I am really having trouble understanding something after being in the US for the last few days.
The news is being dominated by discussion of the new government funding plans and how they could affect Social Security. And I am wondering if I am the only one who thinks there is something rotten in the state of Washington D.C.
When the accounting executives of companies like ENRON used the employees' pension funds to cover their spending and eventually their mounting debt, those guys were sent to jail because according to U.S. law, it is illegal to spend money that has been paid in by employees toward their pensions.
Now the U.S. government, in its "debt talks" (yeah, WHY are we just NOW having those??) has warned that there is a possibility that Social Security benefits could be affected (or cut or even lost) because of the solutions being proposed. So in essence, as a way to cover their spending and eventually their mounting debt, the government is considering dipping into the funds that many seniors 1) paid into all their lives and 2) depend on for their livelihood.
I really do not understand how these 2 situations are different from one another.
And honestly, it makes me sick to my stomach to think about an 80 year old lady, sitting in her apartment right now, wondering if she will receive her SS check next month so she can afford to buy groceries and pay her rent... THAT SHOULD NEVER HAPPEN!