The news is that, on or about September 8th (last month it was the 12th), I will receive my third Social Security check. I managed to live right up to 11:59:59 p.m. on August 31st, which means I will get a check since I didn’t kick the bucket anytime during the month. There are no partial monthly payments, you see, because why would a dead guy like me need partial money? If I had up and keeled over, though, Martha would receive a $250 burial benefit. Cripes, she can’t even rent a backhoe to plant me under the bushes in the back yard for $250.
To be truthful, I feel somewhat guilty about taking the money. Martha and I are not desperate or destitute like so many elderly people, but not taking the money would not help any of them anyway. To assuage my guilt I’m putting the money in Martha’s savings to help make up for the rape of her retirement plans by Wall Street and the thieving banks.
But none of this is the really important news. It appears, folks, that the Social Security and Medicare system are in . . . trouble. That’s right, brotheren and sisteren and assorted other brethren, the system is nearly out of money.
According to OneNewsNow on 8/27/09,
"A conservative congressman warns that another taxpayer bailout is likely if the government has to start putting money into the Social Security Trust Fund instead of borrowing money from it.
Earlier this week, the Social Security Administration announced it plans to cancel annual cost-of-living adjustments for the next two years, which means senior citizens will receive less money in that time period [but] their Medicare premiums will still increase.
Congressman Spencer Bachus (R-Alabama) predicts that the Social Security Trust Fund could be running a deficit as early as next year."
Are you folks aware that the money withheld from your pay for Social Security (FICA) and Medicare completely bypasses the Trust Fund and goes directly to the General Fund, where it is instantly spent? That the General Fund issues “special” IOUs to the Trust Fund, to be paid when Social Security or Medicare needs it? That those “special” IOUs are worthless? And that Bachus is an asshole for using the term “borrowing” when he really means “stealing?”
We, the Great Unwashed, the peons, the peasants, the stupid, are dupes of the first order. From Reagan through Obama, every president has knowingly and willingly stolen our TRUST monies and spent them on things like paper clips, toilet paper, and wars.
I think I’m going to take every retirement penny I can get my claws on, totally and completely guilt-free.
Can I hear a big “Amen!”?