Liberty on the Rocks™ Denver

FDR, ever the master, came up with an ingenious solution: create a program in which Americans would be asked to contribute to a social savings account that government would manage on their behalf and would be there for retirement. Instead of big government, it was to be a partnership that would encourage individual thrift and responsibility. Thus was born Social Security.

Gergen knows there is no “savings account.” Gergen knows the government does not “manage” the money. These are outright lies that have sold to the American people since FDR made the proposal. Social Security is a tax that redistributes money from the working young to the retired elderly. To pretend otherwise is a fantasy.

The newspeak alone is amazing. He says that “Americans would be asked to contribute.” No one has ever been asked to contribute. Ever. Government forcibly takes the money out of paychecks. You are not asked.

He refers to social security as a “partnership.” Partnerships, by law, are voluntary. Social security does not qualify.

He says social security “would encourage individual thrift and responsibility.” It has done the opposite. It discourages thrift and responsibility because the government promises to take care of those that “contribute.”No need to be thrifty. The government is “managing” your money in an “account” somewhere.

Social security is a Ponzi scheme, with current “contributors” being taxed more and more to pay off the older “contributors.” Like all such schemes, it will collapse.

We have been suckered. We have been – and are – being lied to. The sooner the collapse comes, the better off we will all be. The sooner the collapse comes, the sooner we can start rebuilding.