By: Bryan

Bryan — Fri, 12 Nov 2010 20:59:46 +0000

The income tax is progressive, but withholding/FICA are flat and what you get is determined by what you paid in – it is a normal insurance plan except it is managed by the government and is guaranteed.

It is the standard Wall Street raid on a pension plan, something they have been doing for years and destroying the retirements of hundreds of thousands of workers. Social Security is the Holy Grail of the looters in the financial industry the mother lode of wealth with trillions to attract the bottom feeders.

By: Steve Bates

Steve Bates — Fri, 12 Nov 2010 06:17:32 +0000

All my working years, I wondered why retirement was separately taxed and separately paid out. Now that I see what the Catfood Commission is attempting, I understand why SS is on its own separate budget. Who knew that two sour-assed retired government workers who enjoyed the benefits of federally funded health care for their entire careers would attempt to stiff other people who have paid for the same but aren’t going to get it because of Simpson’s and Bowles’s lies.

What’s that? Oh, of course… I should have noticed (and actually of course did notice) that Obama appointed those men to do exactly the job they did. No wonder the first time I attempted to type “Bowles” it came out “Bowels”; either one is full of shit.

Comments on: Raising The Retirement Age

By: Bryan

By: Steve Bates