Not a Problem Son.

Here son(that so called free american), let me take that money(Fica/medicare) from you so that you do not waste it. I'll take your money and set it aside(locked box) for your college education(retirement benefits).

Obediently(at gun point, with no choice), the son turns over his money(payroll taxes) to his mother(government nanny) for his best interest(because he is too inept to do it himself). Later, he graduates school and ask mother where will I go to college? Harvard, Yale or Princton?

Mother informs him that she had spent(to study why pigs stink) his college fund(that locked box full of IOU's). But, not a problem, I will go to the bank(China, the communist country) and borrow(on knees begging) the money to pay for your college(retirement), you will have to go to community college( that wopping SS check) and by the way, you children (future taxpayers paying a higher rate and recieving benefits later)will have to repay the note(with interest), but you will get your college education.

This is an accurate account of Social Security. This is your government nanny at work for you. Is there anyone in this universe that thinks this is acceptable?

Many of you will say: I can't do anything about it, why bother with it? Well, yes you can do something about it.

Get out of debt, start saving for your future as if SS/medicare did not exist, because it will not exist in the not so far future. Once you are of the mindset that you do not need the government, you will fight against any further intrusion on your prosperity and freedom. Get off your ass and do something about it.

Americans are pathetic socialist

You won't admit it, but it is the truth. There has never been an freer people than those who won the war of independence. They knew little to no taxation, they knew little to no regulation, but more importantly, they knew no social programs.

What kind of society has an tax code of 40+ thousand pages with an force of KGB/IRS agents out inforcing it?

What kind of society allows it's government to take 15.3%(45+ years and growing) of its income for an failed old folks ponzi scheme?

What kind of society pays people to sit around for up to 99 weeks(and growing) doing nothing?

What kind of government bails out private entities, owns large auto and insurance companies, pays its employees almost double the average wage of its taxpayers?

What is an society that has little to on savings, debt up its eyeballs, government debt beyond imagine, government safety nets that are funded by future generations.

WHAT THE HELL DO YOU CALL THIS SOCIETY? Let me answer this for you, you call it an pathetic socialist society. Very few in this country deserve to call themselves AMERICANS.

True americans would see this for what it is, it's a disgrace. Where is the movement to end this madness? Where is the call to privatize SS/medicare? Where is the call to get our inept government out of our housing, education and healthcare industries? Where is the call to demand no bailouts? Where is the call to get rid of our mind boggling tax structure? THIS IS NOT THE AMERICA OUR FOUNDERS BUILT.

Ask yourself these questions: What would I do differently if there were no unemployment, social security, medicare, medicaid, food stamps, fannie and freddie, welfare or pension plans? Well, you had better start changing your spending habits to prepare, because you will see the end of these unfundable social programs before long. It's time to pull your head out of the sand and face reality, face this reality as an free american and not wimper to further government control and fiscal abuse of future generations.

Personal Finance Tips

It seems that a large and growing segment of people and governments across the globe are hooked on the drug of debt. Too many people have also become heavily reliant on government programs.

Many European countries are struggling and nearing default on their massive pension liabilities. We have seen riots in a few countries as deficits continue to grow.

In america, we have massive debt, massive deficits and massive unfunded liabilities. Our mind boggling tax structure is anything but business friendly and would likely have our founders in tears. The only options on the table are to make an already bad business plan, worse.

I blame this on the people. For far too long, americans have grown to passive to government intrusion into their personal lives and the economy. This mindset has nowhere to go but to an eventual collapse, which will be very detrimental to our and future generations freedoms.

So, how do we fix this? Do we continue to trust our inept government? Or do we take back responsibility for our personal finances and lives? When an individual is not reliant on government, he will detest that government taking his freedom through taxation.

The average american applies way too much of his income to assets that depreciate in value. Most people have no idea how to allocate their incomes. Too many people are addicted to instant gratification and use debt to get what they want which limits their overall potential for wealth and overall prosperity.

Here is an seven step program to have as an financial plan, by Dave Ramsey.

1) Build an 1000k Emergency fund
2) Pay of all debts other than mortgage and large home equity loans.
3) Build Emergency fund to 3 to 6 months expenses.
4) Begin investing 15% of your income into Diversified stock mutual funds.
5) Any additional funds can fund college funds(529's).
6) Next, use any additional funds to pay down mortgage
7) Give. This can be done in parts after step three if you choose.

Ultimately, you want to have no debt other than your mortgage, have an EF of 6 months expenses and be applying at least 10 to 15% and more towards retirement savings.

Pay cash for all cars, tv's etc. If you do not have at least 10k in savings, you should not be buying cars worth over 5k, you should not be smoking(period), you should not be eating out, playing golf etc. Getting out of debt and saving an emergency fund should trump any luxuries.

If you do these things, you will prosper. You will also eliminate your desire for instant gratification and over consumption. You will eventually have wealth and be able to use it more wisely and abundantly.