Sunday, November 11, 2007

Squandered Revenue

In the midst of one of the greatest economic downturns the world has ever seen an American President looked forward and developed plans to bring America through the depression stronger than ever. In 1935, Congress enacted the Social Security Act. This act provided federal assistance to the elderly. Social Security taxes have been collected ever since. Each generation of workers paying for the elderly of the previous generation.

The baby boom generation started with babies born in 1946. This generation is now just entering minimum retirement age for drawing minimum social security benefits. They paid in a great deal of money and more than paid for the previous generation. There should have been a huge surplus in the social security barrel. Unfortunately, our politicians have squandered this away. Every administration has raided the social security trust fund in order to pay for pet projects.

We have all been told that entitlement programs will increasingly encompass a greater share of the federal budget. As the baby boomers start retiring in higher numbers the social security bank will be broken. We need to find an answer to this impending disaster.

The answer is not to further increase taxes. Senator Barack Obama has proposed raising social security taxes as the fix. All this will do is provide more money for the Washington politicians to squander. They will not leave the money in the trust fund. Rather they will continually fund other projects and run up American debt. Americans have been told we are mortgaging our children's future. Unfortunately, not only are we mortgaging their future we are providing a disservice to those that have already sacrificed for America. Our elderly will not be able to receive the benefits that our government has said they are entitled to.

One way to fix social security is to allow some privatization. Allowing the social security trust fund to be invested in private companies and corporations is a must at this point. There is no lock box that is safe from the criminals in Washington that have stolen revenue that our aging population is entitled to. What the government did to Social Security is no different that what ENRON did to its employees. ENRON promised a retirement for employees. The stock was riding high until the bubble burst. Now former employees that gave their entire life to ENRON will have no retirement benefits. Our government will not be able to provide retirement assistance for our elderly either. We need forward thinkers to resolve the social security fiasco. We do not need more career "in the box" politicians taking more of our hard earned money. They have already proven to be irresponsible with our money. We need to elect a new breed of people into office. We need real Americans that understand the needs and desires of real Americans. Today's politicians only pay lip service to working Americans and have no new ideas. We need a "new deal" period in American politics. We need revolutionary leaders that are willing to address the problems facing America. Our politicians do nothing to change the direction of America. We elect house members every two years along with 33 Senators. After the election Congress starts running for reelection. This new Congress started running for the 2008 election as soon as they were sworn in.

Now we have a Congress that has not passed one appropriations bill for the 2008 fiscal year. All of the bills are sitting in committees and we are 42 days into the fiscal year. Our Congress can't pass the bills we pay them to pass and yet they can dream up news ways to raise taxes and squander it away. We all need to stand up and make our voices heard. Throw the yoke of the two party system and elect real people that will accomplish the business of the people. We can not allow "in the box" thinkers to continually raise taxes. We give the Federal Government more than enough. It is time they live within a budget just like the rest of Americans.

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