Last updated: November 11. 2013 12:09AM - 1021 Views

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Pension woes

got start

on Day 1

There seems to be a problem with these public pension funds in this county, and this country. If they are run properly, there should be enough money to pay these people who also put money into them as well.

Why does everyone seem to be running out of money if they are not corrupt, or things mishandled?

The reason we are running short nationally is because these politicians set up their own little savings accounts for life, and I believe this is what is bankrupting this country today. If every president didn’t steal from that fund, there would be plenty of money to go around, but the Social Security system was set up.

The Social Security Act was signed by President Franklin Roosevelt on Aug. 14, 1935. Taxes were collected for the first time in January 1937, and the first one-time, lump-sum payments were made that same month. Regular, ongoing monthly benefits started in January 1940.

So, I’m thinking if this system was corrupt by every president since Roosevelt, these people saw all this money just sitting in this piggy bank and said, “What the heck, I’ll just throw in an ‘I owe you’ and pay it back some time.” Well, guess what? Nobody noticed there was money missing, so it became the norm for others who followed.

Here we are today with this system going bankrupt and they wonder why. I say, look back and see where it all began and hold those responsible (if still alive). Make them pay back their fair share that the stole from this fund. Only fair, don’t you think?

Also, while I’m typing, there is another issue I have to bring up: term limits for all politicians.

Michael Schappert



in Pringle

says thanks

Thank you to the voters of Pringle who supported and voted for me for the position of borough mayor in the Nov. 5 election.

Dorothy Peters


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