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View Diary: Boehner Under Huge Twitter Attack Today (168 comments)

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  •  Let's make sure we use the phrase EARNED BENEFITS (16+ / 0-)

    whenever talking about Social Security, Medicare, Unemployment Insurance and other so-called 'entitlement' programs.  They most certainly are not 'hand out' benefits but reflect funding from a 50/50 mix of individual and employer sources--it's a PARTNERSHIP to ensure security in the event of disability or death, and for worker retirement.  It's not there to benefit Wall Street, except in that retired workers have a little money to spend.  This money is ours already.  No need to 'rescue' it or starve it.  It just needs our Congress to commit to fully protecting it, and that 2% tax holiday eliminated ASAP, as well as the upper income cap boosted up over $250,000.

    We also earnedevery deferred-income pennies in our 'private' or 'public' employment-related pensions, IRAs, 401(k) and 403(b) funds too, but Wall Street's wrecking crew keep caming up with lots of ways to liquidate and siphon these off for privitizated profits to the 1%, as well arguing that they're the ones entitled to steal back the fruits of our labor due to being 'job creators'.  They sure do want a seat at our working family's table, but just long enough to gather up and run off all the good stuff.  We must demand major improvements in financial protections and guarentees for all our uncashed but earned benefits belonging to the working and middle class citizens. We need our federal laws to reflect that we earned these, with interest, and that we and our families are fully entitled to these by virtue of our work, which is a key factor contributing to record profits for corporations. We need law changes to lock these down as our future fully-payable possessions that cannot be taken away from workers or their families.

    The quasi-federal Pension Benefit Guarentee Assurance fund, which all corporations should be kicking 1% of pension funding into, has been very neglected and simply unenforced this last decade (part of Bush's wink-wink 'deregulation' efforts). It has yet to recover in spite of these years of record profits.  It remains far short of the funds needed to support retirees whose original employing corporations have or will go bankrupt (which is the #1 purpose of PBGA).  If retirees are getting anything from this fund, after their corporation goes broke, it's typically pennies on the dollar due to the intentional underfunding.  CEOs and shareholders and creditors all need to be held personally responsible for ensuring the protection of these earned pension dollars--the worker's retirement security should be the first obligation honored when a company is in demise.  If there's a 'Trickle-Down' Trillion dollar rescue to be made, this ought to be near #1. The money is 'out there' but it's just being taken off the table as fast as possible by the parasitical top of the food chain and kept from the workers and retirees who labored for years produce it. That blatant theft must end and laws need to protect our interests instead of enabling Wall Street's parasite class of gangsters.  We are not helpless to fix this--we just need the law passed to be on our side and then for them to be properly enforced and for severe penalties to befall those trying to steal our retirement security for their own pleasure and privatized benefit.

    When life gives you wingnuts, make wingnut butter!

    by antirove on Sun Nov 11, 2012 at 03:34:14 PM PST

    [ Parent ]

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