We had someone criticizing Tim Wahlberg for his support of privatizing Social Security. I'm not wild about sending Tim back to Washington. He was ousted by our current representative Mark Schauer. Replacing a pack following Democrat with a pack following Republican doesn't sound like much of an improvement to me.
The following is my response to that letter to the editor. I'll link to that original letter once it is posted online.
Link to the original letter added above. I have no idea why it takes the CitPat so long to post letters that are in the same day's paper.
A word of advice to George Brown and others that believe that privatizing Social Security "threatens those benefits". You have been fooled by generations of politicians that promised you wealth later if you would trust them to transfer your wealth to retirees now.
That Ponzi scheme has finally reached the end. Social Security began life with over 30 workers providing benefits to one retiree. Generations of lying politicians have finally whittled us down to the point where we have less than 3 workers per retiree.
The money you "paid in" was spent. It is gone. Most of the money was spent funding someone else's retirement dreams. The rest of the money was spent; on the military, on welfare, on pork barrel projects, on the pockets of the well connected. Instead of being saved and invested, those surplus FICA taxes were wasted funding our behemoth federal government.
What did you get for your money? A promise to continue to strip wealth from our children and our grandchildren so that you could retire in style.
Like any other Ponzi scheme, Socialist inSecurity is about to coming crashing down because we can't find another generation that is willing to be suckered into the bottom of the pyramid.
The only hope we have left is to stop stealing from the young to pay for the old. We must restore our common American values of industry, thrift, and fair play. That means raising the wage cap on FICA taxes, means testing benefits, and allowing our children to put a portion of their FICA taxes in a private savings account.
Our money is safe only when it is locked safely away from the greedy, incompetent, and lying reprobates that we send to Washington D.C.