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Faulking Opinions - Feb 19, 2005 - Printable Version
- Social Security: A Third Choice
by Deryl Bryant
For the first forty years of my life Democrats controlled Congress, and with a brief period of shared power, the Republicans now control virtually everything. Since its inception, Congress has tinkered with Social Security and has transformed it from a "supplemental income" to a "fixed income" retirement program, always with enforced, mandatory enrollment. The so-called trust fund, empty of money, is nothing more than a transfer agent taking money from active workers and giving it to retirees, while politicians skim off the rest of the money to finance political payoffs. The number of active workers supporting retirees has gone down from double digits to now only THREE workers per retiree. There seems to be only two options being considered in Congress and the White House to fix this obvious Ponzi scheme. The Democrats want to continue the same tinkering that has got us to where we are, maintaining mandatory enrollment, while the Republicans want to continue the status quo, except to allow part of our hard earned money to be stolen by the richest people in the world. Neither of these options are good for the people being forced to fund this debacle.
The Democrats prefer stealing workers' money the old fashioned way by forcing enrollment in a failed program that will further erode personal liberties. It will not take much longer before there is not enough money to steal and before workers begin to actively rebel against this blatant theft.
What the Republicans are trying to shove through Congress equates to nothing less than conspiratorial theft. Not only do the Republicans want mandatory enrollment and continue the Federal theft, they want to share the ill-gotten gains with the richest people in the world by "allowing" workers to invest a portion of their Social Security payments in particular stock market funds that are not safe from theft. As long as Congress CONTINUES to allow open robbery to take place in the stock market, stealing from retirement funds and other life savings of the poorest of investors, there will never be any security in our social retirement funds under the Republican plan.
On a daily basis, large hedge funds have been stealing TRILLIONS of dollars from investors all around the world. The New York Stock Exchange, NASDAQ, and the American Stock Exchange know these actions are illegal, but instead of turning the criminals over to the authorities, they take a share of the stolen money. To make matters worse, the authorities, the Securities Exchange Commission, Congress, and the White House, along with the Press, know these criminals and their accomplices have been stealing this money for OVER SEVENTY YEARS, and are virtually doing nothing to stop it.
The people controlling Wall Street are some of the richest people on this Earth, yet they are so greedy they would steal from the poorest citizen. Wall Street has the power to stop these crimes but they enjoy the hundreds of millions of dollars they get for their "cut" of the robbery. Their power is great, and obviously greater than that of Congress and the White House, unless of course, Congress and the White House are involved.
As long as our Federal Government continues to allow "naked shorting", which is clearly illegal, no investment in the stock market will have ANY security. If the SEC pardons all past crimes and continues to allow the same crimes, there will be no justice in our great country except for the most rich and powerful, and their political accomplices. Naked shorting is a complex operation, simply put, is nothing more than counterfeiting stock for the sole purpose to the steal the value of a company. That theft results in the loss of value in all types of retirement funds and now the Republicans want to help the robber barons steal more.
There should be a third option for Social Security. At fifty years of age, I have serious concerns that I will never see a dime of the thousands of dollars I have been forced to contribute into an empty retirement fund. A third option should first realize that this money initially belongs to me, the individual. This better option would allow me to determine how every penny of my retirement money would be invested and the Federal government would not be allowed to tax any of it. This better third option would relieve the government of being concerned about how to manipulate my money and allow authorities to focus on protecting me from criminals trying to steal my money and enforce the law, their job.
The best option for Social Security would be to get the Federal government out of the retirement fund business. They have done a terrible job. The Federal Government should leave my money alone and go catch crooks trying to steal my money, as those authorities are mandated. The very best thing I can hope for out of the Social Security trust fund, is OUT.
Deryl Bryant
Downsville, LA
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