More On Social Security

From the inimitable Richard Russell...

On Tuesday President Bush visited the office of the Federal Bureau of Public Debt in Parkersburg, West Virginia. The Prez passed by a cabinet that contained the $1.7 trillion in Treasury securities that make up the so-called Social Security Trust Fund.

Later, in a speech at a nearby university, Mr. Bush announced, "There is no trust fund, just I.O.U.'s, that I saw first hand."

Yeah, Mr. President, we knew that. The government has spent all of the so-called Social Security trust fund, and in its place they have left a load of I.O.U.'s. But listen, Mr. President, the dollar itself is an I.O.U. In the good old days when the U.S. was solvent, a dollar was an I.O.U. which said the Treasury owed you one dollar's worth of gold. Today the dollar is a piece of paper that says a dollar owes you "nothing."

You don't believe it. Then try turning in your dollar to the Treasury and see what you get for it. What you'll get is another dollar with the slogan, "in God we trust." Hey, I already trust God. What I'm worried about is trusting my government.

What's wrong with that picture?

You and me have paid into Social Security all of our working lives only to have those dollars taken by our politicians spent on other programs that fulfilled their fancy. Now we hear that those dollars have been replaced by I.O.U.s of the federal government which means they will tax a future generation to make good on the debt. In other words, all that you and I have paid to Social Security has gone somewhere else. Our politicians have ripped us off. And the next generation will have to make good for it. Where is the outrage?

As long as people continue to support the present two-party system that is hell-bent on leading the American individual to a standard of living far below what currently exists, we will continue to have more of the same. Beyond a few issues, their isn't a dime's worth of difference between the two parties.

I have maintained for years that the two party system in this country is like a highway. The republicans are in the right (cruising) lane and the democrats are in the left (passing) lane. While the democrats may reach the destination before the republicans, the outcome will ultimately be the same. It doesn't really matter which lane you choose, the highway leads, inevitably, to an impoverished American society that will embrace total socialism with open arms.