If we elect Obama, Social Security as we know it today will possibly be in danger.  Obama believes that most Americans, including those on Social Security, are too rich.  He believes we keep our homes too cool in the summer, too warm in the winter, that we drive our SUVs too much and that we consume too much food.  So folks who have assets sufficient to survive without their Social Security payments and Medicare could possibly lose them if Obama is allowed to have his way.

However, I doubt this would save taxpayers any money since Obama has proposed reparations (disguised as deeds) to descendants of slaves.  This, no doubt will cost more than what will be saved by taking Social Security and Medicare away from Folks who paid taxes for these programs for years.   

Here's more on the subject:  

By INVESTOR'S BUSINESS DAILY | Posted Friday, August 08, 2008 4:30 PM PT 

www.ibdeditorials.com/IBDArticles.aspx

Barack Obama says Washington shouldn't just offer apologies for slavery, but also "deeds." Don't worry, he says, he's not talking about direct reparations. Relieved? Don't be.

Shane,

Will the Social Security savings be enough to pay reparations to descendants of slaves?

Fact check - The Social Security fund is not part of the national debt.Doing away with it will not change the National Debt by one cent (unless the government defaults on the loans that it got from the fund) As an old age insurance program, the fund had, as of 2006,a surplus of over $2 trillion. As a matter of fact that money is owed to the fund by the government because the fund has been a source of loans to the government to help finance the national debt.

The fund is projected to run out, if current economic projections hold, in 2042. If the economy does better than current projections, the fund could remain solvent indefinitely. It is this potential future problem that Republicans have,on several occasions, tried to solve. The idea being that a fix now will prevent a future emergency situation, and a fix now will be much easier that in an emergency situation in 30 years. Each time the Reps tried to deal with the problem, the Dems beat them up in the next election by telling old people that Reps want to take away their benefits. So now Reps will not touch the subject. It's up to the Dems to come up with a plan. I would not hold your breath.