BITCHING ABOUT BARAK

Normally I do not use this blog for rants/opionins, but I have to today. The reason why I took over my own retirement accounts to trade on my own is that I am a non-believer in financial advisors. Maybe it is a narcissistic view on my part, but I know I can do better than him/her since I am in control of my own destiny. Also, watching the disaster after Hurricane Katrina opened my eyes to make me realize that our federal government is not able to protect me in time of need. I need to protect my family. The feeling of entitlement in the US of A is going to be its ultimate demise. Truly, I wish others understood that the government doesn't owe you one thing other than to defend our sovereign rights and our borders. Since the government is failing that too, I believe we are in a death spiral.

More reason to add weight to a plummeting plane - Barak Obama thinks he can save Social Security by eliminating the earnings cap on Social Security. Currently, the maximum any person pays into SS is $97,500 based upon their income and he wants to eliminate the cap completely. In essence, this is fleecing the high income earners since they are the ones who will be most affected. As seen in the op-ed by Investor's Business Daily "Social Security willl have an unfunded liability over the next 75 years of more than $27 TRILLION in 2003 dollars." This is just another HIDDEN TAX INCREASE. Why do I say it is hidden? It is not seen as an increase in our income tax rate, but is hidden into the taxes that are already paid, but capped.

Businesses will be hit hard as they already pay both the EMPLOYEE and EMPLOYER PAYROLL TAXES. If a business has to pay both, the business will have to eliminate employees to continue to make a profit. Unemployment goes up, entitlements increase and recession sets in. Butthead Barak also fails to recognize that eliminating this cap will increases taxes for "97,065 carpenters, 110,908 police officers, 254,992 nurses, 208,562 teachers and 237,000 dentists."

My opinion, PRIVATIZE SOCIAL SECURITY. So far the federal government has used the funds in SS to pay for Medicare costs in the form of IOUs. Well, those IOUs are going to be called in mid 2010s.

You want to save SS, Barak? Don't allow illegal aliens SS. Don't allow their family members who still live outside of the US to receive SS benefits. Teach people to "fish" rather than giving them their "fish for the day." Don't continue to tell them that the federal goverment has the obligation to provide for them.

I believe in capitalism and my wealth should not be taken by the federal government to be distributed to people who believe the government owes them something. That is communism. If the government takes away my money to distribute amongst them, why should I continue to work hard for the same reward of someone who sits on their butt and collects the $$$ that I put into SS. My reward for working 60 to 80 hour work weeks is a 6 digit income so get your f*%*&*%$ hands out of my pockets, Barak!!!!