My response to an email from one of our members who reminded me of the debacle that is The Social Security Administration and their evil acts against mankind. I had to remind him what the title said, To whit;
The Social Security Act (Act of August 14, 1935) [H. R. 7260]
"An act to provide for the general welfare by establishing a system of Federal old-age benefits, and by enabling the several States to make more adequate, (define adequate), provision for aged persons, blind persons, dependent and crippled children, maternal and child welfare, public health, and the administration of their unemployment compensation laws; to establish a Social Security Board; to raise revenue; and for other purposes."
I will post this again. Thanks for the inspiration.
BTW, a story I've told people many times; a government set of employees in CA back in the late seventies, early eighties or so, opted out of SSN. They were given the option in their gov't union contract back then, so they opted out. They all now retire with around $9200/mo, ad infinitum. Here's a note for you though. With the same "contributions", SSN would be sending them checks for about $1400/mo. instead, with no guarantee of faithful payment. Can you say FRAUD?
Controlling their own retirement fund as a group, allowed them to "farm it out" to private investment firms on an annual basis to be renewed every Jan. 1st.
The resulting competition in the "Private Market", resulted in them always getting the best deal going, with THEIR best interests in mind or the firm would be fired the following year.
Competition created excellence. The government doesn't HAVE any competition. They are a monopoly. That is what we need to change. Thanks for reminding me.