Earlier this week, Congressman Ron Paul sent a letter to all Members of Congress asking them to support his legislation HR 219 The Social Security Preservation Act, which simply states that all monies raised by the Social Security Trust Fund will be used only in payments to beneficiaries or invested in interest-bearing certificates of deposit.
“This year the Social Security trust fund will pay out more in benefits than it takes in in taxes, is only 5 years away from being permanently in the red, and will be totally bankrupt by 2037,” Congressman Paul states.
The letter goes on to point out that despite Social Security’s pending financial crises, big-spending politicians continue raiding the Social Security trust fund to hide the true size of the federal deficit while they create new spending programs at the expense of America’s seniors and taxpayers.
“Whatever long-term Social Security plan you favor, I hope you agree the first step in treatment is to stop the bleeding,” Paul concludes.
HR 219 was introduced in January of this year, has been referred to the Committee on Ways and Means, and currently has 14 cosponsors.
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HR 219 is a great move in the right direction. Next let’s have the Government start paying back the $2.5 trillion borrowed from the SS fund since 1984. The Medicaid fund needs checks and balances. This fund is breaking the SS system. Take notice, Medicaid is rarely mentioned. Now Pres. Obama and his team are trying to add another 30,000,000 people to this program. The benefits for Medicaid are better than Medicare yet they want to remove more medicare benefits in the interest of medicaid. The people on medicare earned the right by paying into the SS system for all their career. The Medicaid mostly earned the benefits by being irresponsible, becoming resident aliens, being untruthful about their situation, and the worst part, they get away with it. In addition to poor fund management, this system is taking care of the non-producers in our society. This country owes the benefits to the producers that made the SS system possible. The non-producers, irresponsible, shiftless & lazy and illegals have earned very little by supporting the SS system yet through politics they are the largest contributor to breaking the system
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I aplaud you Ron Paul and other political representive Congress , Senate or other wise. Tim Geithner is just another one protecting the devil in the details. Take that little bull by the horns and you know what to do. Take back our constitution article #1 sec.#8 first amendment states: Congress shall have the right to coin , create the value of the dollar thereof; get rid of the federal reserve corp. and bring back the almost exstint department of weights and measures created from the coinage act of 1792 and manufacture our dollar and coins then distibute it interest & debt free again.
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