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Wall Street Republicans Want to Do Away with Social Security

Updated on February 26, 2013
bgamall profile image

Gary opposes Libertarianism and has published the ebook, Libertarianism, the UK Big Bang and How They Ruined America, found on Amazon

Do You Believe Wall Street and the Republicans Want to Destroy Social Security?

Do You Believe Wall Street and the Republicans Want to Destroy Social Security?

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Wall Street and CNBC Greed Is At The Heart Of Their Hatred of Social Security

Update: The Republicans want cuts in the cost of living for social security. They want these old folks to live on cat food. From now on, just call the Republicans the Cat Food Party because that is what they are.

A fellow came on CNBC after a discussion about social security and he said that 20 percent of the people will blow their retirement plans and that social security should remain. Trish Regan, who has since moved on to Bloomberg TV, and who I find is one of the most offensive shills for Wall Street, said in response that these people should go out and find a financial adviser.

Isn't this what the CNBC and Wall Street opposition to social security is all about? As people shun the stock market, Wall Street needs more warm bodies to sell their financial products to. That is totally what this is about. If it takes never voting Republican again to protect social security, then I am all for it. I have railed against both parties, but if the Republicans stay in power over time, they will do the bidding of their Wall Street handlers and get rid of social security. Of course, if the stock market crashes, they will be there to profit on your hardship of loss as well.

This fear of loss is why the boomers are out of the stock market. They were burned in 2000 with the dot com scam. They were burned by the housing bubble bust in 2008. In both cases, Wall Street became richer and mainstreet poorer. And if all that social security money is forced into the markets, Wall Street will profit again in some rigged bubble and crash. We can't let this happen.

Young people, do not allow the destruction of social security. Even if the fund ran out entirely, there would be funding of about 70 percent of current benefits. That is the worst that can happen. The best that could happen would be a responsible refunding of the fund.

But don't let the Trish Regan types and Larry Kudlow types gain advantage by smooth talking the destruction of social security. That is the Wall Street greed in them talking. We all, who watch the programs on TV regularly, know this meta programming scam, and social security is not immune from the talking head scam.

Even Ron Paul has softened his position on Social Security. He said in 2010 that government management of social security in the stock market is wrong. He said that as we all saw that the crash would have wiped many who were close to retirement out. So then, Paul still wants accounts that the people control entirely, but that still would generate fees to Wall Street and we cannot have that. It will be a theft of some sort as Wall Street no longer can be trusted.

Don't Ever Forget This Before the Crash.

Sarah Palin and the Tea Party Hate Social Security

Sarah Palin and the Tea Party hate that people can keep their investments away from Wall Street! They are predatory vultures who have a vested interest in the middle class being scammed and raped by Wall Street. I have already proven that the Tea Party secretly loves the big banksters.  If you can't see that then discuss this in the comments below. I dare anyone to defend these people who have as their prime motivation pure greed. Check out Sarah Palin in the video showing her dangerous views. She is a neocon. The neocons want money to fund perpetual wars. They can get that money through their Wall Street buddies. That is what this is all about, the destruction of the middle class. And perhaps Karl Marx will be proven right, that capitalism is doomed to failure. This I know: Without a strong middle class, capitalism will certainly fail.

Regarding Social Security, the Wall Street/CNBC/Republican scam is to scare the younger people into thinking that social security will not exist. But the truth is, these young people have lost their shirts in the stock market lately and they know Wall Street pigs are greedy, scamming bastards.Do not let them get ahold of your social security money, which they want to use to gamble and place bets that may prove disastrous again for mainstreet.

Prosecute These People on Wall Street

wall street, new york:
Wall Street, NY 10005, USA

get directions

Peaceful protest of Wall Street by walking away from debt and by a refusal to trust this industry ever again will work in mainstreet's favor.


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    • bgamall profile imageAUTHOR

      Gary Anderson 

      2 years ago from Las Vegas, Nevada

      Well, being late in replying, I see that your hopes for Donald Trump have been wasted. He is incompetent, and dangerous. And he has fascist tendencies, sorry to say. He is a big disappointment, but I knew he was leaning to white supremacy a long time ago.

    • bgamall profile imageAUTHOR

      Gary Anderson 

      2 years ago from Las Vegas, Nevada

      Thanks for your support, Ralph. Well written.

    • S Leretseh profile image

      S Leretseh 

      4 years ago

      Bush , Cruz and Rubio are inconsequential players right now. Trump is the only one that matters. Trump will likely stop the raiding of the Soc.Sec. fund by the gov't. Hillary will NEVER do that.

      The Wall Street boys hv quite a racket going on right now...with the full support and blessing of the town-clown president...they drive stocks and commodities up and down at will, all in pursuit of their multi-millions in bonuses.

      Trump will reign these thieves in - they're scared to death of that guy. Hillary, the unaccomplished quack, it will be business as usual.

      I still believe America is doomed...and it's basically right now every man for himself i.e. try to beat the system every way you can.

      America can be saved if:: corporate and all gov't pension plans have got to go, civil rights laws MUST be eliminated; and all illegals MUST go home.

    • Ralph Deeds profile image

      Ralph Deeds 

      4 years ago from Birmingham, Michigan

      Nearly all Republican 2016 presidential candidates have called for cuts to Social Security benefits.

      Jeb Bush, Chris Christie, Ted Cruz and Marco Rubio all favor cutting benefits by delaying the age for full benefits; the retirement age is already set to rise to 67 for people born in 1960 or later. They say a higher retirement age is needed to keep up with longer lives. But data show that life expectancy is growing faster among the wealthy than among the poor, and poor women are seeing life expectancy decline. So raising the retirement age across the board would hit lower-income workers the hardest.

      Mr. Bush, Mr. Christie and Mr. Cruz have also endorsed reducing future cost-of-living adjustments in Social Security, even though there is no compelling evidence that the current adjustment is too high.

      Mr. Bush and Mr. Cruz have said that Social Security payroll taxes should be diverted into new private accounts for employees, a reprise of President George W. Bush’s failed privatization attempt in 2005. Private accounts do not enhance retirement security. They divert money that would otherwise finance Social Security to Wall Street and shift the risk from government to individuals.

    • bgamall profile imageAUTHOR

      Gary Anderson 

      9 years ago from Las Vegas, Nevada

      True Hxprof, the government is beholden to the corporations. I would suggest that if that ever changes, these programs will be more secure. It is interesting to note that the government and the populace are broke at the same time. That is very unhealthy. In Japan, the government is broke but the citizens are in pretty good shape. We may out Japan Japan. It will be interesting going forward.

      Thanks for clarifying your position, and I note your continued intelligent comments on my sites.

    • profile image


      9 years ago

      I'm cool with that bgamall, though I'm very interested in seeing the evidence regards SS being able to pay out 70% of its benefits.

      I agree with you that the banks/Wall Street should not get a penny of SS $$-that's why I called their argument a lie-privitization would hurt SS and benefit greedy folks in finance, not the common man. You and I agree on these things.

      Where we DO part is in seeing government as a solution. I see our government, and many governments worldwide involved in their own power grab-so does Ron Paul; look at the Libertarian views on government to see that they believe Big Government to be as much an enemy as greedy corporations.

      Again bgamall, re-read my comments-I believe we do agree on many points.

      Best to you.

    • bgamall profile imageAUTHOR

      Gary Anderson 

      9 years ago from Las Vegas, Nevada

      I have to part ways with your views Xprof. As I have tried to show Eovery, there would be benefits paid, though reduced, even if the fund was totally broke, with no IOU's, with nothing. The benefits would be paid by current working benefits.

      And no, as I have proved here with this article, but you don't seem to be reading, Hxprof, the Wall Street types are desperate for money to keep the casino going. They want SS money and they should not get it.

      I have proved at the link below that the Tea Party really loves the banksters and is against the borrowers who were victims of the ponzi.

    • eovery profile image


      9 years ago from MIddle of the Boondocks of Iowa

      You didn't explain how social security is not broke and how it can be sustained right now. Please explain.

      Keep on hubbing!

    • profile image


      9 years ago

      I belive what we have here is this: Republicans have tended to support the 'rights' of business over the 'rights' of labor. Democrats have tended to support the 'rights' of labor over the 'rights' of business...and on it goes.

      Neither side is right. Unions are just as greedy as businesses. How? They're all made up of humans; we're greedy by nature. Yet, both are granted protection through the constitution, or at least as the constitution has been interpreted for more than 100 years.

      The other problem is a government out of control. Even though some of the reforms passed to restrict companies that provide credit are well intended, it seems to many, including those in the Tea Party, that many of these regulations are unconstituional. Yes, socialism IS taking over in Washington, and many see no problem with it despite the fact that the real agenda is power...a lust for power that equals the lust for money that we see in banking and other industries.

      How to solve this? How do we deal with the greed in the human heart? The answer seems to be more government power, but that is not really an answer because most of those pushing for more government takeovers (exactly what it is) have their own lust for power; once this power is fully in their hands they'll use it as badly as corporations and unions have used it.

      The SS system has been seen as a problem for years; this isn't just a recent phenomenon pushed by 'the bankers'. I agree that the bankers and Wall Street want this infusion of cash, so they're trying to make it seem as though privitization is a solution-LIE. It's not a solution.

      The best solution to the SS mess is to gradually do away with the program. It's unconstitutional to begin with, so let's wean Americans off of it. I've been willing for years to let the government keep the money it's already taxed me for SS as long as I could opt out going forward. Some type of opportunity like this should be promoted to Americans-let those who want to opt out choose to opt out and MAYBE we'd be on our way towards solving at least THAT problem.

    • bgamall profile imageAUTHOR

      Gary Anderson 

      9 years ago from Las Vegas, Nevada

      Yes Steve what you say is true. We need to expose the Tea Party for the phonies they are. And word, it is leaking money, but it is not undone. That is a lie of the Tea Party and Palin and the rest of the traitors to mainstreet.

    • wordsscriber profile image


      9 years ago from California

      bgamall the social security system leaking cash. We must be financially proactive. Great Hub

    • steve8miller profile image

      Steven Miller 

      9 years ago from Ohio Great City of Dayton

      Well here you go again bgamall another great hub. The Tea Party candidates are all about dismantling Social Security and privatizing it. In my town the Tea Party has something like a Kroger plus card to donate to Tea Party rallies. So like 10 percent of your purchase goes to the Tea Part. So you get NO discount the business gives 10 percent to the Tea Part. Sick, we are in trouble they are great deceivers, may GOD help us all.

    • bgamall profile imageAUTHOR

      Gary Anderson 

      9 years ago from Las Vegas, Nevada

      Yes, Pcunix, this is true. Many very poor people love the Republicans as they steal from them. Both parties are stealing, but I guarantee you that the Republicans want Wall Street to make money off the bubbles and crashes with YOUR social security money.

    • Pcunix profile image

      Tony Lawrence 

      9 years ago from SE MA

      So many lies about "we can't afford".

      We CAN afford. All it takes is for the greedy blankety-blanks to pay the taxes they should be paying.

      What I hate most is that so many ordinary people buy the lies of the rich.

    • Hello, hello, profile image

      Hello, hello, 

      9 years ago from London, UK

      It is amazing but it is the same situation in England. They were critizing the Labour Party and Mr Brown till they were blue in the face. Now they cutting pension, cutting helicopters in Afganistan safe £16 billion, buying settees for Parliament for £4000, cutting police, cutting doctors. Before the Labour Party came into power they broght England to a standstill. I never seen anything a like. The Labour Party brought it into the 20th century. Every school was rebuilt around my area. Playgrounds redone, road swept and new busses. As a thank you the people voted them in again. Mind you in the north where the main power of the Labour Party is they closed the voting stations and tenth of thousands couldn't vote. They still didn't have the majority.

    • BobbiRant profile image


      9 years ago from New York

      Another excellent hub concerning the greed of American business, the Republicans and it is true, they can invest the money and run, as usual. I'm so sick of a few who hold the purse strings yet They have nerve to talk about Dems are socialists? They sicken me. I suppose if they can look in a mirror and convince themselves they aren't crooks, that have it made. ENRON for President anyone? Love this hub. The truth will always strike a nerve of someone.

    • amillar profile image


      9 years ago from Scotland, UK

      I reckon you've hit the nail on the head again.

    • bgamall profile imageAUTHOR

      Gary Anderson 

      9 years ago from Las Vegas, Nevada

      No, Eovery, don't let the banksters con you about social security. Even if you had to rely on current contributors you would get over 70 percent of your benefits.

      They want you to believe a lie because they want your money. Same as with ponzi housing and usury on credit cards, Eovery; it is just pure greed and lies.

    • eovery profile image


      9 years ago from MIddle of the Boondocks of Iowa

      Social Security is already out of money. How can it survive? It is dying a slow death, so how can you say this? Raise rates and make other pay for others retirements?

      This whole situation with SS is bad and it is raising its filthy head and roaring loud.

      I hate to see it go because so many have paid so much into it, and may not get any of it back. But a solution has to be found, and either it has to go away or fixed, which no one has a solution to.

      What is your solutions of saving social security?

      Keep on hubbing!

    • bgamall profile imageAUTHOR

      Gary Anderson 

      9 years ago from Las Vegas, Nevada

      I have come to call them Repub-stupid-licans. Or, as you have libtards, you can also have Repubtards. Or for neocons it could be neotards. Now those neocon guys are dangerous.

      I don't think that a violent uprising is necessary. We just need a quiet walking away from debt and refusal to play the bankster game.

    • justom profile image


      9 years ago from 41042

      Another great hub, I've come to dislike all politicians but Repub-lie-cons I detest. They've always done nothing for the working folks and everything to line their own pockets. It's gotten so bad I think only a total uprising of us poor schmucks will be the solution. All power to the people (where it belongs) Peace!! Tom


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