Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Social Security Rant > NetSparsh - Viral Content you Love & Share

Social Security Rant

As the Baby Boomer Generation continue to get older, one of the hot topics will continue to be Social Security. Critics claim that Social Security is going bankrupt, and that it needs to be privatized as soon as possible, or people will lose their benefits. This rant examines if Social Security needs to be privatized, and if it is actually going broke.

Thanks to various search engines, and thanks to the Information Superhighway, there is much data to suggest that Social Security-even at the going rate-will be able to pay full benefits at least until 2032, and some research indicates it could survive as long as 2042. Also, seventy-five percent of Social Security funding comes from the payroll tax, which guarantees that Social Security will never go broke. The trick is-in about thirty or forty years, to come up with a system to make up the other twenty-five percent. Those who like to crunch numbers, and those who are familiar with the mathematical formula claim that a raise in the payroll tax by two percent-one percent by the employer, and one percent by the employee, will guarantee the survival of Social Security until the Second Coming. Analysts like to stress the fact that a tax increase-no matter how meager it may or may not be, is not the only solution. With the advancement of technology and medical science, people are living longer than they ever have before. Also, various amounts of disease have been quelled. About ninety years ago, the number one killer in the world was Spanish Influenza. Today, the flu is no longer a serious threat. Also, polio used to be a scourge on society, but these days, that disease has been virtually eradicated off the face of the planet. Thus, it makes sense that the retirement age will-and should-be raised to about 70. Actually, seventy years of age is not old. In fact, it is about the average age, in this country, and well below the average in many industrialized nations in the world.

Of course claiming that Social Security is under-funded is not telling the whole story. Let us look at the facts. So far, on this war on terror, the United States has spent over 300 billion dollars. If that amount is divided by the present population, that equals to about a thousand dollars for every man, woman, and child in the country. Also, do not forget about the hundreds of millions of dollars that "loaned" to other countries in the world. Instead of saying, "Social Security is going broke because of the population", the correct statement should be, "the president believes that there are more important things to spend money on rather than insuring that benefits will be around for years to come."

Whenever Social Security Reform is mentioned, there are always a select few that love to clamor that the system should be privatized. Statistically we know that people spend more than they save. If Social Security should be privatized, what about the millions of people that do not have a bank account? Should those people automatically receive an account? And who is going to make sure that these people get an account--the federal government? That would defeat the purpose of privatizing Social Security in the first place. It's kind of like saying, "let's fix our brakes so we can take the car to the mechanic so he can fix the brakes."

I could do a lot of research and list a lot of data and list a lot of references, or I could use history and common sense to prove that Social Security should never be put in the hands of a private institution. It is certainly true that there have been many government scandals that have cost the taxpayer billions throughout the history of this country. The failure of the Savings and Loans is one example, and the list is quite lengthy. Also, there have been many scandals in the private realm that has wiped out the life savings of countless people. Enron is just one example in a list that I am sure is exhaustive. Thus, the conclusion is that history shows that it government bureaucracy is safer than the private realm, thus leave Social Security alone.

I love debating history and politics. I have two college degrees in those fields. I am glad I have a chance to share some of my thoughts with the rest of the world. Please visit my site today.

In The News:

Vanity Fair

Politics shoved aside as 5 former US presidents unite for hurricane relief concert
ABC News
President Donald Trump, in his notable absence, praised the five former U.S. presidents who spearheaded a hurricane relief concert in a Texas college town Saturday night in a video played at the event.
See Five Former Presidents Put Aside Politics for Hurricane ReliefVanity Fair
5 ex-presidents attend hurricane relief concert; Trump appears in video messageCNN

all 357 news articles »

Impact Ohio to hold conference on policy, politics that are important to Akron region
Akron Beacon Journal
AKRON: Impact Ohio will hold a regional conference to explore policy and politics that are important to the region from 8 a.m. to 1:30 p.m. Thursday at Quaker Station, 135 S. Broadway. The agenda for the day includes panel discussions about politics ...


The week in politics
The disputed contents of President Trump's military condolence call to Johnson's widow have sparked a political feud. Wilson said that Trump told Myeshia Johnson that her husband knew what he signed up for, but I guess it still hurts." Trump denied ...
Gold Star families say they want to move past politicsThe Boston Globe
Trump and the new politics of honoring war deadPBS NewsHour
Listen: Soldier's widow shares her call with TrumpWashington Post

all 285 news articles »

Los Angeles Times

California Politics Podcast: What happens next in Sacramento's discussion of sexual harassment is important
Los Angeles Times
Beyond the initial shock of sexual harassment stories told by women working in California politics is a big, challenging question: What happens next? On this week's California Politics Podcast, we discuss the allegations that have emerged from an open ...

City Journal

The Identity-Politics Death Grip
City Journal
Normal politics—liberal politics, classically understood—involves speech, argument, and persuasion, followed by voting on ideas or proposals that can be overturned in the next election cycle. Normal politics presumes that we can rise far enough above ...

Violence, "old boys' clubs" put women off life in politics but at what cost?
LONDON (Thomson Reuters Foundation) - Faced with escalating violence, a lack of funding, and locked out of male-dominated networks, many women are reluctant to enter politics with growing concerns that a drive to get women into power globally is ...

and more »

New York Times

Political Guardrails Gone, a President's Somber Duty Skids Into Spectacle
New York Times
WASHINGTON — Blame it on these bitter political times. The feud over President Trump's call to the widow of a fallen soldier might never have escalated had Mr. Trump done what any of his predecessors almost certainly would have done: quickly apologize ...
The Atlantic Politics & Policy Daily: White House Defends Kelly's DefenseThe Atlantic
Rep. Frederica Wilson hits back at Trump: Niger is his Benghazi ...CNN

all 764 news articles »

Hurricane relief concert: All 5 living ex-presidents put politics aside, call for unity
AUSTIN, Texas -- The five living former presidents put aside politics and appeared together for the first time since 2013 at a concert on Saturday to raise money for victims of devastating hurricanes in Texas, Florida, Louisiana, Puerto Rico and the U ...

and more »

Los Angeles Times

Political Road Map: It's hard for Republicans to win statewide in California if they don't have candidates
Los Angeles Times
When the votes were tallied in California's 2014 primary, the political world buzzed that a Republican was the top vote-getter in the race for state controller. That kind of support hadn't been seen in a statewide race since 2006. Fast forward to four ...
Steve Bannon recaptures Breitbart News as part of political operationUSA TODAY
The politics of your clothesCenter for Responsive Politics
Steve Bannon Vows 'War' on His Own Party. It Didn't Work So Well for FDRNew York Times

all 134 news articles »

Gotham Gazette

The Week Ahead in New York Politics, October 23
Gotham Gazette
It's City Hall in Your Borough week in Brooklyn. While we don't have a full rundown of events, we know that Mayor Bill de Blasio and much of his team will operate out of Brooklyn Borough Hall; they will hold a resource fair and constituent services ...

and more »
Google News

The Fed and Other Garbage

"The Jesuit priest John H. Surratt, proven to be the... Read More

A Look Ahead to 2008 (Part II)

Last week, I began my look ahead to the 2008... Read More

The True Power of Terrorism

Those of us hundreds of miles from ground zero sat... Read More

High Speed Trains and The Future of Transportation

Where are all the high-speed trains we were promised? Where... Read More

Government Workers and Lawyers Revolving Door Rule Needed

We need more oversight and transparency in government. We need... Read More

Watergate Scandal

On June 16, 1972, a security guard at the Watergate... Read More

Technology and International Terrorism

Airlines do not allow cell phones on board, but they... Read More

The Unborn and Cloning

The UnbornWith all this cloning in the news one can't... Read More

Government Backed Fraud in Academia

Contrary to the Hobbesian prediction of anarchy (freedom) and brutish... Read More

Feeling Squeezed by Political Correctness

I'm starting to feel squeezed by all the political correctness... Read More

TSA Missteps at Our Airports

The TSA seems to have completely missed the ball at... Read More

Eminent Domain Suggested as Cost Saving Measure in DC

Washington DC council member David Catania actually suggested that the... Read More

Government Overregulation of Broadcast Content Could Backfire

Rush is right! The government's stepped up bid to regulate... Read More

Monsanto Terminator Seeds

How do you feel about Terminator Seeds from Monsanto? I... Read More

What Is The Filibuster All About?

The filibuster has been a tool available to U.S. Senators... Read More

Public Schools Are Un-American

Compulsory-attendance laws force parents to send their children to public... Read More

US Government Sore Losers in Not So Neighborly Dispute

I'm getting a little tired of being lectured by that... Read More

Iranian Elections - Roadmap To Continued Apathy

The recent first round of the Iranian elections somewhat resembled... Read More

All There is, is dust in the wind; Dust Particulate Traveling The Globe

Dust from Deserts and Particulate ControlThe greatest contributor to particulate... Read More

Let me throw out a random thought on Homeland Security Leadership Structure

Streamlining Homeland Security with a Free market flair? An idea... Read More

NASCAR to be Shut Down by FTC?

The Federal Trade Commission has very important Anti-trust Laws. They... Read More

Thinking on Energy

Regarding the de-regulation of energy, this is not such a... Read More

Jobs and the Flow of Fuel

We see today a fierce unspoken competition between trucks and... Read More

Great Melting Pot Indeed

An interesting conversation that I thought I must share with... Read More

There Ought to Be a Law

The 'Land of the Free' is teaming with individual rights... Read More