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No, he's stuck on it's all GW's fault tune. This is just another verse of the same tune.
[quote=pghquest;24452062]I cant tell you the number of times I've gotten into disputes here over this very thing. Its the exact reason why social security, is a welfare program, but many dont want to admit it.
"Jim Horney... says retirement programs should not count as part of the deficit because, unlike a business, Congress can change what it owes by cutting benefits ....
"It's not easy, but it can be done. Retirement programs are not legal obligations," he says."
[] PAY ATTENTION []
Retirement (entitlement) programs are not LEGAL OBLIGATIONS !
OOPS, don't let the sheeple hear THAT !
They BELIEVE they "paid into" a trust fund and are OWED those benefits.
However, there is no RIGHT to entitlements nor any contract with Congress to be provided for. They are solely at the discretion of Congress.
Flemming v. Nestor.
In this 1960 Supreme Court decision, Mr. Nestor appealed the termination arguing, among other claims, that promised Social Security benefits were a CONTRACT and that Congress could not renege on that contract. In its ruling, the Court rejected this argument and established the principle that entitlement to Social Security benefits is not contractual right.
.................
If you were misled to believe otherwise, chalk it up to the world's greatest propaganda ministry. FICA was nothing more than a "Tax and Bribe" program, and there's no "reform" that will fix "stupid".
Just because it is worth repeating! Wake up people!
"Jim Horney... says retirement programs should not count as part of the deficit because, unlike a business, Congress can change what it owes by cutting benefits ....
"It's not easy, but it can be done. Retirement programs are not legal obligations," he says."
[] PAY ATTENTION []
Retirement (entitlement) programs are not LEGAL OBLIGATIONS !
OOPS, don't let the sheeple hear THAT !
They BELIEVE they "paid into" a trust fund and are OWED those benefits.
However, there is no RIGHT to entitlements nor any contract with Congress to be provided for. They are solely at the discretion of Congress.
Flemming v. Nestor.
In this 1960 Supreme Court decision, Mr. Nestor appealed the termination arguing, among other claims, that promised Social Security benefits were a CONTRACT and that Congress could not renege on that contract. In its ruling, the Court rejected this argument and established the principle that entitlement to Social Security benefits is not contractual right.
.................
If you were misled to believe otherwise, chalk it up to the world's greatest propaganda ministry. FICA was nothing more than a "Tax and Bribe" program, and there's no "reform" that will fix "stupid".
OH MY ...
I forgot the best part -
A. there is no law compelling participation in FICA,
B. there is no law punishing those who do not participate,
C. there is no law punishing those who hire the unnumbered, and
D. it is 100% voluntary - voluntary servitude.
Yet millions are led to believe that they MUST get an account and number before they can work in their own country.
Kudos to the world's greatest propaganda ministry, bar none.
Please write or call your representative and ask him to corroborate, but don't be surprised if they put you on hold, and you hear "Hotel California" playing in the background.
Curiously, they won't divulge how to withdraw consent or cancel one's SS account.
But one thing is certain, the day that 4% of Americans withdraw consent, their system will implode. For losing 12 million (or more) 'human resources' will severely reduce the collateral value pledged against the national debt.
It's amazing that so many liberals, all of them it seems, see absolutely no problem with any level of deficit and debt.
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