Stealing Your Social Security – Part 1

   You may be wondering what the Congressional Crooks have planned for 2011.  With the largest National Debt in the history of the U.S. and many other serious economic problems, I would anticipate that Congress plans to debate gay rights and abortion laws. 

   Fortunately, the American People are not going to allow our Congressional Crooks to get away with this nonsense any longer.  The American People demand decisive and sensible action from congress.   The most important issue that congress will address is why congress has allowed the U.S. Government to steal money from social security.

   Here are some facts that you may not know and I am sure that your U.S. Senator does not want you to know.  In Parkersburg, West Virginia, the U.S. government operates the offices of the Bureau of Public Debt.  The bureau of public debt is a division of the treasury department.  The offices were opened in the 1950’s.

   Inside the bureau, and stored in a three ring binder that is locked inside a metal filing cabinet, are IOU’s  from the federal government made payable to the social security administration.  For more than twenty years, the social security administration has collected more money in social security taxes than it has paid out in social security benefits. 

   The ethically correct action was for the U.S. Government to safeguard the People’s social security funds.  After all, every penny in social security funds was taken from a working American with the promise of returning it at a later date.  Presently, whatever a worker makes, the government takes 6.2% for social security.

   Let me emphasize three very important facts: 1) The U.S. Government takes money from a worker at 6.2% and the worker is NOT given any options regarding this. 2) The government has both a legal obligation and a moral duty to return funds to the worker upon the worker’s retirement as the law states.  3) The government has both a legal obligation and a moral duty to safeguard the social security funds under its’ control.

   Did the government do these things?  Absolutely not!!  For years the government has taken funds from social security and spent the money elsewhere and left IOU’s in the social security fund.  Was it the Republican Crooks or the Democrat Crooks who did this to the American People?  It was both.  For the past twenty years, regardless of which party was in power,  this immoral act has gone on.  Why would the Congressional Crooks do such a thing?  There are two answers to this question: 1) The main reason is that the Congressional Crooks thought that there would always be a surplus of revenue over benefits in our social security system.  Does this remind  you of 2007, when everyone thought that house prices would continue to go up forever?  This is stupid thinking even when real facts indicate otherwise.  2) The second reason is that our Congressional Crooks spend more money than we, the People, have in our treasury.  By stealing from social security, the Congressional Crooks learned that they could disguise the size of our yearly national deficits and hence disguise the size of our national debt.  It is nothing more than a vile Ponzi scheme by the U.S. government against the American People enacted by congress.

   Why is this so important now?  The answer is because the bubble burst and in fiscal 2010, the social security administration had to pay out more in benefits than it collected in social security taxes.

   So, what happens now and what does it all mean?  The federal government  now must pay back the money it ( stole or borrowed- take your choice ) from the social security funds.  Does the government have the money? NO!!!!!!!!!! So what happens?  If the federal government is fiscally responsible, it will borrow the money and increase our national debt accordingly.  If the government attempts to deal with the problem by just printing more money,  huge amounts of inflation will exist in America at the same time we have severe unemployment.  The last and final option is to increase taxes on the people and increase the already large social security tax.

   Wow!  That is a lot of bad news.  Is there anything else I should remember? Yes.  Remember that our Declaration of Independence states in part:  ” ,,,,  whenever any form of government becomes destructive  …  it is the right of the People to alter or abolish it.  …”

                                      R. Van Conoley

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5 Responses to Stealing Your Social Security – Part 1

  1. I don’t have the particulars at the moment, but I think social security was a separate encumbered fund until our infamous LBJ convinced congress to place the money in the general fund which is how he financed the death of 58,000 Americans and the murder of over 1 million Vietnamese. So we borrow to replace what has been evaporated and cannot be replenished as 30 workers paid in per benefit recipient whereas as now 4 workers pay in per benefit recipient.

  2. C. Hawkins says:

    Doesn’t the government actually get 12.4% Social Security? 6.2% from the employee and 6.2% from the employer.

    • R. Van Conoley says:

      Thank you for your comment. Yes, you are absolutely correct. I did not wish to make my article too long or complicated. An employer is required to match the individual contribution by federal law. R. Van Conoley

  3. R. Van Conoley says:

    Thank you for your comment. Possibly you might consider that when Congress enacted the law that did allow Social Security funds to be “borrowed” , the National Debt was not like anything that exists today. You have a valid point about the cap on the social security tax. Yet, with Congress ready to give tax breaks to the super=rich, how likely is it that that cap will be raised? Also, there is very little attempt by the Federal Government to stop Social Security fraud. R. Van Conoley

  4. R. Van Conoley says:

    Send your comments in. Looking forward from hearing from you. This is the highest rated post on my website judging by the total number of new visitors daily. Comments are needed. R. Van Conoley

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