Come on now Hankster. To be fair, I saw no evidence that the Rs did anything to keep SS funds for our retirement. The following took all of 10 seconds to round up. Let's be fair, neither party has shown actual fiscal restraint for many years.
Bush stated in his radio address to the nation on February 3, 2001, "My plan will keep all Social Security money in the Social Security system where it belongs." And, in his February 27, 2001 State of the Union address, Bush said, "To make sure the retirement savings of America's seniors are not diverted in any other program, my budget protects all $2.6 trillion of the Social Security surplus for Social Security, and for Social Security alone."
"Despite these promises, President Bush has been raiding the trust fund since he took office," Smith said, "and he no longer tries to conceal what he has done. In an effort to muster support for his privatization proposal, he has been openly admitting to the raiding of the fund."
Smith said that President Bush first publicly acknowledged misusing Social Security money in a Washington speech on February 9, 2005, in which he said, "The money-payroll taxes going into the Social Security are spent. They're spent on benefits and they're spent on government programs. There is no trust."
You might also note that the federal employees retirement system is non funded. Meaning the payments are made from current funds; no reserve, no investments, nada.
Our country is in serious financial trouble. It was NOT cuased by Obama, but he certainly has done nothing to improve the situation. I fear that no politician can hold office long if they take the steps we need to regain financial solvency. Everyone wants "their" benefits. no one want to make any sacrafices.
Edited by Dave Vedder (02/10/10 09:37 AM)
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No huevos no pollo.