Sanders and Warren-Cuba, Venezuela and Hong Cong

[Ray9]

When I first signed on for membership in the Steelworker’s Union in 1968, I had no idea that I would last 20 years and qualify for the pension I now receive every month from the Steelworker’s Pension Trust. I had issues with the union and did not always agree with the politics supported by union leadership but that check comes every month and unlike Social Security, it is backed by something tangible. I also get a pension from the company I retired from just few years ago with about 30 years of service.

Both of those pensions are backed by something far more substantial than the Social Security check I get for the fifty plus years I spent in the workforce as a blue collar American. Anyone who collects Social Security today needs to understand that the American Social Security system has been ransacked more than the pyramids or the Library of Alexandria right from the beginning.

Even discounting all the massive surplus thefts that occurred for decades after Social Security was introduced in 1935, most do not recall that a payroll tax hike in 1983 produced a 2.7 trillion-dollar surplus. That’s $2.7,000,000,000. Most blue-collar Americans or Americans of any stripe would be unable to wrap their heads around how much money that is. Where is that money now? We’ll see that money on the same day they unlock Fort Knox and show us the gold.

Think of it this way: A local city council puts away annual funding for snow removal. After a few mild winters that funding grows to a surplus. Then local bureaucrats begin salivating at the prospect of using that surplus for other things. Soon it is all gone but they issue assurances that it will be replaced. Those assurances are backed only by future taxation on other people. It’s not much different than a phony winning lottery ticket-only no one is held responsible for the fraud and you have no choice but to trust it.

Do you see Bernie Sanders or Elizabeth Warren demanding that the Feds put that money back? You won’t because you are old, weak, sick, bind and probably voted for Trump. Did you know that a landmark case in 1960 decided that you don’t even have a legal right to Social Security? Sanders and Warren hitch their wagons to a horse that leads to Cuba, Venezuela and Hong Cong.

 

[occupied]

Shut the hell up. Solvent retirement pension funds are as rare as hen's teeth and have been for a while. Wall Street looted them as surely as any politician ever tried to sabotage SS into insolvency.

 

[CrusaderFrank]

When I first signed on for membership in the Steelworker’s Union in 1968, I had no idea that I would last 20 years and qualify for the pension I now receive every month from the Steelworker’s Pension Trust. I had issues with the union and did not always agree with the politics supported by union leadership but that check comes every month and unlike Social Security, it is backed by something tangible. I also get a pension from the company I retired from just few years ago with about 30 years of service.

Both of those pensions are backed by something far more substantial than the Social Security check I get for the fifty plus years I spent in the workforce as a blue collar American. Anyone who collects Social Security today needs to understand that the American Social Security system has been ransacked more than the pyramids or the Library of Alexandria right from the beginning.

Even discounting all the massive surplus thefts that occurred for decades after Social Security was introduced in 1935, most do not recall that a payroll tax hike in 1983 produced a 2.7 trillion-dollar surplus. That’s $2.7,000,000,000. Most blue-collar Americans or Americans of any stripe would be unable to wrap their heads around how much money that is. Where is that money now? We’ll see that money on the same day they unlock Fort Knox and show us the gold.

Think of it this way: A local city council puts away annual funding for snow removal. After a few mild winters that funding grows to a surplus. Then local bureaucrats begin salivating at the prospect of using that surplus for other things. Soon it is all gone but they issue assurances that it will be replaced. Those assurances are backed only by future taxation on other people. It’s not much different than a phony winning lottery ticket-only no one is held responsible for the fraud and you have no choice but to trust it.

Do you see Bernie Sanders or Elizabeth Warren demanding that the Feds put that money back? You won’t because you are old, weak, sick, bind and probably voted for Trump. Did you know that a landmark case in 1960 decided that you don’t even have a legal right to Social Security? Sanders and Warren hitch their wagons to a horse that leads to Cuba, Venezuela and Hong Cong.

The Social Security Fund should be invested in US Equities S&P 500. End of story

 

[Ray9]

If you are retired now and you are not paying attention you will be in for a surprise when Gen X starts retiring. All the money that was in the SS trust fund was stolen and used to fund wars and provide tax breaks for corporations. You'd better be prepared to go back to work in your 80's if you stay healthy.

Of course if you are not healthy you will be swallowing your face in a nursing home because your kids have been trained that you are the problem not the government that took all the money.

If you just stay quite and hope for the best maybe death is your best option.

 

[Ray9]

If you have money salted away in a 401k it will deducted from your Social Security until it's gone. That's one thing that's coming. If you have other pensions they will be deducted as well. The money is all gone. They stole it.

 

[jasonnfree]

When I first signed on for membership in the Steelworker’s Union in 1968, I had no idea that I would last 20 years and qualify for the pension I now receive every month from the Steelworker’s Pension Trust. I had issues with the union and did not always agree with the politics supported by union leadership but that check comes every month and unlike Social Security, it is backed by something tangible. I also get a pension from the company I retired from just few years ago with about 30 years of service.

Both of those pensions are backed by something far more substantial than the Social Security check I get for the fifty plus years I spent in the workforce as a blue collar American. Anyone who collects Social Security today needs to understand that the American Social Security system has been ransacked more than the pyramids or the Library of Alexandria right from the beginning.

Even discounting all the massive surplus thefts that occurred for decades after Social Security was introduced in 1935, most do not recall that a payroll tax hike in 1983 produced a 2.7 trillion-dollar surplus. That’s $2.7,000,000,000. Most blue-collar Americans or Americans of any stripe would be unable to wrap their heads around how much money that is. Where is that money now? We’ll see that money on the same day they unlock Fort Knox and show us the gold.

Think of it this way: A local city council puts away annual funding for snow removal. After a few mild winters that funding grows to a surplus. Then local bureaucrats begin salivating at the prospect of using that surplus for other things. Soon it is all gone but they issue assurances that it will be replaced. Those assurances are backed only by future taxation on other people. It’s not much different than a phony winning lottery ticket-only no one is held responsible for the fraud and you have no choice but to trust it.

Do you see Bernie Sanders or Elizabeth Warren demanding that the Feds put that money back? You won’t because you are old, weak, sick, bind and probably voted for Trump. Did you know that a landmark case in 1960 decided that you don’t even have a legal right to Social Security? Sanders and Warren hitch their wagons to a horse that leads to Cuba, Venezuela and Hong Cong.

Lucky you with your union pension. The republicans went after the unions with a vengeance under reagan, and the unions are mostly no more except for government workers which the so called conservatives are always trying to destroy. Most countries have some socialism that's made them more advanced than our own country so thank God I guess for Venezuela so conservatives can gloat at the expense of other peoples' misery.