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Dear Editor,
It is once again time to review Social Security. This program has been in operation for 70 years. It is paid for by the people who use it and is not part of the federal operations tax program. It has the lowest overhead costs of any program operated by the government. 1/3 of its funds go to disabled workers, widows and orphans with the balance going to retired people.
From its inception it has reduced poverty among the elderly from 50% to 10%. The federal government benefits greatly from it, in that the funds are immediately available for regular government expenses (a loan from social security). Wall Street and it’s best friends hate it because all the money is used for its contributors with no cut for Wall Street profits (privatization). Any problems it might have can be immediately solved by the U.S. Congress at no cost to the government. It is the most successful government program in U.S. History. Some people choose to call it a government expense. If that is true your savings account is expense too. The “entitlement” sounds good. Since we have already paid for it, we must certainly be entitled to it.
Malcolm Brandt
Dear Editor,
It is once again time to review Social Security. This program has been in operation for 70 years. It is paid for by the people who use it and is not part of the federal operations tax program. It has the lowest overhead costs of any program operated by the government. 1/3 of its funds go to disabled workers, widows and orphans with the balance going to retired people.
From its inception it has reduced poverty among the elderly from 50% to 10%. The federal government benefits greatly from it, in that the funds are immediately available for regular government expenses (a loan from social security). Wall Street and it’s best friends hate it because all the money is used for its contributors with no cut for Wall Street profits (privatization). Any problems it might have can be immediately solved by the U.S. Congress at no cost to the government. It is the most successful government program in U.S. History. Some people choose to call it a government expense. If that is true your savings account is expense too. The “entitlement” sounds good. Since we have already paid for it, we must certainly be entitled to it.
Malcolm Brandt
