How To Save Social Security…From Our Political Rhetoric

By Tadashi

Social Security is currently a red hot political football. If you pause and reflect on the rhetoric, you will note most politicians use Social Security as a sounding board for their, often, hidden agenda. For example, the colorful (former) presidential candidate, Rick Perry, stated boldly “Social Security is a Ponzi scheme and certainly no illegal alien deserves a penny from Social Security” With a wry smile he exposes his Colt 45 pistol discreetly concealed under his suit jacket with the yellow NRA logo embossed on his black leather holster. Of course, his hidden agenda is, “My NRA lobbyist wants to create a wedge issue to promote the NRA’s political agenda.”

The NoLobbyMoney.com candidate, Jerry Sakura, CD3, has a practical, down to earth solution.
His Save Social Security plan has two parts.

1. Every American who has worked during his life has paid into the “lock box” of Social Security. Unfortunately there are a decreasing number of workers, in part, due to the remarkable efficiency of the computer/robotic age. In addition, seniors are living longer. At the time of our birth, the insurance industry calculated our average length of life. For example if you were born in 1940 it was predicted that you would live to 70 years of age. Medical advances have vastly improved on this age. Therefore the plan would pay all seniors to their original actuarial age. Thereafter a means test would apply.

2. Sakura went on to provide an example of the means test saying: “Take my three brothers, who were fortunate enough to become doctors and are now retired. They take their monthly social security check, throw it into a desk drawer and six months later exclaim, “Oh I have enough for another luxury cruise. My wife and I have been on seven cruises since retirement, but I’ve heard that the grand tour of European and Near East Cities is excellent. I think I will advise my wife to book the cruise.”

Social Security is designed as a safety net and if someone makes one million dollars a year in retirement this safety net is not needed for this individual.

2 Responses to "How To Save Social Security…From Our Political Rhetoric"

  1. Gregory Hughes   May 9, 2012 at 5:23 pm

    First off this article says nothing about how to save social security. Second, social security IS a ponzi scheme. Doing a little search of the history of social security finds these 2 little tid-bits of information (http://en.wikipedia.org/wiki/History_of_Social_Security_in_the_United_States) 1) “The first reported Social Security payment was to Ernest Ackerman, a Cleveland motorman who retired only one day after Social Security began. Five cents were withheld from his pay during that period, and he received a lump-sum payout of seventeen cents from Social Security.” One day after paying five cents into the program he got seventeen cents back? I wish I had that interest rate on my savings account! 2) “The first monthly payment was issued on January 31, 1940 to Ida May Fuller of Ludlow, Vermont. In 1937, 1938 and 1939 she paid a total of $24.75 into the Social Security System. Her first check was for $22.54. After her second check, Fuller already had received more than she contributed over the three-year period. She lived to be 100 and collected a total of $22,888.92.” She paid $24.75 into the program and got back $22,888.92? Now I know why the elderly are clammoring about their social security! If I could see that kind of money in that kind of investment, I would want the federal government to “help” me too. The problem is we have lost our own personal responsibility. We rely on the government to take care of us. When we hear the elderly cry about “their” money it isn’t about their money. It is about the money they put in, and the money(see above examples) I am putting in going to them. And the federal government scamming us all.

    Reply
    • jd   May 11, 2012 at 9:41 pm

      your a dick! personal responsibility are you kidding me the monopoly health care system going up 20 percent a year energy prices soaring food prices going up people like you need to wake up! someday you or your family might need health care for a $900,000 operation and your on the hook for half the we will see about your personal responsibility

      Reply

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