Retired and giving politically to save their Social Security & Medicare benefits that resemble Ponzi Schemes!
When discussing federal elections and state elections did you know that Retired individuals give more money to political candidates than any other industry? In the 2008 election cycle Retirees contributed almost $279 Million to federal level candidates and PAC's. This money has slightly favored republicans but not by much. We keep hearing the word REFORM when we discuss Social Security, Medicare, and Pensions but with so much money being dumped into the federal election cycle can we expect changes anytime soon? Will the politicians that accept and go after these donations and answer the questions from retirees about saving their entitlements actually renege on their promises to not touch the locked box?
VetTheGov looked into a recent 2010 election cycle for Colorado District 3 House race between incumbent John Salazar and challenger Scott Tipton. The winner Scott Tipton received $154,183.00 from retired individuals while John Salazar received $45,119.00. However over Salazar's entire CD-3 career received $215,692.00 from retirees. Here is where issues get sticky for politicians and headline media reporting. Look at this article during the Salazar/Tipton race and watch how each side plays the game. Both sides know how emotional a debate entitlements are especially when Seniors are involved and knowing they contribute heavily to protect unsustainable government promises from years ago. Campaigns are filled with the dreaded questions about privatizing Social Security all the way to what are you going to do to protect a government promise.
After 75 years here is President Obama's proclamation to those waiting for or soon to receive their Social Security checks. See the President's agenda in regards to Social Security & Medicare. It's an absolute shame to see how our government has created so much dependency upon itself that no one has even realized what happened other than the needed correction bailouts. This trend continues forward with the youth in America under the mask of At-Risk school breakfast and lunch programs that here in Mesa County accounts for almost half of current students enrolled not to mention all the other giveaways and redistribution models in place locally.
What's at stake? Well for the Retired individuals it's about getting back what they paid in and were promised, and for the politicians its about promising to keep an unsustainable program in place for votes, money, and political party power. What about the current workforce and future generations? Well let's just say it doesn't look pleasant! Our kids, grandkids, and great grandkids are going to pay into a scheme that will never pay anything back. Future generations have over $14 Trillion of government debt that is insurmountable to overcome with another $2 Trillion or more once congress agrees to raise the debt ceiling. Retirees have been promised and the government knows if they break their promises there will be hell to pay so they just continue forward and hope something changes like a major plague or end times. Want to have an interesting discussion? Bring up privatizing Social Security with Seniors or entitlements altogether! Watch the venom spew if you mention the word REFORM and the fact that they might never see the money they paid in. Ponzi scheme 101!
Wake up call! Nothing the government promises now or in the future will change the current course. Please don't worry because our government always has your best interest at heart and it's ready to meet your every need. Keep enjoying all the smoke and mirrors from both parties as they lead us down the highway to hell, higher taxes, and living your life day to day under government control because no one has the guts to do what is necessary and talk is cheap! VetTheGov hopes you understand the consequences of out of control spending and the results by such behavior. The video below is a much watch! Thanks for tuning in!