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Comment IPS Features |
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Every time Federal Reserve Board Chairman Alan
Greenspan begins his doomsday speech of somber tones he begins with
Social Security. The same
scenario comes up to take away from those at the bottom. Make
people work longer and harder before retirement.
Trim back the meager monthly stipend many receive. On man in his late eighties receives the minimum monthly Social Security payment. Although he began work and paying into the fund as a teenager, he now receives a little over $400 a month. That’s hardly enough to put anyone in the lap of luxury. There was a time when the Social Security fund stood alone. The money Americans paid for insurance was separate from the spending hands of Congress. For a political show, it was moved into the main cash flow stream to make budgets look better. Greenspan is a money man. His interest is in profit for business and those at the helms. It would be sacrilegious for anyone to suggest cutting at the top, instead of taking from those who have so little. Each year members of Congress either vote themselves a pay raise or add to the luxurious perks. No matter what the rest of the economy does, no matter how the working man or woman suffer, our leaders continue to expand their pocketbooks. Perhaps the Federal Reserve Board chairman should turn his calculator in a different direction. He should see what would be the result if, instead of taking from Social Security, he looked at trimming the fat from government.
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