Archived Opinion

Social Security has been robbed by politicians

To the Editor:

For more than 25 years after the 1983 amendments to Social Security, the federal government collected more in Social Security payroll taxes each year than it paid out in benefits. Those surplus revenues were supposed to be saved, but instead Congress spent every last dime of them and replaced the excess payroll tax revenue it looted from the Social Security Trust Fund with IOUs written to itself. At the end of 2010, the federal government owed the Trust Fund $2.61 trillion. Congress has drained the Trust Fund dry. (Source: Forbes)

This should outrage every American who receives Social Security benefits and every American who has paid or is currently paying Social Security payroll taxes. What can we do about this? First, contact your Senators and Representatives in Congress and demand that the funds they stole from us be returned immediately. It is called a Trust Fund for a reason. Second, demand that these funds be designated for the payment of Social Security benefits and nothing else, under penalty of law.

Third, remove the cap on payroll taxes. Finally, spread this news to your family and friends. It matters not what political party you belong to. What matters is we have been robbed by the very people we trusted.

Jim Hartje

Macon County

Smokey Mountain News Logo
SUPPORT THE SMOKY MOUNTAIN NEWS AND
INDEPENDENT, AWARD-WINNING JOURNALISM
Go to top
Payment Information

/

At our inception 20 years ago, we chose to be different. Unlike other news organizations, we made the decision to provide in-depth, regional reporting free to anyone who wanted access to it. We don’t plan to change that model. Support from our readers will help us maintain and strengthen the editorial independence that is crucial to our mission to help make Western North Carolina a better place to call home. If you are able, please support The Smoky Mountain News.

The Smoky Mountain News is a wholly private corporation. Reader contributions support the journalistic mission of SMN to remain independent. Your support of SMN does not constitute a charitable donation. If you have a question about contributing to SMN, please contact us.