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The Safety Net That Isn't

Irresponsible47Percenter Wrote: Jan 06, 2013 10:02 AM

The fact is that the economy hasn't been doing so good these last 4-5 years. Now all of you are whining like rich kids who have borrowed lots of Mommy and Daddy's money, and are afraid they may have to actually pay some of it back. From the point of view of the SS fund, it has invested it's money in U.S. Treasury Debt. If anything, te SS fund is MORE responsible than any other such investor, because it did not do so voluntarily, the rest of the Govt decided to do that.

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The Safety Net That Isn't

January 6, 2013

Congress has just raised payroll taxes. It has done it before, and will do it again.

Our august solons excuse themselves, however, by pleading that the 2 percentage point hike is merely the sunset of a tax holiday. And necessary to shore up a faltering system.

It’s not a triumph of responsibility, though.

What is responsibility? Every year the Social Security Administration sends out a helpful note to its “clients” about how much we’ve contributed in payroll taxes. The kindly bureaucrats also warn us not to...