Do we really have a social security problem, or is this just another heist? | AccountingWEB

Do we really have a social security problem, or is this just another heist?

Former Senator and Member of Deficit Commission, Alan Simpson

Former Senator Alan Simpson, a former member of the Deficit Commission (the "Gang of Six"), referred to the federal government's $2.5 trillion debt to the Social Security trust fund for retiring Americans as "just a bunch of IOUs", indicating that he had no intention of honoring that debt obligation; however, he and other Republicans would never default on the IOUs to China, since that would cause a tsunami in the financial markets of Wall Streeters, the GOP's primary constituents.

Doesn't Simpson remind you of Ebenezer Scrooge?  Why haven't the ghosts of corporate politicians past relieved us of this soul yet?  Isn't there any justice in the cosmos?  Hey, Alan, you old cowboy from the West, didn't your Westerners used to hang cattle and horse rustlers?  What would they have done to anyone wanting to steal $2.5 trillion dollars?  Throw him a necktie party?

We don't have a social security problem.  And we do not have to steal the monies from social security and medicare in order to reduce the highest tax rate for the rich down to 25%, as Paul Ryan is proposing to do....

There's an easy fix to the social security problem, a result of our politicians having stolen its funds for endless tax breaks to the rich, TARP, needless wars to fill the coffers of defense contractors, subsidies to oil companies, estate tax reductions appealing to our aristocratic gentry, etc.  The fix is quick and painless to the middle class, the victims whose retirement savings are being robbed.

For more on the hoax about social security and the crime of the millenium, please read, Do we have a real social security problem? Or do we have a gang of thieves on the Deficit Commission!, and Robbing the middle class. Congress and Obama want to steal your retirement funds!

The Barefoot Accountant

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The Barefoot Accountant—is a Certified Public Accountant, Certified QuickBooks ProAdvisor,  operating an accounting, tax, and QuickBooks consulting firm in Berlin, Connecticut, Accountants CPA Hartford, Connecticut, LLC.  Bill has instructed graduate and undergraduate courses in Accounting, Auditing, and other subjects at the University of Hartford, Central Connecticut State University, Hartford State Technical College, and Purdue University. He also taught GMAT and CPA Exam Review Classes at the Stanley H. Kaplan Educational Center and at Person-Wolinsky, and is certified to teach trade-related subjects at Connecticut Vocational Technical Schools. His articles on tax and accounting have been published in several professional journals as well as on several accounting websites. William was born and raised in New Britain, Connecticut, and served on the City's Board of Finance and Taxation as well as its City Plan Commission.  Bill is a crazed animal lover, feeding birds, squirrels, chipmunks, skunks, possums, stray cats, and any two-legged or four-legged critter traversing through his yard.  His backyard in Berlin, Connecticut has been certified as a habitat suitable for wildlife by the National Wildlife Federation.

Bill also writes an Accounting, QuickBooks, and Tax blog:  Accounting, QuickBooks, and Taxes by the Barefoot Accountant.  For entertaining articles, please see his listing at The Amazing Brighenti.

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