The truth is both parties are guilty of the robbing of the Social Security shortfalls. The problem with our national debt debate is that the truth is hidden in the middle of the two different opnions. The largest holder of U.S. debt is the U.S. the Chinese are the largest foreign holder. The Social Security fund was raided by L.B. Johnson a Democrat. Congress and the president authorized the issue of Treasury Notes in place of the cash, Treasury notes are debt. I find the debate over keeping our keeping are AAA credit rating and the promise that the U.S. would never not pay it's debt, unless of course you are a taxpayer that is depending on Social Security for some or all of your retirement years, you my friend are on the list of the debt that the U.S. does not want to pay on as agreed, Hedge Funds, Foreign Investors and Countries on the other hand will be paid in full as agreed we would never default on our debt.
I do believe that we have put ourselves in a bad situation and the need to make some changes in the social security plan is necessary. I am 50 years old and enjoy a game of poker every now and then, The first rule in poker is the rules are established before your money goes in the pot. The rules don't change during play. I find myself looking at the second change in Social Security in my adult working life. The plan that Congress is looking at will not affect anyone over 55, I am thinking I sat down at the wrong poker table at the wrong time. I find myself and others between the age of 45 and 54 are the truly screwed group. We endured one change already and now we will get shafted again as we can see the finish line.
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