Does the United States Government LIE to the American People? – Yes, Of Course the US Government LIES to the American People and One of the BIGGEST LIES Is That the Social Security Trust Fund Actually Exists – Sorry, the Social Security Trust Fund Is Nothing More Than IOUs Sitting In A Filing Cabinet In Parkersburg, West Virginia – Yes, OUR “Elected Leaders” Have For Decades Spent EVERY PENNY of the Social Security Payroll Taxes That We the People Sent to the US Government For Our Retirement – It Is Past Time For OUR “Elected Leaders” To Tell the Truth to the American People About the Massive Fraud That Is the Social Security System and Only Then Can We Reform OUR Tax System and Bring Some Sanity Back to the American Republic – How About Just Telling the Truth the American People? Is That Really Too Much To Ask? – Abraham Lincoln Had It Right….Tell the People the TRUTH!
Do the United States Government and its “Elected Leaders” lie to the American People? Of course, the US Government and OUR “Elected Leaders” LIE to We the American People all the time and one of the Biggest Lies that is told in our country today is that the Social Security Trust Fund actually exists.
Sorry, the TRUTH is that there IS NO SOCIAL SECURITY TRUST FUND because OUR “Elected Leaders” have spent EVERY PENNY of the excess Social Security Tax Money that We the American People have been paying for several decades now and the FACT is that the Social Security Trust Fund is really just paper IOU’s that are locked in a filing cabinet in Parkersburg, West Virginia.
The TRUTH that there IS NO SOCIAL SECURITY TRUST FUND and that OUR “Elected Leaders” have spent all of the excess money that We the American People have paid to the US Government with OUR Social Security payroll taxes means that the US Government is running the world’s largest Ponzi-scheme with the Social Security System and if any Americans or American companies tried to do the same we would be tossed into prison just like Bernie Madoff.
Here is a picture of the filing cabinet that holds $2.5 Trillion in IOU’s that OUR “Elected Leaders” claim is the Social Security Trust Fund but is little more than paper that can only be given to the US Government to trade money for and the US Government of course has to go out and borrow money from China and other foreign countries to obtain that money that OUR “Elected Leaders” did not save on our behalf which they claimed and promised they were doing all this time.
Here is an article by the Associated Press from March 2010 that tells the TRUTH about the NONEXISTENT SOCIAL SECURITY TRUST FUND.
“The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.
It’s time to start cashing them in.
For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.
Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.
Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg’s municipal offices.
Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn’t be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come.”
Yes, the American People need to understand that there is NO SOCIAL SECURITY TRUST FUND and that fact will start to be understood by Americans in the coming years because in 2010 the Social Security Administration has for the first time started to pull those IOU’s out of the filing cabinet in Parkersburg, West Virginia to cash them in with the US Government in order to pay current retirees that are receiving Social Security.
The recent tax deal that President Obama cut with the Republicans includes a 2 percent cut to the Social Security Payroll taxes that We the American People now pay to the US Government, which the US Government spends the minute it gets it, and that payroll tax cut has the Wacko Liberals in Congress scared to death because it will open a window into the TRUTH that there is no SOCIAL SECURITY TRUST FUND and that these Bastards have spent every penny of the money we gave to them to protect and save for the retirements of the American People.
Yes, the jig is about up about the Massive Fraud that OUR “Elected Leaders” have been running on the American People and the Wacko Liberals are very scared that the American People will find out the TRUTH because the Wacko Liberals gain their power by taking money from one group of Americans and giving it to another group of Americans and if they have to run a Massive Ponzi Scheme to perpetuate such a wealth transfer then they will do just that even if what they are doing would be a violation of US law if any of us ever tried it.
The follow article by The Hill details the worries of the Wacko Liberals about the recent tax deal that President Obama cut with the Republicans:
“Warning that a payroll tax cut would undermine Social Security, a group of House liberals introduced legislation Wednesday to eliminate the provision from the White House tax-cut deal.
Behind Rep. Lloyd Doggett (D-Texas), the Democrats maintain the one-year payroll-tax holiday will likely be extended in future years, leaving Social Security to compete with other programs for funding — and threatening seniors’ benefits over the long haul.
“There’s a very good reason why people pay Social Security taxes — so they’ll get Social Security,” Doggett said at a press conference in the Capitol. “I’d rather have nothing done in this area than to do great harm.”
Rep. Rush Holt (D-N.J.) warned the provision could dismantle Social Security’s ownership-based funding mechanism, in which workers pay into the program while they’re employed to tap the benefits in retirement.
“It undermines the very rationale of Social Security in ways that could do long-term damage,” Holt said. “As much as we need economic stimulus now, we will need Social Security for decades to come.””
Memo to Reps. Lloyd Doggett and Rush Holt: You are LYING to the American People about Social Security because there is NO SOCIAL SECURITY TRUST FUND and you Bastards along with every Democrat and Republican elected to Congress and the Presidency for the past three decades have been participating in a Massive Ponzi Scheme and it is time for OUR “Elected Leaders” to quit LYING to the American People and to TELL THE TRUTH!
What is to be done then about the MASSIVE LIE that OUR “Elected Leaders” have been telling to the We the American People about Social Security?
The first thing that needs to happen is that the Wacko Liberals and everyone else in Washington DC needs to admit their LIES and tell the American People the TRUTH about Social Security.
The TRUTH is that there is NO SOCIAL SECURITY TRUST FUND and that OUR “Elected Leaders” have spent every penny that we have sent them over the past decades that they claimed they were saving for OUR retirement.
Once OUR “Elected Leaders” tell We the American People the TRUTH then they need to quickly move to reforming the US Tax System which must be led by a new approach to taxing the American People that includes One Federal Tax Rate that collects all of the Taxes that the American People pay to OUR Government and that money will then be pooled into the General Fund of OUR Government.
The ONE Federal Tax Rate would eliminate all “Payroll Taxes” that are currently being paid by the American People and would look something like the follow tax structure:
One Federal Tax Rate Structure
Income, Capital Gains, Dividends (If you put it in your pocket or bank account it is INCOME and taxed at the below rates)
1 – $25,000 – 10 percent
$25,000 – $50,000 – 15 percent
$50,001 – $100,000 – 20 percent
$100,001 – Infinity – 25 percent
The above tax rate would be ALL OF THE TAXES that the American People would pay to THEIR US Government and the Social Security Trust Fund Fraud would be stopped and Social Security would be moved fully onto the books of the US Government. In other words, the stupidity of putting IOUs into the filing cabinet would be ended.
The second thing that would need to happen to end the Massive Ponzi Scheme that the current Social Security System is will be the recognition that not everyone should receive Social Security in retirement years because Americans with lots of assets and income should not be getting a monthly Social Security check.
Social Security should be immediately “means tested” and current and future retirees that have over “X” amount of assets and/or income in their retirement years should not receive Social Security because they DO NOT NEED THE MONEY!
We here at Mad As Hell And… do not want to receive Social Security in the future when we retire because we will take responsibility for saving for our own and our families’ retirement and everyone else in America that currently has the ability to fund their own retirement and will have that ability in the future should forsake their Social Security so that those resources can be focused on Americans that really need money to survive and live in retirement.
1. There is NO SOCIAL SECURITY TRUST FUND
2. OUR “Elected Leaders” have been perpetuating a Massive Fraud on the American People by LYING to We the People about the reality that there is NO SOCIAL SECURITY TRUST FUND
3. OUR “Elected Leaders” have spent EVERY PENNY of the Social Security Payroll Taxes that we paid to them to save for OUR retirements and in fact the Social Security Trust Fund is really just IOU’s that are sitting in a filing cabinet in Parkersburg, West Virginia.
4. Our “Elected Leaders” need to come clean and tell the TRUTH about the fraud that is the Social Security System and once the TRUTH has been told OUR country needs to move towards reforming the US Tax System that will end with One Federal Tax Rate and Social Security becoming a part of the General Budget of the country.
5. Once the US Tax System has been reformed and all Americans are paying One Federal Tax Rate then the Social Security must immediately become a program that is “means tested” and only Americans that really need Social Security to survive and live in retirement should receive Social Security benefits.
Before any of the above can take place the first thing that MUST HAPPEN is that OUR Government and OUR “Elected Leaders” need to quit LYING to the American People about the Massive Fraud and Ponzi Scheme that is the current Social Security System.
President Abraham Lincoln had it right:
“I am a firm believer in the people. If given the truth, they can be depended upon to meet any national crisis. The great point is to bring them the real facts.”
Its past time for OUR “Elected Leaders” to tell the American People THE TRUTH and either OUR “Elected Leaders” will tell the American People the TRUTH or the American People will take back THEIR Government and do it themselves.
Either way….THE TRUTH about the Massive Fraud that is the Social Security System will be told and completely understood by all Americans in the very near future and that means that…
THE LIES ABOUT SOCIAL SECURITY NEED TO END….AND NOW!