Sequestration only pertains to our national budget. Social Security is entirely self-funded, though, and has absolutely no relativity to national budgets.
And even though it’s always included in those misleading calculations on national debt, Social Security is actually a $2.7 trillion asset. We have that money, we consistently add to that money (it grew by over $50 billion in 2012) … but it gets counted as part of the debt simply because all Social Security funds collected are eventually returned.
But cuts to Social Security benefits are again on the table in the sequestration talks – even though it has absolutely nothing to do with the budget.
Making this circumstance worse, though, is the too-long train of trashy attacks on the program. It’s a public investment bond that earns interest – same thing as brokers, major investors and financial consultants scoop up on, but this one has a guaranteed and risk-free return.
But some idiots want to call it “socialist”? As if this capitalism-based security system of our capitalist economy could ever be included in the definition of the term they consistently misuse?
If those people are stupid enough to make that claim, that only indicates they’re too stupid to know what the damn word and its variations actually mean.
Give up this inclusion of Social Security to a completely non-relevant topic. Protect our money. Protect our own individual investments. Protect our economy, too, by ensuring a large chunk of our population can continue to contribute as consumers.
Take Social Security off the table on anything pertaining to budget.
And for pete’s sake, learn what the word “social” actually means!
US Debt 101