Average pay in the senate is around 165000, (average between high and low). So each year We Tax payers pay you a healthy salary.
Average pay in the House of Representatives is around 140000. Again this payroll is derived form the Tax income received via the IRS.
I have watched this past week or see as you voted yourselves a bonus Tax Deduction, then voted to take away any medication coverage in Medicare, and pushing that coverage out to the secondary Medi-Gap insurers. Causing the elderly and disabled to pay increased amounts for coverage each month. Reducing our capability to contribute to any ground force scheme to spend more money and "show confidence" in the economy.
So I Have a Challenge for You After the fold:
Senators Congressman, Give UP your paycheck first; to Begin to reduce the defect and pay back Social Security First.
That is all, I mean most of you are millionaires anyway:
Millionaires populate U.S. Senate
Millionaires fill US Congress halls
http://www.informationclearinghouse....
I mean Really if your worth 83 Million Dollars, you do not even notice the bi monthly pay check do you? (would be about 6350.00 Senate, and 5385.00 House)
And start the Payback into the Social Security Coffers, your children s Piggy bank that you rob so often. http://www.fff.org/...
Just a reminder of how SSI, Got here:
It was funded by collecting an excise tax on payrolls — initially, 1 percent from an employee and 1 percent from his employer. In fact, both portions of the Social Security tax came out of the employee’s pocket, since they were part of total labor cost. Instead of going to an employee as additional wages, the "the employer’s portion" went to the government.
Yeah they even ripped us in the 30's. But no Government Money, nothing from the treasury department. Our Money that they borrow.
As of 2008, Social Security Federal Old-Age and Survivors Insurance Trust Fund holds about half of the government held portion of the debt at 2.2 trillion dollars, with other large holders including the Federal Housing Administration, the Federal Savings and Loan Corporation's Resolution Fund and the Federal Hospital Insurance Trust Fund. Most of the public debt is in notes and bills with only about one trillion in bonds and inflation protected bonds.
Social Security promoters must have feared that private retirement plans would offer a better deal. Wisconsin’s "progressive" Democratic senator, Robert M. LaFollette, fumed that the Clark amendment "would be inviting and encouraging competition with its own plan which ultimately would undermine and destroy it." Roosevelt threatened to veto the Social Security bill if it had the Clark amendment. Freedom of choice was eliminated during the House-House conference, and Roosevelt signed the Social Security law on August 14, 1935.
In case anyone doubted that Social Security was a monopoly, employers across America were required to display this notice: "Beginning January 1, 1937, your employer will be compelled by law to deduct a certain amount from your wages every payday. This is in compliance with the terms of the Social Security Act signed by President Franklin Delano Roosevelt. This is NOT a voluntary plan."
Originally, the idea was to have Social Security taxes accumulate in a fund from which at least some benefits would be paid. But incredibly, Social Security promoters were concerned that politicians would loot the fund. For instance, Abraham Epstein, who had led the lobbying effort for a government-run program, wrote in Nation magazine, "Experience everywhere indicates that politicians will hardly be able to keep their hands off such easy money." Accordingly, in 1939 Roosevelt turned Social Security into a pay-as-you-go system where current taxpayers funded the benefits of current retirees, and nothing was set aside to help take care of current taxpayers when they retire.
But I digress.....
Should the house and the senate forgo pay?? and have their pay forwarded to the Treasury Dept to pay down the deficit, Each year they "sacrifice" the American Tax Payer Saves : over 77M Now that is not a drop in the 14 Trillion Dollar Deficit, BUT if they pay back Social Security First! Then Baby boomers can retire and the work place could refresh a bit. Give the baby boomers their houses back, relieve their debt with a BIG windfall, and they will move on to the next phase. For Example this one year, give back 100% of the federal taxes paid, to anyone who made Less than 140,000 a year. that would truly change the economy, and make the baby boomers feel secure again. 'As along as they, baby boomers, are scared, they will stay, refuse toe retire, and suck up that job the new kids need, the company needs (lower wages)
Thoughts?
Make them give first?