Walter E Williams - Social Security

Professor Williams explains what's ahead for Social Security http://www.LibertyPen.com

Category:

News & Politics

Tags:

• children
• debt
• future
• liability
• madoff
• ponzi
• scheme
• security
• social
• unfunded

[daPlumber702]

@jwfcp you really have an affinity for making shit up don't you? look up what reagan did regaurding taxes before you banter again you moron.

You've mixed two administrations that were decades apart.. fail.

by "giving money to the poor" (stealing money from everyon else is a good way to put it) you make the middle and upperclass poorer... and give the poor incentive to stay poor. Good job fuck nut.

[HexTest]

@jwfcp A system that owes trillions in unfunded liabilities is not what I would call a "balanced" system.

Especially compared to 401(k)'s which can lead to several times the return versus what you pay in.

[tycoonfortune]

All the fuckers will do is, keep on RAISE TAXES, RAISE TAXES and RAISE TAXES

in order to tax the shit out of all the shit people.

All the people are completely INSANE .. no sane person would ever allow such a fraudulent system, to take away their rightful fruits of labour and give basically NOTHING IN RETURN

The masses of people have become a freakin cancer disease on this nation and the planet as a whole. I really hope the Social Security PONZI will go bankrupt very soon, what a laugh !!!!!!

[damiaxxx]

We should get Bernie Madoff to run Social Security.

[432ps1]

How can any sane person support or defend a system which steals from your paycheck your entire working life and then pays you back at slightly more than minimum wage for the last few years of your life, IF you live long enough to qualify for it? The ugly truth is that Williams is CORRECT, and anyone younger than 50, probably won't receive 1 thin dime from this fraudulent ponzi scheme.

[diogotomediogo]

great speech. it's true. something has to be done in the short run. either the governments find alternative ways to found social security, or they start not taxing people for it. and let them save the money they want throughout their lives, so they can use it when they are old and cannot work

[MrConservative608]

Mr. Walter E. Williams is stating what we have to do just to keep the government funded by stating by 2020 we have to cut 1/4 of the budget (not cuts in the rate of growth as Washington, D.C.'s CBO scores cuts today under baseline budgeting). He has not even addressed what must be done for us to reduce our growing national debt. We need to cut at least 1/3 of the budget beginning TODAY to begin paying off the debt!

[przem23]

Social Security money stolen by government: ppjg.wordpress(dot)com/2010/07­/16/social-security-money-stol­en-by-government/

[ShamanMcLamie]

@Lobos222 and if you honestly care about your dad, instead of having someone else pay for his care, why don't you pay for it. Want to help the poor start a charity, want a help the elderly open a home, want to change minds educate. You don't need the government to do all those things, people can do it. Security, regulators and the justice system are the only things that should be government run. Education, Infrastructure, SS (if we need it that badly) should be privately run, government funded.

[ShamanMcLamie]

@Lobos222 I have nothing against infrastructure and security. The security should only protect our rights and property. I have nothing against government funded education. I have nothing against charity. I have nothing against taxes. What I am against are when anything that the government does is targeted. I think anything government "run" is inefficient. You can live in a free society and be safe. So long as your Freedom doesn't impede one others it is fine.

[przem23]

@rs2013 I highly recommend this online e-book, 'the social security swindle' w w w greenjacketbooks(dot)com/Green­jacket_Books/The_Coming_Calami­ty_files/Social%20Security%20S­windle%207Feb10.pdf