I was watching the Fox News Republican Presidential debate today and the back and forth between Romney and Perry really got my attention. First of all, Perry does believe (as I do) that Social Security is unconstitutional and that if it exists at all it should be provided by the states. Perry is now back-peddling from that stance because he believes that it will be very difficult to win the Primary (or the General Election for that matter) if he maintains that position on Social Security.
Romney really hammered Perry on that position tonight. Romney pointed out how in Perry’s book “Fed Up” he called Social Security a Ponzi scheme. First of all, the average person doesn’t even know what a Ponzi Scheme is. A Ponzi scheme is basically paying early investors returns based solely on recruiting new investors into the fund. As long as you are recruiting new investors then everything works fine…especially for the people who got in early. But as Bernie Madoff found out, once you can’t recruit any new investors, your scheme collapses from within. Bernie Madoff is now spending life in prison and what’s even more tragic is he lost many people’s life savings.
Social security IS in fact a Ponzi scheme! People who are collecting the funds (retirees) are not collecting their own funds they put into it (in fact some didn’t contribute at all). The funds that were initially invested were spent a long time ago by the Federal Government. The funds being paid to retirees are from the funds being paid by current workers. If this pool of workers shrinks, this system will fall apart. Especially in this economy, we are not creating new jobs; hence, the pool of people contributing to social security is not keeping up with the amount of people receiving social security benefits. It WILL fall apart. It’s a mathematical certainty.
Social Security IS UNCONSTITUIONAL! The Federal Government has NO Constitutional authority to force free citizens to pay into Social Security. NOTHING makes people more dependent on Government than people literally needing those funds to survive. Shame on us for allowing ourselves into being duped into this program that was made to make us beholden to a Federal Government for our very livelihood.
Since I’m not running for office I can tell it like it is. If I offend you…tough. We must have this conversation. Most Republicans like Federal Programs as long as it benefits them. What makes these Republicans any different than a Democrat who believes they should keep the programs that benefit them? Let’s face it; most Republicans are for a Government that stays within the confines of the Constitution. Yet, take a poll and see how roughly only 10% are for ending Social Security and sending it back to the states where it belongs. We have neglected to pay attention to the Constitution and Freedom for so long that 90% of Republicans don’t even know what it is anymore.
Perry also said that by any measure, Social Security has been a failure. Romney argued saying that it has worked great for the millions of people who have depended on it for decades. Let me be Perry’s campaign manager for a second here. EVERY PONZI SCHEME WORKS GREAT FOR THE PEOPLE AT THE TOP! Bernie Madoff’s 50 Billion dollar Ponzi scheme also worked great for the people who got in early. This is the question I would pose to Romney, “Bernie Madoff’s investment strategy also worked for years, the people who got in early made money. Governor Romney, are you also going to claim that Madoff’s investment strategy was a success for many people?” If that’s the case, Romney should give Bernie Madoff a pardon as soon as he is elected president.
The fact of the matter is most (but not all) Republican’s don’t understand what Freedom is. This is why Perry is back-peddling on his stance on social security. He has looked at the polls and knows that he is on the losing side of the argument. Instead of back-peddling Perry should be straight with the American people. He should explain his position as to why Social Security is a Ponzi scheme, he should explain how it keeps people dependent on the government, and he should also give examples of how States can empower their own people to take control of their own retirement.
Romney also said, “Social Security is part of the bedrock of the social fabric of our country.” That is a scary statement. To say the bedrock of our country is a Federal Program should frighten us all. This is not a statement from a person who believes in empowering the people to take control of their own lives. If we want to change our country we must come to grips with what Freedom really is. It means we must give up the false belief in financial security through a Federal Government program. Freedom is scary, it’s not perfect, but it is the best system there is for giving everyone the best chance for success. If you believe the Federal Government should stay within the confines of the Constitution, please re-asses your belief in Social Security. Don’t take my word for it, read the Constitution and determine for yourself if this program in Constitutional or not.
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