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PostSocial Security Revisited (Tor Guimaraes, USA, 06/17/15 1:37 pm)
I share the no-nonsense feelings about Social Security expressed by Mike Bonnie (17 June) and others. I don't care how the stupid bureaucrats chose to accumulate the hard-earned money I have paid in over decades. They better come up with my money according to the contract.
Also I don't care what some idiot politicians say about the Social Security program not working. It has worked magnificently: it has been the only protection against poverty that most seniors have had in an age where most politicians sold themselves out to corporate interests. These are the rip-off artists talking about privatizing Social Security (how can you trust private financial institutions with your life after the last crash?), they don't have the spine to say they want to eliminate Social Security so they talk about "strengthening" it by watering down.
Due to the increase on average longevity, the Social Security actuarial tables have changed and that must be accounted for. But the program needs to be built up by removing the income ceiling for contributors. Also, perhaps some of the corporate welfare/subsidies presently given to big corporations could be used to shore up SS. No matter the chosen solution, the American people must never totally trust private financial institutions again. We must always have the US government FDIC behind the banks and the SS program behind the seniors.