Dear fellow citizen's, What is the truth about "Entitlements" A.K.A. the Social Security Trust Fund? I am 51 and since the 1980's the Federal Government has "borrowed" from Social Security knowing that that money would need to be repaid from the "General Fund" in upcoming years. The Government didn't pay the market rates to borrow this money;
You know "prime rate, plus" like we have too. Now politicians say we need "Entitlement reform"; citing lack of incoming revenue and justifying it by saying people paid in less than they receive, over their lifetimes. What ever happened to "compound interest"? The example I like is $1,000 invested with Warren Buffet, a.k.a. Berkshire Hathaway in the 1960's would be over 1 million dollars today.
Also, how come Governor Corbet's COLA is 2.2 percent but Social Security's is 1.7 percent? Was inflation 2.2 percent or 1.7 percent? That doesn't sound equal under the law to me. So I ask my fellow citizen's that were around and remember what was said and done 30 years ago to speak out against those who act as if we didn't pay our fair share into Social Security before we have further cuts to entitlements( code for "your social security check").
Submitted by Virtual Newsroom