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Rick Perry Was Correct

Michael2944 Wrote: Apr 26, 2012 5:51 PM
Get a clue. Perry was correct - the present retires have SS because current workers pay into the system. As more people retire and draw SS, and as there are fewer current workers paying into the system, then either tax rates go up on the workers, or benefits are reduced to the retirees. Besides - don't focus on just Perry - recall that the author - Judge Napolitano is DEFENDING Perry's statement - and he spells out a number of reasons - and I didn't see you refute any of those reasons!!
Roy323 Wrote: Apr 27, 2012 2:44 AM
I suspect the lack of rebuttal is two-fold: Many of us (Myself) did NOT know at least a couple of the Facts disclosed by *the Judge* and I, at least, as a "Double Dipper" paid SS Almost from day one of my Military service but find my SS/Federal Retirements Offset and reduced substantially. Is this FAIR? I dunno, I just live with the Laws.. All I know for SURE is the Feds will mess with Military retirement, Deployments etc until CONSCRIPTION will again be required! That act will "put the icing on the proverbial CAKE"
When Texas Gov. Rick Perry, then in the early stages of his short-lived quest for the Republican presidential nomination, referred to Social Security as "a Ponzi scheme," he was excoriated by the press, left and right, and by his fellow Republicans, as well. Earlier this week, government actuaries revealed that Perry was correct.

That revelation, which was greeted with a ho-hum by the media, basically announced that by 2033, 21 years from now, the so-called Social Security trust fund will be empty. The only reason this was even announced is because we are approaching a presidential election campaign, and...

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