hvactec
VIP Member
As Ive been reporting for quite some time now, trillions of our tax dollars have been looted by Wall Street, wars, global corporations and the richest one-tenth of one percent of the population. The economic crisis has made this blatant fact much more evident to the average person. Now that these elaborate schemes are coming undone and major cuts to vital social programs are beginning to be implemented, the American public is
going to get a harsh wake up call.
With cuts to Social Security on the way, and Obamas recent comments saying that he cannot guarantee that Social Security checks will go out if the debt ceiling doesnt get raised, its time to take a closer look at why politicians are pushing to cut this vital program.
The Social Security Trust Fund should currently have $2.5 trillion in surplus. So how is it that these checks could stop being issued if the debt ceiling isnt raised? Economics professor Dr. Allen Smith, author of The Looting of Social Security: How The Government is Draining Americas Retirement Account, has been reporting on the theft of Social Security funds for years. As he sums it up:
The governments $2.5 trillion debt to Social Security is the real reason that so many politicians want to cut benefits. They are trying to find a way to avoid having to repay the looted money . Given the fact that much of the surplus revenue from the 1983 payroll tax hike ended up in the pockets of the super rich in the form of income tax cuts, I propose a special tax on this group of taxpayers to recoup the missing Social Security money. The government used revenue from the Social Security payroll tax hike to fund tax cuts for the rich because that was where the money was. I think the government should recover the embezzled money by taxing the rich.
Here are reports by Dr. Allen Smith that we have featured over the past two years:
I: Its Time to Tap the Empty Social Security Trust Fund
II: The Social Security Fraud Has Finally Been Exposed
III: How Ronald Reagan and Alan Greenspan Pulled off one of the Greatest Frauds Ever Perpetrated against the American People
IV: Obama and the Social Security Time Bomb
V: Censored Social Security Book Back in Print
I: Its Time to Tap the Empty Social Security Trust Fund
AP writer, Stephen Ohlemacher, sent shock waves throughout the nation this week with his story, Social Security to start cashing Uncle Sams IOUs. Social Security has been running large surpluses ever since the enactment of the 1983 payroll tax hike, and was projected to continue running surpluses until at least 2016. Instead, Ohlemacher reports that the cost of Social Security benefits will exceed payroll tax revenue by approximately $29 billion this year, because of the severe recession which has reduced payroll tax revenue at the very time that many unemployed Americans have been forced to retire early.
read more How Republicans, Democrats and the Mega-Wealthy Stole Your Social Security Money | UFO'S BLOG PAGES AND WEB SITES
going to get a harsh wake up call.
With cuts to Social Security on the way, and Obamas recent comments saying that he cannot guarantee that Social Security checks will go out if the debt ceiling doesnt get raised, its time to take a closer look at why politicians are pushing to cut this vital program.
The Social Security Trust Fund should currently have $2.5 trillion in surplus. So how is it that these checks could stop being issued if the debt ceiling isnt raised? Economics professor Dr. Allen Smith, author of The Looting of Social Security: How The Government is Draining Americas Retirement Account, has been reporting on the theft of Social Security funds for years. As he sums it up:
The governments $2.5 trillion debt to Social Security is the real reason that so many politicians want to cut benefits. They are trying to find a way to avoid having to repay the looted money . Given the fact that much of the surplus revenue from the 1983 payroll tax hike ended up in the pockets of the super rich in the form of income tax cuts, I propose a special tax on this group of taxpayers to recoup the missing Social Security money. The government used revenue from the Social Security payroll tax hike to fund tax cuts for the rich because that was where the money was. I think the government should recover the embezzled money by taxing the rich.
Here are reports by Dr. Allen Smith that we have featured over the past two years:
I: Its Time to Tap the Empty Social Security Trust Fund
II: The Social Security Fraud Has Finally Been Exposed
III: How Ronald Reagan and Alan Greenspan Pulled off one of the Greatest Frauds Ever Perpetrated against the American People
IV: Obama and the Social Security Time Bomb
V: Censored Social Security Book Back in Print
I: Its Time to Tap the Empty Social Security Trust Fund
AP writer, Stephen Ohlemacher, sent shock waves throughout the nation this week with his story, Social Security to start cashing Uncle Sams IOUs. Social Security has been running large surpluses ever since the enactment of the 1983 payroll tax hike, and was projected to continue running surpluses until at least 2016. Instead, Ohlemacher reports that the cost of Social Security benefits will exceed payroll tax revenue by approximately $29 billion this year, because of the severe recession which has reduced payroll tax revenue at the very time that many unemployed Americans have been forced to retire early.
read more How Republicans, Democrats and the Mega-Wealthy Stole Your Social Security Money | UFO'S BLOG PAGES AND WEB SITES