Letter Template - Social Security and Medicare

Dear ____________________

As an elected offical I got to vote for I have the following concerns pertaining to Social Security and Medicare.

The U.S. Government SEC site defines Ponzi scheme as …

‘Decades later, the Ponzi scheme continues to work on the “rob-Peter-to-pay-Paul” principle, as money from new investors is used to pay off earlier investors until the whole scheme collapses’

In 1960 there were 5.1 workers paying into the system for each retiree, in 2004 the ratio was 3.3 to 1. It will be 2.2 to 1 in 2030.

The MOST conservative estimate in 2003 projecting payouts placed medicare and social security (again using conservative numbers based on COLA) at 45 trillion dollars. This does not even include the current drug plan that was recently added. These were 2003 figures and the number have grown.

As my elected official I have the following questions I want you to answer.

How is social security and medicare not a ponzi scheme?

Why does the federal government not have to follow the same generally accepted accounting and actuarial practices that you and your predecessors have legislated for business?

How does the Federal Government plan to pay us retirement based on these statistics? It just does not add up.

A business or family cannot cut their income and increase their spending without dire consequences. How is it that you think the government can cut income and increase spending? What are you doing about this?

We are going through dire times. Most of us are really looking for real solutions that have some longevity. Many of us could even stand some modest tax increase if we knew it would not be going to earmarks and be recklessly spent. But the fact is we no longer trust the government to which you are a member. We have become a debtor nation and you are spending my childrens money today. This bother me.

I want answers to these questions that make sense and are not political mumbo jumbo.

Sincerely,

_________________________________________

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