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Government loots Social Security by raising your retirement age

February 21, 2012
Brasscheck TV

These two guys at MSNBC break down the numbers and the math behind the looting of your Social Security.

You’ve paid into it your whole working life, but if the government can raise the full retirement age from 65 to 70, that’s over $63,000 that they won’t have to pay back.

And that’s just ONE way to rob the middle class…

One Comment leave one →
  1. February 22, 2012 7:11 am

    The problem with Social Security is NOT that it is underfunded but that it is over funded. The average recipient receives about $500,000 over their lifetime. However, if the funds were simply invested in long-term government bonds the account would have grown to over $1.000,000. Where does the money for? It goes to 30 year old healthy men and women who have qualified for disability, it goes into the hands of a bloated bureaucracy, its simply goes down a 1000 rat holes. You can read the whole sordid tail at The Daily Bell. Go to

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