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Obama´s Social Security Games
Make Case For Private Pensions

Investor´s Business Daily, by Editorial

Original Article

Posted By:PageTurner, 1/16/2013 10:34:02 AM

Politics: President Obama threatened Social Security checks would be delayed if Congress didn´t play ball on the debt ceiling. Once again, he turned pensions into a political football. There are ways to stop this. Americans should know: Social Security payments won´t be affected by debt-ceiling talks, and Obama knows it. Still, it´s not as if the Social Security system is healthy. In a Page 1 story Monday, IBD´s Jed Graham reported that 2013 marks the first year new Social Security retirees will outlive the trust fund. Their benefits will be slashed 25% as the system goes bust in 2033.

Comments:
Obama uses Social Security as his personal political football. No wonder he hates privatization.

      


Post Reply  

Reply 1 - Posted by: Cleanhousein2012, 1/16/2013 10:47:54 AM     (No. 9119826)

The repubs, if there were a strategist or spine among them, would pass a coninuong resolution for defense and social security, and shut the rest of the government down. Make the Senate and Zippy say no. Then, each day the government is shut down one day of spending is deducted from the pending level for the government next year.


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Reply 2 - Posted by: mickturn, 1/16/2013 11:33:59 AM     (No. 9119955)

Just pay me back the $794,000 in my trust fund before you crash it...Oh, Wait, there IS NO trust fund and the system is already bankrupt. I guess I´ll have to get it from the thieves that stole it!

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Reply 3 - Posted by: Hammock, 1/16/2013 1:53:29 PM     (No. 9120346)

The looters are looting private pensions too - through interest rate suppression and money printing. For the future, value of private pensions will sink along with the currency; and a mention that private pensions are sitting right there, available to be further looted by desperate politicians.

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Reply 4 - Posted by: 3XALADY, 1/16/2013 2:47:21 PM     (No. 9120467)

Sure, let´s do private pensions. My 401K lost 40% of its value in August of 2008 IIRC. Every month that Bernanke adds $80 BILLION to the money supply, I lose some more. And if that´s not enough, waiting for Zippy and his gooberment to take it over and tell me what they are going to give me to live on. In January 2009 I saw the first article about 401K´s being taken over by the government. Trillion$ on deposit and they libs just can´t stand it. They want to play that ´fair share´ game but not with the po folks. They want it for THEM. Yep, let´s do some more private pensions.

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