The Life of Julia

Under President Obama: Julia retires. After years of contributing to Social Security, she receives monthly benefits that help her retire comfortably, without worrying that she’ll run out of savings. This allows her to volunteer at a community garden.

Under Mitt Romney: Julia’s benefits could be cut by 40%.

via The Life of Julia ā€” Barack Obama.

Bleah.

This entire slideshow is so childish that it’s hard to know where to begin. I could tear apart every slide.

But why go overboard? Just look at this one. There isn’t a single honest person who believes that the current Social Security program will let a three year old today “retire comfortably”. Not unless magical elves bring us magic fairy dust money (that people will trade their goods and services for).

Nothing that “Julia” paid in Social Security taxes is left “when” she wants to retire … it all got paid out to then current SS recipients and Chinese holders of US bonds.

It’s not a savings program or an insurance program – it’s a tax on the one hand and a benefit program on the other, both given confusingly similar names.

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