Wednesday, September 15, 2010

SIGN OUR PETITION TO SAVE SOCIAL SECURITY

TAKE A STEP TOWARD SAVING SOCIAL SECURITY 
PLEASE SIGN OUR PETITION
(Click the link "A Petition to Save Social Security" under Find Us On Facebook)
IT IS ESSENTIAL FOR THE U.S. TO START PAYING DOWN ITS HUGE DEBT, BUT FOR THE MOST PART, SOCIAL SECURITY HAS NOTHING TO DO WITH TAKING MONEY FROM THE GENERAL TREASURY  
As we explained in a previous blog [July 28], Social Security’s revenue comes from a separate payroll tax.  What does impact our deficit is the money that the Federal Government “borrowed” from Social Security in order to fund earmarks and other wasteful government spending.  The current debt owed to Social Security is ~$2.5 Trillion.  
Our petition says the following:


1)  The $2.5 T debt does not have to be repaid  [so the deficit would be immediately decreased by that amount]


2)  The “cap” [as explained in our Blog] would be lifted so that high earners would be paying a bit more in payroll taxes


3)  The Federal Government would promise [by passing a law] that no money would be borrowed from Social Security in the future [Al Gore’s idea of locking up the funds]
This would eliminate the need to push back the retirement age past 67 which is already too late.
We have only 24 signatures, so we need YOU to step up to sign the petition and to circulate this message to your friends and family to ask for their signatures as well.  
 DON’T ACCEPT WHAT SOME POLITICIANS WANT YOU TO BELIEVE, THAT SOCIAL SECURITY WILL NOT BE THERE FOR YOU AND YOUR CHILDREN....ACT NOW TO PRESERVE THIS ESSENTIAL PROGRAM 

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