Is Social Security Broke?

May 13, 2011

Today the Social Security and Medicare trustees Report was released in Washington D.C at the Treasury Department.  The 6 trustees all discussed where Social Security and Medicare benefits were heading and the information is not good. We have to ask the question, “Is social security broke?

According to the report since the economic recession hit this country there is less money in the fund with more individuals receiving funds as they retire.  Charles Blahous one of the public trustees stated deficits in Social Security will continue to eradicate the funds as revenues continue to decline.  The insurance funds will exhaust  themselves by 2018 if there is no increase in taxes or cuts in benefits.

Our representatives on Capital Hill continue to say there is nothing wrong with Social Security at this time. They continue to tell the citizens there is nothing to worry about, but according to this report we need to address this problem just as we must address the national debt problem which had been swept under the rug for so many years while Congress continued to spend what they didn’t have.

Many citizens have and will rely on this fund as their only source of income upon retirement, we must not ignore the reality that the fund is broke and needs to be fixed. Billions of dollars have been paid into these funds and the citizens deserve their benefits once they do retire.


Compromise Would Surely Help The Situation!

December 9, 2010

Here we go again, those folks in DC. are at it again.  President Obama extends tax cuts for 2 years because Republicans were holding the American people hostage.   His words not mine, hostage.  I applaud the fact he extended the infamous olive branch to work on a deal that will keep the government functioning through the lame duck session.

However, it appears as if the ultra liberals are furious with his decision. All day on the news they bashed him  as too weak,  no backbone, caving in to the rich, and not the President we elected that was going to raise taxes on the rich.  He has divided his base once again and why?  He made concessions to try to do the right thing.

As we have stated numerously on the Patriot Express Radio show “we don’t need more taxes, we need less spending.” ” We need a government that will work to cut the fraud and waste in every entity of our bureaucracies across the nation.”  Stop the waste and we reign in the uncontrolled deficit spending.

I was talking to a retired military pilot today who said he once believed in the balanced budget amendment but now he is against it. He wants to have the military a separate budget so they get the funding they need without cuts that will weaken our defense.  I asked him how long he served for a barometer of the depth of knowledge he had on military spending.

He was a fighter pilot for 23 years. I asked if he saw any fraud or waste in his 23 years there?  He stated he saw the 500 dollar hammers and the waste. As a matter of fact he stated “I was told to take my jet out for a four-hour flight anywhere with a tanker following me on several occasion. ”

I stated I have friends that were in Viet Nam where every month new supplies would be flown in only to be placed in the middle of a field to be blown away by a few explosives from the tanks on base. This happened and is still happening today so the military doesn’t loss their budget.

The conversation went on and I explained on paper that approach looked good but the problem is the military has to spend the funds appropriated each budget or they lose it the next time around. We need to make sure the budget is never cut even when a surplus exists at the end of the fiscal year.  The military protects our borders and we need the strongest and the best with no compromising on their needs.

The issue isn’t increasing our taxes to pay for things our Representatives want, the issue is to cut the fraud and waste so we spend our tax dollars wisely as a CEO of any business would or should be doing to spend what they need and ultimately make a profit.  Our Congress spends the money then taxes the individuals and Corporations without having strict guidelines or rules on how to spend the money more efficiently.

We can balance the budget without raising taxes if the American Citizens would go to the polls and vote for individuals that will represent their wishes and not those of special interest. Remember your vote counts each election.  By not voting you’re allowing those in power to remain in power. We can do better.


This Day We Will Remember

November 2, 2010

Okay we talked about this day for the past year now and it is finally upon us, the mid-term elections.   With these elections all across the country we will either make history or be history. This day we will remember as we remember our nations past struggles.

Today I was engaged in a discussion about the condition of our nation. The individual stated that had we done nothing we would be far worst off than we are now speaking about the 787 billion dollar bailout money.  The discussion went on for 2o minutes about what transpired within Obama’s administration as he took over an economy that was losing 700 thousand jobs a month. Bailing out private companies that were ill managed and skimming off profits to pay millions in bonuses.

My argument was this: Had we taken half or three-quarters of that stimulus money and distributed it to the tax payers of this country instead of those businesses that were “Too big to fail” we would have alleviated the deep recession we are now in.

If each tax paying citizen of the nation would have received 200 thousand dollars in stimulus money I assure you they would have saved their homes, bought new cars and or replace furnishings  within days of receiving the check from our well oiled government.

I am not saying I agree with the government handing out money to anyone or anything, however since they were going to spend that money the taxpaying citizens should have received it so they could spend it how they deemed fit.

Most everyone I talked with about this proposal said they would have paid off their home and replaced their car with a new one that got better gas mileage. One one individual said they would hide the money and let their home be foreclosed on.

This of course didn’t happen because the tax paying citizens didn’t donate millions of dollars to the Obama campaign so he couldn’t just give it up to common everyday folks like you and I.  No, he had to arrange for SEIU and other entities that were close to him and his campaign to receive the billions of dollars in tarp money.

Now we have a chance to have our voices heard once again.  A vote that is a referendum on the direction our country travels.  Do we continue down the path that has eroded the quality of life here in America of every citizen who lives here?  Or, do we stand up and finally vote for those individuals that are not corrupted by the political parties as of yet with hopes they will remain true to their word to us.

This vote will be the change that many American’s so desperately are looking for. Not the change you can believe in rhetoric spewed out during the last campaign cycle.  The change will be for the people of this great nation to stand tall and request their representatives work for them.

Make sure you get out to vote and have your voice heard.