Seniors unfairly blamed

If Mega Insurance Agency (MIA) was able to finagle a government contract that allowed them to charge every working American 8 percent of his salary (6 percent Social Security, 2 percent Medicare) throughout his working life, they would have an awesome premium base.

Then, years later, when the insured Americans “aged out” and started claiming their rightful “annuity payments” and insurance benefits, and MIA reneged, the officers of MIA would be in the prison cells next to Bernie Madoff. It would be fraud.

Why are Social Security and Medicare referred to as entitlements instead of contractual agreements?

If people put 8 percent of their salaries in a savings account with MIA and 40 years later, when they tried to make a withdrawal, were told their money was needed elsewhere – perhaps to fund Solyndra – MIA would be in big trouble. No one would chastise the depositors for being greedy. Why then are senior citizens blamed for our economic woes?

Where is the $3.5 trillion premium base built up by the 8 percent taken from every working American’s paycheck over the years?

P.S. I am not, and cannot, get SS as I have another pension that makes me ineligible.

Sharon Traber

Spokane