Tag: CAP

Center for American Progress and CATO both want to invest our Social Security funds in stock market

~ Fred Donaldson ~ 8 Comments

When the right and left political wings agree, you can bet middle-class Americans are in trouble. And if you are talking about Social Security, a new bipartisan plan spells major cuts in benefits, as the establishment is set to privatize our public retirement system after the mid-term elections next year. About $2.8 trillion (2,800,000,000) has … Continue reading Center for American Progress and CATO both want to invest our Social Security funds in stock market

We should not use our Social Security worker contributions to pay for general welfare programs

~ Fred Donaldson ~ 1 Comment

The day after the President's State of the Union address, many pundits are concerned with his reference to Social Security, a subject he continues to toss out as a bargaining chip with the GOP.   Social Security is a worker program that has been used as a welfare program. Our 13.4% contributions (you plus your … Continue reading We should not use our Social Security worker contributions to pay for general welfare programs