Don't look now. But even as the bank bailout is winding down, another huge bailout is starting, this time for the Social Security system.
A report from the Congressional Budget Office shows that for the first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits.
Instead of helping to finance the rest of the government, as it has done for decades, our nation's biggest social program needs help from the Treasury to keep benefit checks from bouncing -- in other words, a taxpayer bailout. More here:
Yes, for decades the congress has squandered our social security money instead of investing it. They spent it with abandon. They used that money for anything they damn well pleased. WOE!! WHO COULD HAVE GUESSED THEY WOULD DO THAT? They stole your money for your whole life and NOW where is it? Where would it be if they had let you invest it?
A while back I figured out that an average person would have had about $650,000 in the bank if he had invested (at a modest 8% return) the same money the government stole out of his paycheck. As it is, you retire at 67 and they want to give you about $18,000 a year. AND, when you die, you can't leave the rest to your wife/children. GREAT FUCKING PLAN, COMMUNIST JACKASSES!!

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