Elizabeth Warren, Enhance Social Security, Not Cut It!

According to the Social Security Administration, the current average Social Security benefit is a measly $1,269 -- and remember recipients paid into the fund and are being repaid their earnings in the form of barely livable retirement checks.

The economic inequity in the US, as often noted here, is only growing, reaching beyond a Grand Canyon gap.  It's more like an intergalactic distance when CEO advocates of cutting Social Security have accumulated retirement accounts "more than 1,200 times as much as the median retirement savings of U.S. workers near retirement age."

I love how well off CEO's are pushing the false narrative that social security is driving up the deficit and the solutions have ranged all the way from cutting the social safety net program to outright eliminating it.

This comes from elite company leaders who have 1,200 times as much retirement saving's as the average guy working his whole life away come retirement age.

The myth of SSI being detrimental to the federal budget is destroyed here: (link)

 If the government paid back every dime owed to the trust fund, social security would be self sustainable for another 60 years at least. 2.7 trillion plus interest it owed from the US treasury to the Social Security program.

The only problem being, through various accounting tricks and other shady practices, there is a strong possibility that no Social Security Trust Fund exists, that more on a Ponzi scheme type of situation is going on at the federal level:

Unconvinced, syndicated columnist Charles Krauthammer wrote a subsequent column questioning Lew’s assertions.  “This [Lew’s] claim is a breathtaking fraud.  The pretense is that a flush trust fund will pay retirees for the next 26 years.

Lovely, except for one thing: The Social Security trust fund is a fiction. … In other words, the Social Security trust fund contains—nothing.”

Social Security status-quo defenders have assured us for the past 25 years that Social Security is fully funded—for the next 25 years, or 2036.  So if there are real assets in the Social Security Trust Fund—$2.6 trillion allegedly—then how could failure to reach a debt-ceiling agreement possibly threaten seniors’ Social Security checks?

The answer is that the federal government has borrowed all of that trust fund money and spent it, exactly as Krauthammer asserted.  And the only way the trust fund can get some cash to pay Social Security benefits is if the federal government draws it from general revenues or borrows the money—which, of course, it can’t do because of the debt ceiling.  (link)

  The problem with this whole clusterf@#k going on, is the very fact that the very same people who have been using the Social Security Trust Fund as a personal credit card, without paying any of it back, Congress, won't give anyone a straight answer as to if the money actually exists. If all the money has been doled out in loans to the US treasury and if so, then the very possibility that social security currently is not self sustaining does come into play.

One would have to get a straight, honest answer from Congress, the Fed and even SSA itself, and honestly, you'd have better luck asking a wall in your house what the true budget numbers are as I doubt that many actually know, and it's probably a close guarded truth that they don't want out in the public domain.

The very ideal that you have been working yourself to death for years and the money that was supposed to be going to aid the 40% of your retirement has been loaned and spent on fiscal objectives it was not designed for.
That would be enough to make incite anger in many I would believe.
Especially the old and retired who have worked to the bone all of their lives to only see monies that should be there, be missing?

If any bank in this country is robbed, local FBI field agent's are on the case usually within hours helping local police track down the bank robbers.
Who do we, as American citizen's call to track down the 2.7 trillion seemingly swiped in the middle of the night from our national social security fund?
  

Related articles:

• Fact Check: Social Security Does Not Increase the Deficit
• Elizabeth Warren urges expansion of Social Security
• Economist: We Can Fix Social Security
• Poll: Voters want Social Security expanded, not cut
• Mike Lux: Elizabeth Warren Nails It: We Shouldn't Be Fighting Each Other for a Handful of Crumbs
• What Do You Call Always Having a Date for New Year's Eve?
• CEOs With 1,200 Times Your Retirement Savings Want To Cut Social Security
• Average Social Security Check Is $1269, But CEOs With Nest Eggs Worth Tens of Millions Want to Slash the Program
• Elizabeth Warren joins expand Social Security team
• Elizabeth Warren to Congress: Expand Social Security