Two steps guaranteed to fix Social Security

In January, the Democrats in Congress were all saying that Social Security didn't need saving. Today, most of the Democrats have seen the polls and because of this, they are admitting there is a problem with Social Security. They don't want the public to think they're being less than honest. Which of course, was exactly what they were being in January when they said the system was good until 2040 or so.

Unfortunately, the Main Scream Media has a bad habit of only covering information that supports whatever agenda the liberal elite want the American public to believe. How can the Democrats want to "Save Social Security First" under President Clinton in 1999 and now, not want to save it at all? The answer is quite simple. President Clinton and the Democrats were facing a surplus in 1999 and they weren't interested in tax cuts. Moving tax dollars from the general revenue fund to the Social Security Trust Fund would only result in some more of those Social Security file cabinet IOUs. The actual money would end up right back in the hands of Congress to spend as they wished. This is how a sham becomes a scam.

The Democrats are now saying that President Bush wants to destroy Social Security by privatizing the program with personal accounts. This isn't the first time Democrats have tried to scare Americans into supporting them. Every national election, they try to convince voters to vote for them because they will protect Social Security.

The fact is that we've seen all these tactics before and the results were a disaster. During the 1980s, the Savings and Loan Industry started to accumulate significant losses. The Reagan Administration wanted to fix the problems. The Democrats in Congress started off by saying that the Savings and Loans didn't need help. When the losses continued to grow, the Democrats finally had to admit that there were problems. Unfortunately, this didn't stop them from trying to scare the public by claiming that the Reagan Administration's proposals would destroy the Savings and Loans.

By the end of the 1980's, a manageable disaster became an almost unmanageable catastrophe. The Reagan Administration estimated early in the crisis that it needed 15 billion dollars to bail out the Savings and Loans. The Democratic leadership in Congress refused to cooperate in spite of the fact that most of the deposits were protected by the government; just like our Social Security benefits are protected by the government. What was the final cost to the taxpayers? More than 165 billion dollars!

The truth is that both Democrats and Republicans have been very busy spending Social Security Tax Dollars on whatever their little hearts and big egos desired. And anyone who doesn't think that far too much of this spending is wasteful and self—serving, just hasn't been paying attention.

It is possible that the Republican members of Congress may be willing to be weaned off of our Social Security Tax dollars over a number of years. But anyone who thinks that any of the Democrats would be willing to be weaned off of any of our tax dollars from any source, Social Security or otherwise, at any point in time, has missed the first commandment of today's Democratic Party: Thou shalt never ever give up control of any tax revenues. By the way, here's the second commandment: Thou shalt ever endeavor to create more tax revenues.

We cannot afford to wait until the Democratic Party gets serious about saving Social Security because this time, it's possible we will find ourselves with that unmanageable disaster we all fear. There is, however, a way to cut through all the words from both the left and right on this important issue. Let's demand two steps that will make both parties work together to fix Social Security. 

Step One:

Make all the past members of Congress part of the Social Security System. Then let's take all of the money from their "special" retirement programs and put it into the Social Security Trust Fund. That way, they'll have more Social Security Dollars to spend on whatever they desire.

Step Two:

Since 1984, all employees entering federal service have been required to become part of the Social Security System. There are active and retired employees who were grandfathered and thus remain in the old system. Let's make everyone part of the Social Security Trust fund. If we add all their retirement dollars to the ones that come from our members of Congress, then Congress will have even more Social Security Dollars to use as they like.

In other words, if the Social Security Lifeboat is sound and isn't leaking any water, then there isn't any reason why Congress and government employees shouldn't get in the damn boat with us. On the other hand, if it is leaking, they all should have to bail like hell with the rest of us.

If Congress wants to use our money, by spending every last damn dime of our leftover Social Security Taxes after they pay benefits to those who receive Social Security, then they should accept the same risks that they are creating for us. My guess is that, if they had the same risk, legislation to fix Social Security would be on the way to the President's desk right now.

Thanks to Gordon Provano for helpful corrections to an earlier version of this article.

In January, the Democrats in Congress were all saying that Social Security didn't need saving. Today, most of the Democrats have seen the polls and because of this, they are admitting there is a problem with Social Security. They don't want the public to think they're being less than honest. Which of course, was exactly what they were being in January when they said the system was good until 2040 or so.

Unfortunately, the Main Scream Media has a bad habit of only covering information that supports whatever agenda the liberal elite want the American public to believe. How can the Democrats want to "Save Social Security First" under President Clinton in 1999 and now, not want to save it at all? The answer is quite simple. President Clinton and the Democrats were facing a surplus in 1999 and they weren't interested in tax cuts. Moving tax dollars from the general revenue fund to the Social Security Trust Fund would only result in some more of those Social Security file cabinet IOUs. The actual money would end up right back in the hands of Congress to spend as they wished. This is how a sham becomes a scam.

The Democrats are now saying that President Bush wants to destroy Social Security by privatizing the program with personal accounts. This isn't the first time Democrats have tried to scare Americans into supporting them. Every national election, they try to convince voters to vote for them because they will protect Social Security.

The fact is that we've seen all these tactics before and the results were a disaster. During the 1980s, the Savings and Loan Industry started to accumulate significant losses. The Reagan Administration wanted to fix the problems. The Democrats in Congress started off by saying that the Savings and Loans didn't need help. When the losses continued to grow, the Democrats finally had to admit that there were problems. Unfortunately, this didn't stop them from trying to scare the public by claiming that the Reagan Administration's proposals would destroy the Savings and Loans.

By the end of the 1980's, a manageable disaster became an almost unmanageable catastrophe. The Reagan Administration estimated early in the crisis that it needed 15 billion dollars to bail out the Savings and Loans. The Democratic leadership in Congress refused to cooperate in spite of the fact that most of the deposits were protected by the government; just like our Social Security benefits are protected by the government. What was the final cost to the taxpayers? More than 165 billion dollars!

The truth is that both Democrats and Republicans have been very busy spending Social Security Tax Dollars on whatever their little hearts and big egos desired. And anyone who doesn't think that far too much of this spending is wasteful and self—serving, just hasn't been paying attention.

It is possible that the Republican members of Congress may be willing to be weaned off of our Social Security Tax dollars over a number of years. But anyone who thinks that any of the Democrats would be willing to be weaned off of any of our tax dollars from any source, Social Security or otherwise, at any point in time, has missed the first commandment of today's Democratic Party: Thou shalt never ever give up control of any tax revenues. By the way, here's the second commandment: Thou shalt ever endeavor to create more tax revenues.

We cannot afford to wait until the Democratic Party gets serious about saving Social Security because this time, it's possible we will find ourselves with that unmanageable disaster we all fear. There is, however, a way to cut through all the words from both the left and right on this important issue. Let's demand two steps that will make both parties work together to fix Social Security. 

Step One:

Make all the past members of Congress part of the Social Security System. Then let's take all of the money from their "special" retirement programs and put it into the Social Security Trust Fund. That way, they'll have more Social Security Dollars to spend on whatever they desire.

Step Two:

Since 1984, all employees entering federal service have been required to become part of the Social Security System. There are active and retired employees who were grandfathered and thus remain in the old system. Let's make everyone part of the Social Security Trust fund. If we add all their retirement dollars to the ones that come from our members of Congress, then Congress will have even more Social Security Dollars to use as they like.

In other words, if the Social Security Lifeboat is sound and isn't leaking any water, then there isn't any reason why Congress and government employees shouldn't get in the damn boat with us. On the other hand, if it is leaking, they all should have to bail like hell with the rest of us.

If Congress wants to use our money, by spending every last damn dime of our leftover Social Security Taxes after they pay benefits to those who receive Social Security, then they should accept the same risks that they are creating for us. My guess is that, if they had the same risk, legislation to fix Social Security would be on the way to the President's desk right now.

Thanks to Gordon Provano for helpful corrections to an earlier version of this article.