

And that's plain and simple fact.

One other thing I'd like to point out. It's basic salesmanship to get the customers saying "yes". Get agreement, and get that foot in the door.

His practiced speach had simple "this is what you want" phrases. Those phrases, to my rememberance, did not carry unfamiliar words. He had the audience on it's feet again and again and again. Exceptional indeed, is the mind that can think clearly through that Hoop de Rol with all the accompaning mass agreement.

Did he say anything new? Did he say anything controversial. Did he say anything that would lead the audience to think? a dab here and there.

The American People and our elected congress are not stupid! Nor are we that easily manipulated.

Never listen to what a man says. Look at what he does.


Kathy Javens (104)
Monday September 12, 2011, 8:36 am
Noted. LOVE, LOVE, LOVE this article. Thanks much, Michael!

Past Member (0)
Monday September 12, 2011, 10:03 am
Only a low-life conman like Rick Perry would ever mistake Social Security for a ponzi scheme.

Carlene V. (203)
Monday September 12, 2011, 11:02 am
Well Scary Perry said it and now I think he'd love to take it back. He is one of the "new" republiCONS and has those before him rolling in their graves, I'm sure. What he'll do is what most of them do, twist the words around to pacify those tea baggers who are upset by what he said. The baggers don't want government but don't mess with their SS! How silly is that?

BTW - Helen Camren, did you notice this thread is about Rick Perry and the fact that he called SS a Ponzi scheme, nothing to do with President Obama. Just saying...

Past Member (0)
Monday September 12, 2011, 11:15 am
Noted, thanks Michael for putting it out there!

Andreas Haase (14)
Monday September 12, 2011, 2:01 pm
Thank youMichael

Joycey B. (750)
Monday September 12, 2011, 2:14 pm
Noted With Thanks Michael

Christia F. (158)
Monday September 12, 2011, 3:37 pm
Noted and passed on.

Sir Walk F. (124)
Monday September 12, 2011, 5:30 pm
@Helen--What in the good heck are you trying to convey? Your speaking in circles.

Robert S. (111)
Monday September 12, 2011, 6:17 pm
Helen, as far as I can using this subject as a launching pad, for a anti Ob rant. We see it all the time around here, done with little talent and no regard or attempt at a "tie in" to the subject at hand.

Thanks Michael... Haven't read it yet, but the comments are interestingly united when lucid. It makes sense we would be, as most of us here paid into this didn't we, and only feel "entitled" to what is rightly ours.

Ponzi scheme. It is not somewhat like one, or in some way like one. Saying it is, validates the use of the term to describe and discredit SS, which is the reason the term was used by Perry in the first place. The terms use only makes sense in terms of brainwashing the ignorant into letting Rebaggers steal if from them through privatization, or worse...if worse exists.

Penelope Ryan (178)
Monday September 12, 2011, 9:10 pm
If they would stop the wars and stop if congress would stop stealing money from Social Security funds there would be no problem. They have created the mess, taken care of themselves and now want to make the very people who have paid into SS keep paying for them and lose what we were paying for in the first place. Makes my head swirl like in the exorcist!! I think congress is the best example of what not to do.

Elle J. (276)
Tuesday September 13, 2011, 1:44 am
Noted! Rick Perry is so out of touch it is nonsensical. This is the man who cut the fire service 75% and now Texas has the worst forest fire in history. He is not qualified to criticize anything.

holly masih (74)
Tuesday September 13, 2011, 4:19 am
How can it be a pyramid scheme when we pay into it our entire lives?It's our money!.you pay into it ,and it's a scheme when we are old and in need ,and want to collect what we paid into all their lives.Whose money do they think it is?Is it going to take a revolution to turn this gov't around?

Mariette G. (170)
Tuesday September 13, 2011, 4:25 am
Noted. Thanks for posting Michael!

Lauren Weinstock (18)
Tuesday September 13, 2011, 9:10 am
Very explanatory article. Thank you. Tidbit to savor: My son, age 29, born with two lifelong disabilities, lives with me, and if it weren't for his monthly Soc. Security check I don't know how he'd carry on. That amount? $674/month. No cost of living increase for over 3 years, since hey the economy hasn't changed. Why can't I support him? I can't and it's too personal to write here. Only in California did the courts demand that both parents, despite divorce, continue to support adult child with disabilities, unable to support themselves.
My point: Social Security provides more than retirement safety net. STOP the liars from attempts to tear down a system that works. And if there's dire need for help, lets THINK our way out of this predicament.

Sir Walk F. (124)
Tuesday September 13, 2011, 10:23 am
Be VERY wary of the de-regulated world they are creating. Corporate Neo-Fuedalism. The relative prosperity of the Middle Class will be nothing but a rumor in a few generations.

Lyn Z. (294)
Tuesday September 13, 2011, 7:39 pm
Noted. Thanks Michael

Marty H. (119)
Wednesday September 14, 2011, 6:44 am
Short and to the point! Love it, thanks Michael! Noted.

KS Goh (0)
Saturday September 17, 2011, 2:29 am
Thanks for the article.

Mandi T. (441)
Saturday September 17, 2011, 10:58 am
TY Michael for posting.
I am on board with Armand, same and ditto!!

Lika S. (130)
Monday September 19, 2011, 1:21 am
The republicans just want to use Social Security as a scare tactic to use against the people.

Richelle R. (62)
Tuesday October 4, 2011, 5:14 pm
SSA needs to be protected! Thank you Michael

Rick Meyers (0)
Sunday October 23, 2011, 9:32 am
When my mother past I was 14. She worked all her life. I did not get a penny of her SS. There are millions that die after paying into SS and the gov keeps the money. After that I grew to know that the gov is full of it. So my first Job, I begin to save my own money taking out 50 to 100 dollars every check and putting it in to US Treasury Bills.

SS is being abuse and it's a major part of the system that encourages government corruption. I still wonder How is it that the representatives say that SS is running out. Fools i'd say..... fools. And some of us ask ourselves, why is the gov getting into my private life and abusing it. go figure.

Rick Meyers (0)
Sunday October 23, 2011, 9:33 am
When my mother past I was 14. She worked all her life. I did not get a penny of her SS. There are millions that die after paying into SS and the gov keeps the money. After that I grew to know that the gov is full of it. So my first Job, I begin to save my own money taking out 50 to 100 dollars every check and putting it in to US Treasury Bills.

SS is being abuse and it's a major part of the system that encourages government corruption. I still wonder How is it that the representatives say that SS is running out. Fools i'd say..... fools. And some of us ask ourselves, why is the gov getting into my private life and abusing it. go figure.

Michael Dewey (1034)
Sunday October 23, 2011, 12:23 pm
In this age of Fascism, its a real good thing to have Social Security as a safety-net.
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