Why Does the US Government LIE to the American People? – Well, If They Told the TRUTH There Would Be Another Revolution in America and Most of OUR “Elected Leaders” Would Be In Prison – Case In Point: There Is NOT ONE DIME in the Social Security Trust Fund But the US Government Claims There Is $2.7 Trillion Dollars in the Trust Fund – The Social Security Trust Fund Is Just Filled With I.O.U.’s and OUR “Elected Leaders” KNOW IT and Yet…They LIE About It – What If A Monkey Had Been Hired To Manage the Annual Social Security Surpluses Over the Last 25 Years How Much of REAL Assets Would the Social Security Trust Fund Have In It Today? – Try $7 Plus Trillion Dollars of REAL Assets Kicking Off Hundreds of Billions of Dollars of Dividends EVERY YEAR! – Yes, These Are Some Very Damn Stupid People In Washington DC and They Are LYING To YOU
In this blog post you will learn how the US Government could have hired a monkey 25 years ago to invest the Social Security surpluses that YOU as American Citizens have paid out of YOUR hard-earned money and sent to Washington DC and the monkey investing the Annual Social Security Surplus Money would have turned what is now a $2.7 Trillion Dollar debt owed to the Social Security Trust Fund by the US Government into a $7 Trillion Dollar surplus.
Something the American People cannot quite comprehend since most Americans are trustworthy and honest people is that the US Government LIES to the American People ALL of the time and one of the BIGGEST LIES is that there is even Dollar One in the Social Security Fund which now claims “assets” of $2.7 Trillion Dollars which are really just Special Issue US Treasury Security Bonds that can only be redeemed one way and that is by asking the US Government for that money which the Social Security Administration has begun doing in recent years to the tune of Hundreds of Billions of Dollars annually and with the US Government now running annual $1 Trillion Plus Dollar Deficits the TRUTH is that Social Security is now adding Hundreds of Billions of Dollars to the Debt of the American Republic every year.
This past week the Social Security Trustees testified before House Ways & Means Subcommittee on Social Security which C-Span was nice enough to televise….
…and in the above hearing the Social Security Trustees testified that there is currently….
$2.7 Trillion Dollars in the Social Security Trust Fund
That is nothing but Complete Horseshit.
Yes, the Social Security Trust Fund holds $2.7 Trillion Dollars in Special Issue US Treasury Bonds but they can only be redeemed by the Social Security Administration presenting those bonds to the US Treasury for money that can then be sent out to Social Security recipients and since the US Government is running $1 Trillion Dollar Plus Annual Deficits there is NO getting around the FACT that Social Security is now adding Hundreds of Billions of Dollars to the National Debt EVERY YEAR because there is NO MONEY in the Social Security Trust Fund to be drawn down to be sent out.
On the Social Security website there is a nice little graph that shows the growth of the Social Security Trust Fund since the National Commission on Social Security in the mid 1980s raised payroll taxes and thus created Annual and sometimes Massive Social Security Surpluses during good economic times and as those Social Security Surpluses flowed into the US Government the Sorry Ass “Elected Leaders” of the American Republic spent EVERY DAMN DIME of those Social Security Surpluses and issued what were nothing more than I.O.U.’s to the Social Security Administration that could only be redeemed by the Social Security Administration asking for the money they or rather the American People were owed so it could be paid out in benefits to people that were eligible for Social Security payments.
Here is a picture of George W. Bush standing in front of the filing cabinet at the Social Security Administration that holds the $2.7 Trillion Dollar in I.O.U.’s that is owed to Social Security by the US Government (Just the Facts: Social Security):
…with the Social Security Trust Fund now claiming it has $2.7 Trillion Dollars in assets which are really nothing more than I.O.U.’s that the Sorry Ass “Elected Leaders” issued to the Social Security Administration as they spent EVERY DAMN DIME and more of the Annual Social Security Surpluses that the American People sent to Washington DC.
Now, let’s go back in time to the National Commission on Social Security in 1983 and assume for a moment that America then had people in positions of leadership that could add 2 + 2 = 4….which was not the case for the most part and the same is TRUE today…and they had decided that instead of raising Social Security taxes and handing over the Annual Social Security Surpluses to the politicians in Washington DC that would of course spend ALL of that money and more…see the $15 Trillion Dollars in Debt now on the books to prove that TRUTH….that an independent entity that was separated from the US Government that the Sorry Ass “Elected Leaders” of the American Republic could not raid would handle the American People’s Social Security Surplus Money that We the People were sending to Washington DC.
In addition to creating this separate entity to manage the Social Security Surplus Money that We the People were sending to Washington DC to make things Very Damn Simple the independent entity could have hired One Monkey….
…who would have been sat down in front of a computer for 10 minutes each day where he would have hit a button on a computer that would have purchased with OUR Social Security Surplus money the stocks in the S&P 500 and as OUR money rolled in the Monkey would buy more of the stocks in the S&P 500 and this Monkey buying stocks with OUR money would have gone on from the mid-1980s to the end of 2011 and guess how much REAL MONEY would now be in the Social Security Trust Fund instead of the….
$2.7 Trillion Dollars in I.O.U.’s?
Well, here’s a chart that shows how much faster the value of the Social Security Trust Fund would have been growing over what is actually Bogus I.O.U.’s that can only be redeemed by the Social Security Administration by asking for money from the US Government….(Red Line in below chart is the growth of the Social Security Trust Fund with the ONE Monkey managing the Annual Social Security Surpluses):
Yes, right now even including the down years in the stock market between 1987 and 2012 during the Dot.com and recent Real Estate Bubbles when the market went down a lot in several years if OUR Annual Social Security Surplus Money that We the American People have been sending to Washington DC had been invested by ONE Monkey over the past 25 years in the stocks in the S&P 500 Index instead of OUR Sorry Ass “Elected Leaders” spending ALL of the Social Security Surplus Money and issuing Bogus I.O.U.’s the Social Security Trust Fund would have it in it today…
$7.375 TRILLION DOLLARS
…of REAL assets in the form of the stocks that make up the S&P 500 and that $7.375 TRILLION DOLLARS in stocks of the S&P 500 would be paying to the Social Security Administration in the form of dividends from the stocks owned by the Social Security Trust Fund….
$220 Billion Dollars in dividends
….EVERY YEAR without selling even ONE Dime of the investments in the Social Security Trust Fund.
Yes, the mismanagement and even what we consider to be FRAUD of OUR “Elected Leaders” spending the Annual Social Security Surpluses that We the American People sent to Washington DC to be saved by the Social Security Administration for our future old age pensions which was ALL SPENT is no different from the Complete Disaster in the CalPERS (California Pension Fund for Government Workers) which could have hired ONE Monkey 30 years ago to just buy S&P 500 stocks and CalPERS would have an additional….
$100 Billion Plus Dollars
….on hand today for future pension obligations.
See the following for the TRUTH on CalPERS:
Not Only Would the California Government Pension Fund, CalPERS, Be A LOT BETTER Off Today If It Had Hired A Monkey To Handle Its Investments A Year Ago If CalPERS Had Hired Monkeys Thirty Years Ago It Would Have More Than $100 Billion Dollars MORE On Hand Today! – Oh, There Are Some Very Damn Stupid People Working At CalPERS! – Fire the Morons Jerry Brown….and Hire the Monkeys!, Mad As Hell And…, June 14, 2012
Of course, look no further than the US Treasury’s website….
…which details the National Debt which includes Intragovernmental Holdings of $4.7 Trillion Dollars which includes the $2.7 Trillion Dollars that the US Government OWES to the Social Security Trust Fund which now has….
NOTHING IN IT.
Going back to the ONE Monkey buying S&P 500 stocks between 1987 and 2012 with the Social Security Annual Surplus Money the ONE Monkey would have piled up….
$7.375 TRILLION DOLLARS
…in the Social Security Trust Fund and since the Social Security Trust Fund is now owed….
$2.7 Trillion Dollars
….by the US Government and has NOTHING IN IT that is a….
$10.105 TRILLION DOLLARS Difference
….between what the ONE Monkey could have piled up in the Social Security Trust Fund and what is NOT in the Social Security Trust Fund today.
Yes, we are thinking the same thing….
The American Republic is run by Complete Morons that due to their Idiocy, Stupidity, Foolishness, Lack of Concern about the Country and just downright being Very Damn Dumb People have cost the American People over…
$10 Trillion Dollars
….just on their mismanagement of the Trillions of Dollars that the American People have sent to Washington DC from OUR hard-earned money for OUR future Social Security pensions.
Yes….it be TRUE….the Monkey wins again over Government Workers and does anyone doubt that the Monkey could have found Osama bin Laden a lot quicker than almost 10 years?
We sure the Hell don’t!