By NEMS Daily Journal
Washington officials broke pension trust
Have you noticed that the government is now referring to Social Security checks as “Federal Benefit Payments”? This not a benefit! It was set up in 1935 as a Trust Fund. Not only did we contribute 15 percent of our income, before taxes, but our employers contributed also.
The folks in Washington were supposed to invest this money and never borrow from it or use it for any other purpose. Instead they have pulled off a bigger Ponzi Scheme than Bernie Madoff ever did. They took our money and used it elsewhere. They “forgot” it was our money they were taking. Not only did they not pay it back but they didn’t pay interest on our money they “borrowed.” The benefit programs are welfare, food stamps, rent and utility subsidies and Medicaid.
One doctor told me that due to one new rule in Obamacare Medicare has reduced payments to doctors. This is causing some doctors to stop taking Medicare patients. Some hospitals will likely follow suit. Doctors who have reached retirement age may simple stop practicing. Support personal in these offices will be laid off since they don’t have as many patients. That will be that many more people out of work and shortage of doctors.
Think of these things while you decide who to vote for. By all means turn out to vote.
LETTERS POLICY: The Daily Journal welcomes letters from readers. Letters should be brief – not more than 350 words. Shorter letters are preferred. Letters must be signed, with the name, address and daytime telephone number of the writer. Anonymous letters will not be considered. Letters are subject to abridgment. Send letters to The Editor, Box 909, Tupelo, MS 38802-0909, fax to 842-2233 or email to email@example.com.