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Friday, Sep 19, 2014
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PRAIRIE GROUCH  
GRAND PRAIRIE TX  
August 12, 2012 4:25pm
 
One Voice....I have no idea when you began drawing
Social Security but in my case, I have already drawn
about fourteen times what I personally contributed.
When you factored in the amount that my employer
contributed, I have drawn about seven times the
amount invested. One should always bear in mind that
the government forced the employer to contribute.
In short, it robbed one citizen to pay another.
Persons just entering the Social Security paid reduced
payroll taxes compared to today's rates for approximately half of their working
careers. The current rate of .0765 became effective
in 1990 and has remained static since. Those that
began their work careers in or near 1990 will probably pay more into the system than they receive. Guess who
gets the surplus. It's people that are current on the
social security rolls. The disability trust fund is due
to run of surplus funds in the next presidential term.
Benefits will have to be reduced about 21 percent or
taxes will have to be raised. I have no problem with
the concept of social security but my concern is about
the previous unfunded status of the program. The
majority of people (including me) did not contribute
enough to fully fund their benefits. It is what it is.
If the Tea Party is not serious about curtailing
entitlements, then they are just ejecting warm water
into the wind. In closing, I will say that a squirrel
has enough brains to store nuts for the winter.
     
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