Letter: Grandma won’t be put out on the curb
The 3/3/2011 Gazette-Journal had a response to my letter concerning Social Security from Mr. Hicks. In his response he mischaracterizes Social Security as a Ponzi scheme. Ponzi schemes such as Mr. Madoff’s lure investors in by false promises of high return on investment and are not guaranteed or subsidized by the Untied States and its citizens. Social Security, or Old Age, Survivors, and Disability Insurance (original name), promised only if you and your employer did their part you would get a modest (still is) stipend when you qualified (became entitled). Many may not need this but many more do. Mr. Hicks and I help subsidize many things TEA Partiers often make a living from then rant against such as the military, federal, state, and local government pay, not to mention benefits and retirement plans. Should we deny or reduce these also? These workers and their retirees if removed from your county and mine would bankrupt us. We seniors draw our Social Security checks (me next year), flash our Medicare cards and often become hypocrites by trying to deny it to others. Yes, our country is broke but we have been broke before, the first being when we paid off the Revolutionary War and I have all confidence we will fix it, without putting Grandma on the curb.
In Mr. Hicks’s county of Mathews there are 3,932 households out of which 13.50% had someone living alone who is 65 years of age or older. Mathews has a population that 30.10% is from 45 to 64, and 21.60% who are 65 years of age or older. 6.00% of the population lives below the poverty level. Out of the total people living in poverty, 4.80% are 54 or older. (Data taken from Wikipedia.) In the U.S. it is estimated Social Security prevents about 45,000,000 folks from poverty. Everyone knows all taxpayer subsidized programs are in trouble, much of it because of the financial meltdown (see Ponzi above), two wars and fewer jobs for taxpayers to fill the coffers. The problem is what we do with the tens of millions that depend on these programs. Yes, I paid my SS taxes and I expect my check next year. Imagine that.