Social Security

and how it robs Baby Boomers (and especially) Baby Busters


If there's one thing that makes my blood boil, it's the Greedy Geezer Generation screaming gimme, gimme, gimme for more, more, MORE benefits. Benefits that they don't pay for--no, you do.

They love to yell at the top of their grasping lungs how they put all that money in all those years and now they are simply getting out of it what they put in. Or their other favorite propoganda spiel is how SS is an "insurance plan" for which they paid in "premiums" and now they are simply getting their "benefits".

Oh, the GGs are getting "benefits" all right.

Keep this in mind: 80% of the wealth of this country is controlled by those over 50. That includes a lot of Greedy Geezers who are more than comfortable in their retirement. The monthly Social Security check is icing on the cake. Yes, there are old folks out there barely subsisting on their SS checks, but it's less common than the AARP would like you to believe.

The next time a GG pulls that "I've been putting money is Social Security all these years" stunt, ask the whiner to pull out his paycheck stub from the 30s, 40, 50s, 60s, and 70s. You'll find it's a mere pittance--around 1%. You read it right: one percent.

Keep that in mind versus the 17% it is nowadays. (Plus the employer has to match that "contribution" also.)

Your typical Greedy Geezer nowadays gets all of his money out of SS including interest after four years. So he gets pure gravy after four years. Money that young married couples could be using to raise a family instead is going to subsidizing the GGs' literally greedy lifestyle.

Assets are being massively transferred to the GGs. It's an event without parallel in American history. Don't worry Baby Boomers. There ain't gonna be the cash left for you to be bestowed with the same largesse. So get ready for your nightly can of dogfood.

Oh, by the way, assuming the Social Security trust fund is solvent when you retire; you will die before you get all of your money out that you "donated".

Greedy Geezers love to say how SS was set up and is an insurance plan since after all, they're (or were) paying premiums into the fund.

That's a complete smokescreen. If it walks like a duck, talks like a duck, then it's a duck. Show me an insurance plan which allows a person to derive benefits with no end in sight. That is the classic definition of welfare: it just keeps going and going and going. FDR called it an insurance plan in order to get it passed by Congress. So he was simply doing cagey marketing. Plus it was never meant to be the be-all retirement plan. It was always meant to be a third of a person's retirement. Another third from the person's pension and the last third from the person's own savings.

Plus on top of everything else, the Social Security fund is being depleted as we speak. The Federal government takes the money, uses it as however it sees fit, and puts warrants in the place of the money to be redeemed for cash later on.

Uh-huh. Sure.

Someone explain to me where these "superfunds" are going to come from to restore the SS system to solvency once it becomes time to redeem those warrants.

Social Security is simply welfare for the Greedy Geezers. Over the years the spineless Congresses have increased the benefits for the retirees. Because after all, they do vote en masse for their causes--which boils down to mo' money, mo' money, MO' MONEY for them with us footing the bill. The AARP is one effective org, no doubt about that. They say how their constituents should vote and by god, they make their greedy voices heard.

But enough is enough. I would like to see some normalcy brought to this subject. It simply can't continue. The assets are running out.

And for this to devolve to inter-generational warfare is not the way to go. America is better than that. Let's just hope the Greedy Geezers feel that way.


Back to the Truths Inviolate list or to the home page.