Friday, February 21, 2014

Obama - Just More Lies - Social Security

Socialist President Pinocchio Obama has said that if he just got higher taxes, he would work with Republicans to put a grand deal in place related to saving Social Security and Medicare; both headed toward insolvency.   Well, Obama got 21 new taxes in ObamaCare that will impact all Americans that pay taxes and much higher taxes on the "rich" in the Fiscal Cliff Deal; but once again we see more Obama lies.   Obama had proposed a more Conservative approach to Cost of Living Increases for Social Security, that would not have made Social Security much more solvent, but would have been a start.   At the urging of Socialists in Congress, including Senator Dirty Harry Reid, the Senate Majority Leader and Minority Leader Nancy Pelosi, that change is now off the table.   

Everyone knows Socialists will lie, cheat, steal, borrow, extort, target their enemies and history teaches us even murder to stay in power feeding at the trough.   So, this new Pinocchio Obama lie concerning Social Security should be no surprise to anyone.   Socialist in government will never reform Entitlements.   The fact is that there is $127 Trillion in unfunded liability for Social Security and Medicare sitting out there that will explode on the United States like a nuclear bomb in the next 20 years as Baby Boomers retire.   There is only $109 Trillion in combined wealth in the entire United States.  If Socialists confiscated every dollar of wealth in our country, not just a percentage, which they would love to do, it is impossible to cover the unfunded liability for Social Security and Medicare.   Of course, you will never hear any of this from Socialists. 

Instead, even though all Americans that work, except some government employees, pay into Social Security and Medicare, since the money will not be there to pay us our benefits, only the poor will get the benefits that have been promised.   Others will get little or nothing of the money they paid in throughout a life time of work.  Medicare is already means tested.  Anyone with assets will have to pay even more.   Social Security will eventually be means tested, as well, so anyone with assets will get little or nothing.  Social Security is already taxed for Americans with assets.  It will just be taxed even more. 

Social Security and Medicare will turn out to be the biggest Ponzi Scheme in human history.   Americans will have paid in trillions of dollars only to get nothing in return.   The day is coming.   Obama has proven over and over again that he can't be trusted.   So don't believe anything you hear from Pinocchio Obama and his Socialist pals in government, concerning Social Security and Medicare, or really anything else.   It is all just more lies. 

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