The king of American socialist programs, Social Security, is going up 5.8% in 2009. But will it matter? Does it make a difference? Nope.
The typical social security check is a whopping $1,090 in 2008 and it is going up to $1,153. That works out to about $7.21 an hour, a little above minimum wage. And this is supposed to be America’s retirement plan? This just goes to show you that democrats and their socialist ways want to keep you poor and dependent on them. I sure wish we could get rid of this government slush fund all together.
Of course the advocates will say “Look at what happened to the market and people’s IRAs, 401k’s, etc.”. The response? “Well dumb ass, if you are close enough to retirement or actually in retirement you don’t have a lot of your money in stocks. Any half decent financial planner will tell you that. As for the rest of everyone, yea this market sucks, but it will go up. Look at the history.”
If social security was such a great program we wouldn’t need 401k’s, IRA’s, SEP’s and pension plans, now would we?
Further Reading
Tags: taxes
