Michelle Fields gained notoriety by offending Matt Damon and mostly all educators in this interview. So of course, Fox 'News' scooped her up for her wisdom and insight. Why not ask this genius what she thinks about Social Security? After the crazy talk during Thursday night's Fox News GOP Debate, the Cashin' In crew decided to tackle the nontroversy. But one emerged as the craziest of the crazy.
'I think we should completely eliminate Social Security. I think it's unfair to young people, they're taking money from young people who are poor, who could invest and buy a home, and giving it to a lot of people who don't actually need Social Security...We shouldn't simply give money to people because they are old.'
Apparently, Michelle doesn't fully understand the concept of Social Security. She doesn't care that many people rely heavily for subsistence on the solvent and popular government program, but the fact remains that the people who are drawing on the funds have put the money in themselves! Here's the government breakdown of who needs and uses Social Security:
Among elderly Social Security beneficiaries, 52% of married couples and 74% of unmarried persons receive 50% or more of their income from Social Security. Among elderly Social Security beneficiaries, 22% of married couples and about 47% of unmarried persons rely on Social Security for 90% or more of their income.
She said liberals talk about this issue of fairness, but she claims that she's talking about fairness to young people. She thinks that she's not going to get this money ever, and Juan Williams reminded her,
'you'll get old too sweetheart.'
She disagrees, believing that she's never going to see that money, because freedom. Rodgers, Hoenig and even the 'Democrat' came to her aid.
Wayne Rogers went on about the mythical flat tax which has been shown to benefit the wealthy and agreed with Jonathan Hoenig that people should be able to opt out of the SS program.
'Democrat,' Jessica Tarlov feebly defended SS, but believes too that people should be given the option of opting out, as if this will solve the mythical problem of insolvency.
The only problem with all this fear-mongering: it's based on a lie. We know that SS is solvent until 2033 but the GOP enjoys this fear-mongering, especially their older demographic.