Family Security Matters » Publications » Exclusive: How to Stop Obama’s Socialized Healthcare and His Plan to Kill the Elderly

Family Security Matters » Publications » Exclusive: How to Stop Obama’s Socialized Healthcare and His Plan to Kill the Elderly

Ronald Reagan invoked the “shining city on the hill” metaphor to counter Jimmy Carter’s “era of limits” – he then set out and delivered the greatest era of prosperity by any society in the history of the planet. I worry that this current era of irresponsibility ushered in by Barack Obama and his Marxian philosophy will be countered by an “era of responsibility” that will merely take America back to its semi-socialist state. I worry that it will fail to improve on Reagan’s supply-side revolution. I worry about socialism undermining our magnificent free market system.

The politicians have run up an unfunded entitlement debt of $59 trillion for the Social Security and Medicare programs. That is $500,000 for every one of the 150 million households in America. The $59 trillion is the shortfall between what the Social Security Administration has to pay out in benefits in the future in excess of the payroll taxes they estimate they will collect.



It will be a true tragedy if America fails to reform its so-called retirement programs – Social Security and Medicare. A capitalist economy can surely provide an affluent retirement to its millions of citizens rather than the paltry starvation-avoiding monthly check it now delivers. Any reform of the Social Security retirement program should result in substantially increased monthly benefits as well as a sizeable nest egg to pass on to future generations. Today it delivers neither.

On the Medicare front, Congress is presently considering a universal health care proposal that has as its primary method of funding the rationing of care to the elderly most notably in the last years of life. We already have proof of how such a system would work. Britain has, in part, paid for its universal health care system by denying medicine and procedures to the elderly and infirm, generating cost savings through premature death. Costly medicines that prolong a heart patient’s life are routinely denied to the elderly.

I doubt there are Americans alive who want to commit an act of genocide on their elderly parents or grandparents. There surely is no need. The only problems the American people face to successfully reforming their retirement and Medicare systems to substantially increasing benefits and coverage are politicians who insist that government control the process. They want to tax the people then parcel out the benefits and that is where the rubber meets the road. Social Security and Medicare funding must be taken away from the government and securely placed in the hands of a trust solely owned and operated by and for the benefit of the people and accountable to each individual taxpayer for their Personal Pension Account.

Today the average American household earns approximately $50,000 a year and pays $7,650 in payroll taxes (if they are employed, their employers pay half of this cost to the government). During an average 40-year working life, those taxes amount to $306,000. If those taxes were invested weekly in the stock market
the taxpayer would end up with a $4 million nest egg and a $33,000 a month retirement check at the average rate of return of 40-year investments in the S&P 500, since those statistics were created in 1871.

The most egregious politicians who say everything is on the table to solve the Social Security funding problem except “privatization” are the real enemy of the American people. Privatizing means in the instant case taking back the payroll taxes from government and investing them to generate the $4 million nest egg and the $33,000 a-month check. Privatization is what our Founders did to England and King George – we privatized – we took back the taxes the King imposed and let the people keep them.

The Ownership Society Institute (OSI) has developed a plan for the people to take back their payroll taxes from government and invest them to pay for their own retirement and old-age medical needs. Why sponsor the genocide of old people just because politicians have been poor managers of government? Read and support OSI’s Rise Up America (RUA) plan at www.riseupamerica.us. Prosperity of the people solves so many of society’s problems.

In addition, RUA immediately extinguishes over $50 trillion of our unfunded debt. It pumps $125 billion a month of new capital into our capital markets to revive our half-dead economy. As it is a national pension plan for each individual, governments and their subdivisions and private businesses won’t have to fund costly supplemental pensions and old-age medical plans
. It will also be the biggest tax cut in U.S. history.

All we have to do is force politicians to do what we want, as opposed to what they want.