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To: Hawkmoon who wrote (33965)5/19/2003 2:43:53 PM
From: MSI  Read Replies (2) | Respond to of 74559
 
<<the SS system is one of the primary causes of the tremendous budget deficit we currently have>>

It's simply a tax by another name, with no obligation by the feds to pay back any particular part of same to swindled taxpayers in their dotage.

It is well-administered -- it's just the gov't insiders who would risk jail if they uttered the fraudulent word "insurance", which exposes their power to rob taxpayers anytime they wish.

They pale in comparison to the real swindle -- a few trillion absent from DOD. Again.

What happened? -- pick one:

1) it's "waste", and we're agin it!, says major wealth-distributor Rumsfeld cbsnews.com

2) it's fraud
scoop.co.nz

If you carefully read all sides the conclusion becomes inescapable: American taxpayers are fleeced whenever and wherever possible, and the gov't agencies are in prime position to fleece them, DOD most of all, this administration the primo capo-tutti-capo of all administrations to suck the lifeblood under various and sundry excuses, threats, real and imagined, to feed the ongoing machine.

At least SS transfers a semblance of wealth to oldsters, means-tested or not. The industrial-military complex is simply in the business of making war on citizens of whoever can be fleeced, by whatever means necessary.

Have fun with videos - get a free copy of this defendersoffreedom.org
, or order one infowars.com. Ignore the sensationalism, but try to ignore the facts.



To: Hawkmoon who wrote (33965)5/19/2003 11:32:59 PM
From: elmatador  Respond to of 74559
 
Social Security is the means to bankrupt a country. Period. It worked before it will never work again. Period.

EX: Argentina, Germany, Brazil.



To: Hawkmoon who wrote (33965)5/20/2003 8:01:08 AM
From: Raymond Duray  Read Replies (2) | Respond to of 74559
 
BLOOMBERG'S CAROLINE BAUM -- ECONOMIC COMMENTARY

Hawkmoon,

Re: Actually, the SS system is one of the primary causes of the tremendous budget deficit we currently have..

Sorry, I simply cannot accept this twisted logic. The Social Security portion of government revenues is running a tremendous surplus. The cause for the deficit lies in abuses in the federal government's general ledger, not within the trust funds.

You are conflating the uses of this surplus with the cynical way that Congress and the Executive Branch regard the SSTF and the general Treasury as being basically fungible dollars.

I was made aware of this via the crystalline commentary of Caroline Baum of Bloomberg News. (More on Baum below...)

As you might be aware, Rep. Bernie Sanders recently demanded an audit of the Federal Budget from the White House. The White House declined. There are stories surfacing lately about vast amounts of money that are simply disappearing into thin air within the Department of Death, HUD and other agencies in mysteries that make the tea party of the Red Queen and Alice-In-Wonderland seem sane.

********
Some info on Bloomberg's Caroline Baum --

bloomberg.com

The specific articles where she drew a clear picture of the "swap meet" called the federal budget are now a couple years old and lost from my bookmarks.

You might have an interest in a new Baum feature, a half hour radio broadcast that is archived on the Web:

Scroll down to:

"Guests Partnoy, Coxe: Securities Law Settlement and SEC
Donald Coxe, chief strategist at Harris Investment Management, and Frank Partnoy, a University of San Diego law professor and author of "Infectious Greed," talk with Bloomberg's Caroline Baum on "No Nonsense," which airs on WBBR, about the $1.4 billion settlement by 10 securities firms for securities-law violations. Listen"

Frank Partnoy is one of my heroes. One of the most honest and intelligent commenatators on the Wall Street scene today. His book sounds really interesting.....

"Infectious Greed" --

amazon.com