Social Security has ZERO to do with the Deficit. [View all]

[sabrina 1]

Cuts to SS, using Chained CPIs or any other cuts, using any other kind of deceptive language, will do NOTHING to bring down the Deficit.

Why? Because the SS Fund is not part of the Federal Budget.

And the Government has no right to touch it without the permission of those who own it. None, whatsoever!

SS is a fund OWNED BY those who paid into it during their working years, an INSURANCE fund that provides a safety net for retirees and now for the disabled and orphaned children.

Raiding this Insurance Fund has become a habit of Warmongers and the Wealthy who want to keep THEIR taxes as low as possible.

When they raid the SS Fund they have to provide US Govt Bonds to ensure that what they borrowed will be paid back.

They don't WANT to pay it back! They want to Privatize it and gamble with on Wall St. We know what has happened to Pension Funds when they were placed in the hands of the Wall St. Gamblers.

This must never happen to the SS Fund.

You will hear lies claiming that the fund is 'empty' and needs 'fixing'.

If that is the case, then every creditor of the US Govt holding those bonds, including China, need to worry that those Bonds have no value.

The US Government CAN NOT default on its creditors, INCLUDING THE AMERICAN PEOPLE who are among those creditors, without dire consequences to this country.

As one of those creditors, the SS Fund receives interest on the Bonds it holds every year.

Even during the recission the SS Fund continued to show a surplus.

The Fund has an over 2 Trillion dollar surplus.

The Bonds it holds are backed by the Full Faith and Credit of the US Government.

The Fund is NOT empty, it is owed trillions by the US Government.

Money that is safe so long as the US Govt honors its debt to its Creditors.

You might see some attempts, even here on DU, to use the CBO report to try to create the impression that SS Benefits need to 'cut' in order to help with the DEFICIT.

Nothing could be further from the truth.

Because the SS FUND HAS ZERO TO DO WITH THE DEFICIT.

Therefore cutting benefits will have ZERO EFFECT ON THE DEFICIT.

Raise the Cap on SS and focus on creating jobs and the SS Fund will be good for another 100 years.

Anyone saying otherwise has one giant ulterior motive.

Thanks FDR for the Social Safety Nets that have saved the lives of countless numbers of Americans.

NO DEMOCRAT should ever participate in doing anything that would jeopardize those protections for the least among us.

Just thought this needs to be said periodically, even here on DU.

Hands OFF Social Security!

Pay for your wars and your Tax Cuts for the Wealthy with your own money!