If I hear another person say Social Security is a Ponzi scheme I am going to bite someone. Social Security is fully funded for the next 25 years, and even after that can pay 80% of its benefits without any modifications.
Republicans have wanted to destroy YOUR social safety net since its inception, and now Obama and the neoliberals are willing to help them do it.
They have started the process by declaring so called 'payroll tax holidays' that are designed to cut the funding that SS receives through payroll taxes, and replace it from general revenue at a later date. This means that they can then say SS is contributing to the deficit and open it up to budget cuts, which it was designed NOT to do.
Don't fall for this cynical lie that is designed to impoverish you and line the pockets of Wall Street hedge fund managers and the obscenely wealthy, all of whom pay a lower tax rate than you do.
For the past 5 days, people from all walks of life, numbering from 3,000 on Saturday, to hundreds today, are protesting in the financial district in New York to force Wall Street and the banks, who caused this financial catastrophy, to own up to their guilt and responsibility. You won't see it in the papers or mainstream media, because they are owned by the very corporations and wealthy individuals who have stolen and continue to steal the wealth of the nation.
We ought to be in the streets demanding that the politicians stop this insane austerity hysteria. They need to increase marginal tax levels on the wealthy to what they were after WWII, slap a transaction fee on every transaction made on Wall Street, and strip corporations that offshore jobs of their ruinous tax breaks.
We do not have a deficit or spending problem. We have a revenue problem, but that is the last thing you are ever going to hear from the people who are waging class war on you and convincing you to vote and act against your own self interests.
You are going to have to smarten up, and do it fast, or you are going to belong to the serf class that fights for scraps at the foot of the table of the filthy rich who have stolen the wealth of the country by buying the politicians who then create the legislation that makes it possible.