Social Security
Social Security is a Ponzi Scheme!
Social security was once promised to be the end of poverty to seniors. Now it is broken. Persons in the system are seeing their benefits dwindle due to higher taxes and inflation. Cost of living adjustments do not keep up because government routinely excludes the cost of the volatile energy and health sectors from the computations. Proposed solutions, from lowering benefits to raising taxes, to increasing the age of eligibility, are not true solutions. Trying to tax social security benefits is unfair and constitutes double taxation. I support the Senior Citizens Tax Elimination Act (H.R. 191), which repeals taxes on Social Security benefits. I also support the Social Security Preservation Act (H.R. 219) so that all monies paid into the system are only used for Social Security. I also support the Social Security for Americans Only Act (H.R. 190) so that those that come here and did not pay into the system will not get benefits.
Those of us that are older and are dependent on Social Security should get their expected benefits, but the system will not be solvent forever. So we need to allow younger workers to save and invest their own money. I support cutting payroll taxes and giving workers the opportunity to seek better returns in the private market. This would mean allowing younger workers to put that money into their own private funds or even putting the money under the mattress if that is what they desire to do. Excessive government spending has created the insolvency crisis in Social Security and we must significantly lower federal spending and reduce the deficit in order to solve the crisis.