Category Archives: Social Security

Dear Mr. and Mrs. Democrat…

Posted by on 10/30/2009 1 comment

 …Thanks so much for reforming the health care system that will cover 94% of the population up from the 88%-90% legal population that are anyway covered.

… Thanks for coming up with a plan that will be “self-sustaining” and “deficit neutral” just as social security was supposed to be.

Now let me ask you a few questions, Mr. and Mrs. Democrat:

… The government will increase taxes as early as next year, to cover this HCR bill. Will the government “borrow” all that money to cover other expanses just as it did from Social Security? Or will the money really be available when the benefit portion of the HCR plan kicks in three-four years from today?

… I am sure you are aware of the Thompson Retuers analysis that because doctors fear being sued, they over-subscribe medications and run extra tests, at a wasted annual cost of up to $300 billion, or as CNN reported back in August, the over-testing costs annually above $200 billion. Don’t you think it’s time to curtail frivolous lawsuits and the hefty portions that attorneys bite out from their poor clients, rather than taxing the “runaway” profit margins of health insurance companies who earn on their money less than what you earn on your Vanguard investments?

… Waste and fraud, including the waste and fraud that drips through the government-run Medicare, costs annually up to $200 billion. Don’t you think cutting back fraud is a good way to “raise” money for our health care system?

… Don’t you think you should first show that the already-existing public options such as Medicare, Medicaid, and the Veterans Affairs hospitals can be more efficient and at a better cost before you will dump millions of young-to-middle age Americans into the same hell-hole as seniors and veterans are placed?

… A lot Doctors don’t want to accept new Medicare patients because the government pays doctors less than what you think regular Union workers deserve. Based on this, how many Doctors, do you think, will want to serve the millions on the Public Options that will reimburse doctors on Medicare-levels or even worse?

… Can you please let me keep some of my income money, in addition giving a tax deduction to people for every dime they might spend on Medical/Dental/vision costs?

… I don’t have Health Insurance. Do you think that if I can afford an “extra” $900 per family member for health insurance, I will rather give you the money in form of a fine for not buying health insurance in the first place?

… One more thing, Mr. Democrat. To cover the cost of living increases, you give yourself every year an increase of a few percent to your three-digit salary. When will you start giving us all a yearly tax cut to reflect our cost of living increases?

Now THIS is Funny

Posted by on 09/30/2009 1 comment

No, what I am writing now is not satire, but a report I saw two days ago – which is still relevant as long you don’t have your own retirement account – was indeed funny.

The AP report of Monday September 27, reads as follows: “Big job losses and a spike in early retirement claims from laid-off seniors will force Social Security to pay out more in benefits than it collects in taxes the next two years… The deficits — $10 billion in 2010 and $9 billion in 2011 — won’t affect payments to retirees because Social Security has accumulated surpluses from previous years totaling $2.5 trillion. But they will add to the overall federal deficit.”

What? If SS has a surplus of 2.5 trillion bucks, why will “borrowing” $19 billion add to the overall federal deficit? Ah ha. You got it: the $2.5 trillion “surplus” exists only on paper, because the federal government has through the years spent all this money, therefore now when SS is running short, the government needs to borrow this money.

To understand it better, imagine this: you place into your emergency/retirement fund $5,000 every year starting at age 25 all through age forty when you were out of work for a half year due to a health issue, and therefore used some money from your emergency fund to get by the month. When returning to work, you continue placing your annual $5,000, but in the same time you “borrow” out every year a few thousand dollars to cover overall expenses, but being faithful to your retirement plan, you leave a note in the fund that “I own my fund $3,000, $6,000” and so on.

At age 65 when retiring, you will find yourself with just a few thousand dollars in your fund, and a bundle of papers written by you that you own this fund $70,000. Of course your “surplus” of all these years that you didn’t use (just “borrowed”), doesn’t serve you a day because it is gone. Instead you have to borrow money to cover your retirement.

This is basically the case with social security. So… it IS funny that instead of rioting in the streets and throwing out our political leaders due to this scam, all of us still pay into this already-bankrupted system, and many of us don’t even have serious retirement plans because we think we have “some” sort of net when turning 65 called social security.

What a damn joke.