According to Obama, he could not guarantee that Social Security checks would go out on time if an agreement was not reached on raising the debt ceiling. Really? And just what does Social Security have to do with the unfettered and mindless spending that goes on in the District of Criminals, sanctioned by one president after another? From the CBO graph [attached], you can see that 40% of all receipts in the federal government come from our FICA investments. They have re-designated our investments as “receipts”, as revenue for their use.
What will never be admitted by the District of Criminals is that if the federal government stopped seizing the surplus today, the fund would remain solvent. The projections thrown out continually of just when the fund will run short are all premised on the continued theft of the surplus from invested workers.
The fact is that Social Security has nothing whatsoever to do with raising the debt ceiling unless of course you take into account the fact that 19.5% of the money owed by the federal government, is owed to Social Security as a result of decades of theft from that fund. This is an intra-governmental debt; a nice way of saying we continue to steal money from the investments in Social Security to pay for lots of other crap that benefit, us and our friends. The intra-governmental debt is accrued when money is stolen from one designated fund and used for anything and everything else. It is not money borrowed externally from countries like China and it is not money borrowed from the Federal Reserve. It is money collected as an investment for retirement that was seized and redistributed by the government to other government entities, agencies and programs to cover the loss of revenues generated and accrued after successive tax cuts for the upper 3% and corporations.
Retiree’s were held for ransom and dangled in front of the public as bait, but not one of those haggling over this confessed to the fact that Social Security continues to produce an annual surplus which is immediately seized by the federal treasury (IMF) and used for other purposes.
As noted here: Since the Greenspan Commission in the early 1980s, Social Security has cumulatively collected far more in payroll taxes dedicated to the program than it has paid out to recipients—nearly $2.4 trillion by 2008. This annual surplus is credited to Social Security trust funds that hold special non-marketable Treasury securities, and this surplus amount is commonly referred to as the “Social Security Trust Fund“. The proceeds are paid into the U.S. Treasury where they may be used for other government purposes.”
And this is what they are trying to eliminate:
- [*]Because of the mandatory nature of the program and large accumulated surplus in the Social Security Trust Fund, the Social Security system has the legal authority to compel the government to borrow to pay all promised benefits through 2037, when the Trust Fund is expected to be exhausted. Thereafter, the program under current law will pay approximately 75%-78% of promised benefits for the remainder of the century.[/*]
This is what the District of Criminals is trying to eliminate, the calling in of all the monies stolen from Social Security, due and payable to the investors in Social Security; the working class. Should the fund actually ever incur a shortage, the Social Security Administration could lawfully force the federal government to borrow money to cover the theft and to restore the 2.7 trillion stolen so far from the fund. In November 2009, The Economist estimated the additional federal tax revenue generated from eliminating certain tax expenditures, for the 2013-2014 period. These included: income exemptions for employer-provided health insurance ($215 billion); and various income deductions such as mortgage interest ($147B), state & local taxes ($65B), capital gains on homes ($60B), property taxes ($33B) and municipal bond interest ($37B). These total $557 billion. All of these steps together would reduce the projected deficit at that time by nearly half.
And every one of these proposed eliminations of tax expenditures unfairly and unequally targets the average citizen. That would be you. This is what most likely will come out of the District of Criminals as they actively and with malice towards the overall population, increase the average working family tax burden while protecting corporations which account for only 9% of revenues now and the uber wealthy. We are financing wars of aggression on behalf of the central banks and oil cartels that cost the country close to a trillion a year in borrowed money. At every opportunity federal expansion and funding of privately owned federal corporations who operate under a fraud on the public as “public service” agencies are funneled massive amounts of taxpayer funds; 80% of those funds targeted for forced compliance to federal encroachment on the states and their citizens.
Homeland Security, created under non-positive code & title, another agency operating unlawfully and without authority is unlawfully and unconstitutionally funded by the District of CriminalsTitle 6 Homeland Security. (formerly Surety Bonds, which was repealed; see Title 31)
Not revised, codified and enacted into positive law.
For 2011 Homeland Security is requesting somewhere in the area of 22 billion dollars to continue its assault on the US. And the District of Criminals will make sure they get every dime of it.
There are so many obvious and unnecessary agencies, expenditures and activities by the federal government and its police state apparatus that could be disbanded, outlawed, defunded and abolished that it is simply staggering to the mind to consider all of them. Of course, not one of these agencies will be abolished and the funding will continue to increase as the size and reach of the federal government increases with each successive presidency with the help of the D.C..
We are a country held hostage by our own government and the politically influential who are now in the process of deliberately turning us into a third world country while they enrich themselves. Apparently, the first to be sacrificed to the alter of unfettered greed and Crapitalism will be the elderly, followed closely by the working class.
Tags: social, security, funded, liability, theft, trust, fund, debt, ceiling
Location: Washington D.C., District of Columbia, United States (load item map)
Marked as: approved
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