Thursday, February 17, 2005

How Social Security works

Budgets are a good thing. I am not under legal obligation to use one and that often leads to trouble. Our Government is required to spend every dime it recieves in that year. They always spend it which is why no one gets a rebate for too much tax paid year. Social Security must follow the same rules. There is no lock box trust fund. I don't know who started that myth. I lose huge amounts of money to those people who retire and accept government money. I have no choice. I did not sign up for this program. It is not charity. It is sanctioned theft. Legal Plunder.

I do not wish to pay into Medicare and Social Security. There is no form to allow me to opt out and nothing on my tax return to allow me to claim any excemptions. (I paid very little in taxes this year BTW and I am grateful for that. The tax revolt is cancelled until next year) In 2011 Social Security will break even. That point is just 6 years away by current estimates. And then it is all downhill. They have to use up the so-called IOUs. That "money" will evaporate in no time. Long before I reach 65 there will be nothing left but debt, debt, taxes and debt. I don't want any part of it. I promise now that any government money I recieve for "retirement benefits" I will sign over to my kids as an apology for not having rid the country of that tyrannical system.

Socialism cannot offer Security

1 comment:

  1. Anonymous9:14 AM

    I am all for an opt out plan for both social security and medicare.

    -Mel

    ReplyDelete