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Rick Perry flabbergasted me! August 29, 2011

Posted by fetzthechemist in Uncategorized.
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I would have never ever expected this, but I agree with Rick Perry on one area – Social Security.

http://www.cbsnews.com/8301-503544_162-20098635-503544.html

I have believed for decades that the elderly were becoming our new welfare class, supported because they had political power and by political correctness. Social Security as it now is, as opposed to at its inception, is a major support service for the elderly. Medicare as part of the SSI system just adds to that. It has only “worked” because for a long time there were many Baby Boomers working to support each SSI recipient.
Now those workers are retiring, or trying to. The government’s response has been to penalize them by raising the age limits and making longer employment seem like a plus overall. That misses the point that the system is fundamentally a cash-negative one that has become way too generous under the guise that those receiving it paid for everything they are getting. That is a once-upon-a-time fiction.

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