Tags
Barack Obama, entitlement reform, investments, retirement, Social Security, Social Security reform, Social Security Trust Fund, Treasury
Liberals understand incremental change. Obamacare didn’t create nationalized healthcare, but it created the framework for it and will create a regulatory system to distort the health insurance market to the point that private health insurance, whether or not “provided” by an employer, will be economically unviable. That’s why it’s so important to block its implementation and ultimately repeal it and replace it with a system that allows market incentives to control costs. So what does this have to do with Social Security?
The current framework for Social Security forces all SS tax revenue to be transferred to the Treasury. By creating the current debt “crisis,” President Obama inadvertently revealed that Social Security doesn’t have any money despite the massive “balance” in its so-called trust fund. Incremental changes must be made to the system before real reform can happen. The following outline for a Social Security Trust Fund Restoration Act is meant to be a first step in that direction. In the spirit of Rahm “Alinsky” Emanuel, we don’t want to let the President’s fabricated crisis “go to waste.”