Nothing but the Truth!
By Will Power
April 21, 2011 (San Diego)--The Republican House majority, which has been spending trillions on worthless wars, has suddenly decided that the government is spending too much. But instead of declaring victory and bring the U.S. Army home to watch the Mexican border, the Republicans have decided to cut Medicare and Social Security.
Social Security has been paid into since the 1930's by nearly all American workers. But now Social Security is in trouble. Why?
It's because Republicans have raided the Social Security fund to pay for their foreign wars. Here's a summary.
The reason why Social Security is getting a bad rap by Republicans is that the surplus that has existed on the books has been borrowed against to pay for wars in Afghanistan and Iraq and to some extent, the Bush tax cuts of 2001 and 2003. During the past 10 years, Congress has borrowed against your retirement. As of January 4, 2011 the federal government owes $14,014,049,043,294.41 – or a “tad” over $14 trillion. Of that, approximately $4.63 trillion is money that was borrowed from trust funds such as Social Security.
So nearly $5 trillion dollars of YOUR retirement money was raided by Republicans to pay for their foolish and expensive wars. Then the Republicans scream and yell about how inefficient Social Security is and how it will soon run out of money!
As the battle over deficit financing gets uglier and uglier, remind yourself who it was that started this financial house of cards. It wasn't Clinton, who created a budget surplus. it was the Reagan and Bushes that borrowed the five trillion bucks. Then they gave Tax Breaks to the rich, Take that, you retirees! But you won't hear about the $5 trillion dollar robbery in the news. Fox News is mum on the subject. It's pathetic! Workers, you have been robbed and you don't have a clue!
Will Power is a retired history teacher and creative writing instructor. The opinions expressed in this column reflect the views of its author and do not necessarily reflect the views of East County Magazine. To submit an editorial for consideration, contact firstname.lastname@example.org.