The Space Coast Republican

The Space Coast Republican
Space Coast Repbulican

Thursday, December 31, 2009

Welcome

This is your space to post remarks, advice or to just vent.

Please be cordial and make your remarks mean something.

3 comments:

  1. Jim Greer was not the problem in the local executive committee, our leadership is. It's time for him to take Jim Greer's lead and step aside allowing those who really care about the county to move forward. Jason Steele needs to resign and let a real local advocate take control and move this party forward. We have taken giant steps backwards since he's been chair

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  2. Social Security:
    It never fails to happen. When Washington comes up short, they attempt to rob what they consider their "slush" fund, Social Security. NOT this time. Any elected official, whether Democrat, Independent, Tea Party, or Republican that votes to cut Social Security will NOT get my vote.

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  3. Every day it seems as though a federal government spokesperson or politician refers to the Social Security program as an entitlement program that we can no longer afford. They frequently cite projections such as the average person will be paid over $400,000 if they live to age 85 compared to the $150,000 of “contributions”. By doing so, the government is trying to characterize this program as a "give away" program. I, and my employer, began paying premiums into this fund in 1962. For that year, my total annual payment was $70 on income of $1,120 and my annual benefit payment when I retired in 2010 totaled $22,908. However, the funds that I entrusted to the Social Security Fund were supposed to earn interest equal to the market rate on U.S. Treasury bonds. If that had occurred then the $70 I paid in 1962 would have grown to a value of $1,773 by 2010. In fact, the value of my premium payments from 1962 to 2009 should have grown to a value of $810,441 as of the date of my retirement compared to estimated future benefit payments of $615,547. So what happened to my portion of the trust fund?

    George W. Bush answered this question the week after his February 2005 State of the Union address: "Some in our country think that Social Security is a trust fund -- in other words, there's a pile of money being accumulated. That's just simply not true. The money -- payroll taxes going into the Social Security are spent. They're spent on benefits and they're spent on government programs. There is no trust." In other words, the politicians took our Social Security premium payments and spent them on their projects. Now they're trying to claim that we didn't contribute enough to make the fund solvent. From my perspective, this is a debt that the Social Security Trust Fund owes to me and should be available for my retirement needs. I think we need to begin on the road to fiscal sanity by challenging the politicians to stop referring to social security as an entitlement program and have them own up to the fact that our trust funds have been violated. It doesn't take a great leap of logic to realize that the politicians and the federal government employees have taken our social security trust fund monies and used them to fund their own retirement and health care programs. We simply want them to give us our money back. One way to do that is to eliminate the federal pension and healthcare plans and have them join the rest of us. We could then use the savings to restore our stolen trust funds.

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