What every American needs to know about Social Security...
Social Security is not an “entitlement” program."
"The federal government does not fund Social Security,
Social Security funds the federal government."
By Marti Oakley
Contributing Writer
Activist Post
ppjg.wordpress.com
A long coveted cut to Social Security and Medicare is going
to happen. This will occur for reasons none of the politicians
in the District of Criminals will ever speak about publicly.
There is far more at stake here than what the District terms
an “unfunded liability”. When you hear those in the District
speak about this liability, you need to understand what they
are really saying.
This is an intra-governmental debt, meaning; a debt accrued
within the government. It is a liability to the federal
government because it is owed to “you” and they have no way
of paying it back without taxing you more heavily.
You are the “full faith and credit” of the United States
corporation. That means government runs up the bills and
we pay it.
The federal government now includes Social Security in its
debt portfolio, not because the program is insolvent or ever
was, and not because the Federal government has to fund it in
any sense (SS is funded by your investments) but because the
Federal government has stolen so much money from the fund,
then sold special treasury securities on those stolen funds
to countries like China to finance the massive debt accruing
across the board. Since there is no chance the national debt
can ever be repaid, the Fed is now in the position of finagling
the discharge of internal debt from the books. Look at it as
a form of back door bankruptcy.
The federal government DOES NOT fund Social Security!
Social Security funds the federal government.
Since the Johnson Administration of the 60s, the S.S. fund
has been plundered and the surplus from the fund used to
finance wars and the daily operations of the federal government.
This came as a result of Johnson declaring that these surplus
funds would be added to the general fund. Once there, the
funds could be used for anything and everything.
As only one example:
The Bush2 Administration had to cover the loss of revenues
from the welfare tax cuts to the upper 3%.
It was imperative that the administration be able to cover up
the loss by showing a presumed increase in revenues that was
supposed to have resulted from this preferential treatment of
the uber wealthy. Surplus funds were stripped from SS, along
with any unused funding from any other program, then added to
the general revenue column as though these increases were
generated as an actual result of the welfare tax cuts.
These stolen funds with their new designation as “revenue”
were then used as proof that these welfare tax cuts were
beneficial. Its all a lie, and one the middle and working
classes are about to pay the bill on.
Every administration has, without exception used the same
tactics to hide preferential treatment of their buddies;
to cover up expenditures for things most of us would find
highly objectionable.
Most of the American public is totally clueless as to the
deceptive accounting practices being used to fool them, and
most still have no idea that the budget presented to the
public is the simplified budget and only includes carefully
presented revenues and expenses meant to portray a specific
picture of the nations financial dealings.
And many more of us are totally unaware that there is another
budget referred to as the “unified budget” which shows all
revenues from every source and every expense of any kind and
a budget which, if we were to view it and understand the true
implications, would most likely scare the beetlejuice out of
most of us.
Note: Even the unified budget does not itemize, contain or
otherwise acknowledge the funds diverted to “black ops”…
no one can know that for some reason.
Black ops are the clandestine operations performed by various
organizations within the government and usually the CIA and
are said to cost the country billions each year.
Don't forget what happened the day before 911:
Pentagon reports $2.3 Trillion Dollars missing...
youtube.com
The stolen SS funds are now approaching 3 trillion. That
is 3 trillion dollars of FICA taxes gleaned from generations
of workers for a specific purpose that the federal government
stole and then sold special treasury notes on.
This is a debt owed by the federal government (USA Corp) to
the investors (all you workers) that they never had any
intention of paying back and is why it is referred to as
an “unfunded liability”.
It is a massive cash liability for a debt owed to generations
of working Americans. As the amount stolen from the investments
of workers grows so does the unfunded liability incurred.
At this point, one or more things must happen to protect the thieves.
In what can only be described as a another case of nationalizing
the losses and privatizing the profits, we have the District
career criminals calling for raising the age of retirement as
one option to curtail the number of people able to access
their investments in Social Security.
This means fewer people leaving the job market and conversely,
fewer jobs available to those entering the job market. A
really crappy idea considering the millions out of work now
and only one job available for every five applicants.
Another option proffered is cutting the amount of benefits.
This one is really sneaky! You are supposed to think that
by cutting benefits this will somehow offset any future
shortfalls in Social Security. Here’s what it really does:
It increases the amount of SS surpluses accrued because it
lowers the amount being paid out of the fund and increases
the funds available to the ongoing theft of your investment.
While millions are out of work and not investing in Social
Security, this scam will reduce payouts while maintaining
virtually the same level of surplus the Federal government
is going to steal.
The favorite of course, is to collapse Social Security altogether...
“Therefore, Obama’s commission may recommend a variety of
tactics to strip the program: instituting benefit cuts,
increasing the age in which benefits are received, and
introducing a limited option for personal accounts. Also
possible is the implementation of a tiny, ineffectual tax
on the rich to give the illusion that everybody is making
sacrifices.”
I am always amazed at the hyperventilating of those who scream
“It’s a ponzi scheme!” I have news for you; so is the stock
market and so are your insurance policies.
You invest in each of these with full expectation of reaping
more than you sowed. In each of these situations, a system
of perpetual funding is devised with a promise of future
profitable expectations by you. The difference is this;
Social Security is not operated with the intent to profit,
but the insurance company and stock market is.
Social Security is NOT an unfunded liability.
Social Security is very well funded by American workers. The
federal government is the unfunded liability, but covers this
liability by stealing the retirement investments of workers.
Yet there are those out there who are now trying to reframe
this issue by claiming that there never was a Social Security
trust fund, and that FICA taxes collected to cover your
investment in that fund aren’t really investment taxes...
this is just an additional tax levied on you for some vague
reason and therefore its quite alright for the federal
government to seize these funds for other purposes.
Many people believe that Supplemental Security Income (SSI)
is the same as Social Security. Supplemental Security Income
(SSI) is a Federal income supplement program funded by
general tax revenues (not Social Security taxes):
ssa.gov
The program is administered by the Social Security
administration so that the costs of administration are
shifted to SS, but the funding for claims is not from your
investment in Social Security.
Those who are beating the drums for ending social security
as they allow themselves to be consumed by political rhetoric
that bears little resemblance to the truth, need to do some
real research on the actual benefits of this program as
opposed to allowing those doing the talking to paint this
program as an “entitlement” and some form of welfare that
was unearned.
Social Security is an investor funded program that has also
been used to fund the government, it is NOT an entitlement
program, nor was it intended to be any form of welfare.
The “entitlement” the government speaks of would be more
aptly applied to them; they feeling they are entitled to
avail themselves of our investments and use that money for
whatever they choose to. This amounts to a second and third
round of taxes as many of our payees are forced to pay taxes
on their benefits each year after being taxed over their
working lifetime to fund their investment.
The third tax is exemplified in the theft of surplus funds
the government can’t pay back.
Extra demands are put on Social Security as illegal aliens
are granted access to the fund without actually having
contributed to it to any degree.
An illegal alien from Mexico, can come here, work under an
admitted assumed name, work as little as three quarters and
return to Mexico and make a claim against Social Security.
The summary of the GAO report contained this statement...
GAO Report:
“Under the Social Security Act, all earnings from employment
in the United States count towards earning social security
benefits, regardless of the lawful presence of the worker,
his or her citizenship status, or country of residence.
Immigrants [both legal and otherwise] become entitled to
benefits from unauthorized work if they can prove that the
earnings and related contributions belong to them. However,
they cannot collect such benefits unless [or until] they are
either legally present in the United States [hence the
Administration's Guest Worker Program], or living in a
country where SSA is authorized to pay them their benefits.
[Hence an SSA office in Mexico City] Mexico is such a country.”
gao.gov
The upshot of all of this is: Social Security is not only
paying for wars, government expenses, and other non-related
purposes, it is also covering the loss of revenues resulting
from the welfare tax rates given to the uber wealthy and to
fund illegal immigration, an activity that is bankrupting
communities across the country.
At the same time it is still producing a surplus above and
beyond all claims of any kind made against it, although if a
real effort isn’t made soon to create and secure jobs here
in the US, many things along with Social Security are going
to disappear.
And many of you think this would be just great as long as
long as you are left untouched by it all, and many of you
for some reason believe you will somehow be exempt; that your
life will be unaltered or unaffected.
I have news for you: No one will be spared.
_____________________________________
Resources:
Mexico Totalization Agreement
tscl.org
Proposed Totalization Agreement with Mexico Presents Unique Challenges
gao.gov
SSI Fund
ssa.gov
Special Treasuries Securities
ustreas.gov
Social Security funds stolen by government
ppjg.wordpress.com
The Drive to eliminate Social Security in America
ppjg.wordpress.com
The real unfunded liability —the federal government 2008
ppjg.wordpress.com
Marti Oakley is a political activist and former op-ed
columnist for the St Cloud Times in Minnesota. She was a
member of the Times Writer’s Group until she resigned in
September of 07.
She is neither Democrat nor Republican, since neither party
is representative of the American people.
She says what she thinks, means what she says, and is known
for being outspoken. She is hopeful that the American public
will wake up to what is happening to our beloved country . . .
little of it is left. Her website is The PPJ Gazette:
ppjg.wordpress.com
_____________________________________________________________
Wake Up America...
It's not a conspiracy theory,
it's a business plan.
SOT "V" B
PS: Not worried about this issue because you don't think
you'll need your Social Security check for financial survial?
Don't be too sure.
Remember what the CBO said in 2008, before the Bush banker bailouts
and before the Obama Stimulus Spending bill. You know, about $23.7
trillion dollars ago... about how high they must raise your income
taxes...
Message 25955028
Quoting the Congressional Budget Office:
heritage.org
"TAX RATES would need to be raised by "substantial" amounts to
finance projected spending. Specifically, "the TAX rate for
the lowest bracket would have to be increased from 10 percent
to 25 percent; the TAX rate on incomes in the current 25 percent
bracket would have to be increased to 63 percent; and the TAX
rate of the highest bracket would have to be raised from 35
percent to 88 percent.
The top corporate income TAX rate would also increase from
35 percent to 88 percent."[4]
"Such TAX RATES would significantly reduce economic activity
and would create serious problems with TAX avoidance and tax
evasion. Revenues would probably fall significantly short of
the amount needed to finance the growth of spending;
therefore, TAX RATES at such levels would probably not be
economically feasible."[5]
-----------
I want you to pause here for a moment.
Read that last paragraph again from the CBO.
The CBO said "TILT" - game over.
And they admitted that income tax rates MUST DOUBLE
not to meet rising government spending, but just to service
the debt.
And remember that those comments were BEFORE the September
2008 financial collapse and $23.7 trillion in new bailouts
and banker backstops.
So what is it that you don't understand about what the CBO
laid out for America's future?
America is bankrupt, and there is no way to deliver upon
the promise of social security, medicare and medicaid.
And it's not just the CBO saying it...
Former U.S. Comptroller General David Walker told the truth
over two years ago with this appearance on 60 Minutes.
youtube.com
David Walker quote on Social Security, Medicare, and Medicaid:
"These are massive entitlement programs we can no longer afford.
If we do deliver on the benefits, there will be no money
for national defense, homeland security, or education.
"The Medicare Problem is 5 times greater than the Social
Security Problem."
I used to be a big fan of David Walker, but no more. Walker's
role was to sound the alarm on the problem, while his boss,
CFR honcho, and Rothschild front Pete Peterson's job was to
present the solution, raising the retirement age and cutting
benefits.
Plans currently being considered to make Social Security
solvent include raising the retirement age AGAIN. And
remember, raising the retirement age is the same as
cutting benefits by up to 35%. Funny how the mainstream
media never translates the raising of the retirment age
into benefit cuts.
And as far as raising the retirement age... getting laid
off in America today if you are over the age of 50 is the
equivalent of an economic death sentence, and they know it.
They are literally culling the post-industrial herd,
and we're the herd.
Both the CBO and our former comptroller general have stated
there will be no money for the military-industrial complex
and Homeland Security if the government pays the benefits
promised and paid for by the American people.
Hmmm?
THEY either default on our benefits, or THEY go broke,
and lose both power and their jobs.
Here's a quick Darwin Test:
Which option do you suppose they're going to choose?
Now run your budget with these CBO income tax rates cited
above and tell me how much disposable income you're now
going to have over the coming decade.
And let's not forget to calculate what Obama's EPA and the
bankster's Cap & Trade, carbon trading agenda is going to do
to your utility bills and gasoline costs... something about
"prices will necessarially skyrocket" wasn't it?
Where's oil today?
Where will it be in a year, or two under Obama's EPA,
let alone with Cap & Trade, carbon taxes?
And where will it be if their long ago scripted 3rd
"Ordo ab Chao" world war breaks out in the Middle East,
as they eliminate nations and cultures who are resisting
economic dictatorship by the international central banks
and their debt-based, fiat-slave money system?
Then throw in a couple of more "flash crashes" to shakeout
what you have left in the stock market, not to mention a
a windfall profits tax on your gold & silver holdings.
Remember those 1099 reporting requirements snuck into Obamacare?
How valuable will your gold & silver holdings be when,
not if - they are subjected to a 90% windfall profits/capital
gains tax when you go to cash them in?
Taxing/confiscating gold's a conspiracy theory you say?
It's not like it wasn't done here before, and at least two
major international banks take it seriously enough, that
they've built new bullion vaults to store private clients,
and high net worth investor private gold holdings, outside
of the USA...
LONDON -
"Speaking at the FT Silver conference in London yesterday,
lead-off speaker John Levin, HSBC Bank's Managing Director,
Global Metals and Trading (HSBC is one of the world's top
precious metals traders and its vaults in the U.S. and Europe
hold huge holdings of gold and silver bullion) recounted
conversations with some of the U.S.'s top asset managers
controlling massive amounts of capital asking if HSBC had
the capacity in its vaults to store major gold purchases.
On being told that the bank's U.S. vaults had sufficient
space available he was told that they did not want their gold
stored in the U.S.A. but preferably in Europe because they
feared that at some stage the U.S. Administration might
follow the path set by Franklin D. Roosevelt in 1933 and
confiscate all U.S. gold holdings as part of the country's
strategy in dealing with the nation's economic problems..."
mineweb.com
"Deep beneath the Swiss Alps, nervous Germans are storing
gold in military bunkers that have been sold off by the Swiss
state. Mindful of the hyperinflation that wreaked havoc in
Germany during the 1920s, German investors have been at the
forefront of gold purchases in Europe. A growing number are
keen to store the precious metal outside the banks, which
have been distrusted since the onset of the credit crunch.
And, with the future of the euro in doubt, investors are
seeking a refuge against the threat of monetary depreciation
and want to store gold outside the eurozone.
Switzerland is cashing in on those concerns. Old military
bunkers in the Bernese Oberland now serve as maximum security
vaults for nervous Europeans. They come equipped with
sophisticated alarm systems and armed guards and are designed
to withstand terrorist attacks, natural disasters and even a
nuclear war..."
guardian.co.uk
marketwatch.com
HONG KONG (MarketWatch) -- Hong Kong is pulling all its
physical gold holdings from depositories in London,
transferring them to a high-security depository newly built
at the city's airport, in a move that won praise from local
traders Thursday.
The facility, industry professionals said, would support Hong
Kong's emergence as a Swiss-style trading hub for bullion and
would lessen London's status as a key settlement-and-storage
center.
"Having a central government-sponsored vault would create a
situation where you could conceivably look at Hong Kong as
being a hub, where metal could be traded for the region,"
said Sunil Kashyap, managing director at Scotia Capital in
Hong Kong, adding that the facility was the first with
official government backing in the region..."
marketwatch.com
And how about food?
Sure, you know there's already 40 million Americans on food
stamps, but you're fine, you can afford all the food you want.
Well that may be true today, but how about tomorrow...
Did you ever think you'd live to see a day where orange
juice would become a "luxury item," affordable on a regular
basis only to the wealthy?
telegraph.co.uk
Still don't believe there's inflation? Think food and
energy don't count?
See MIT's new "real world" inflation index:
zerohedge.com
"US inflation rate 10.6% ?"
zerohedge.com
Okay, okay... so food and energy prices are rising. Still
not worried because you also have a gold-plated pension,
and ample savings in your private retirement account?
Let's not forget the movements underway to seize and
privatize not just Social Security by the Republicans,
but also private retirement accounts by the Democrats...
"Democrats in the Senate on Thursday held a recess hearing
covering a taxpayer bailout of union pensions and a plan to
seize private 401(k) plans to more "fairly" distribute
taxpayer-funded pensions to everyone."
market-ticker.org
"In a nutshell, under the GRA system government would seize
private 401(k) accounts, setting up an additional 5%
mandatory payroll tax to dole out a “fair” pension to
everyone using that confiscated money coupled with the
mandated contributions. This would, of course, be a sister
government ponzi scheme working in tandem with Social Security,
the primary purpose being to give big government politicians
additional taxpayer funds to raid to pay for their out-of-
control spending."
"The Obama Administration has requested the Departments of
Labor and Treasury to provide information regarding
the "annuitization" of private 401K plans through "lifetime income options."
humanevents.com
Lifetime income options paid by and controlled by the same government
that looted Social Security... the same government that is now forming
public-private partnerships with organizations like SEIU...
"SEIU, Coalition Partners Launch Retirement USA Initiative"
seiu.org
"Unions want to sezie your 401K to bailout their bankrupt pension plans..."
moneynews.com
Don't believe the "government" would ever seize your
private retirement account, or pension?
Perhaps the only thing more naive than that, is believing
that you're actually going to collect on the one you've got...
"92.7% of US Pensions are underfunded, and on average, only 46% funded."
futuremetrics.com
"Corporate pension funding shortfalls are a major operating
cash flow problem for the corporations that experience
shortfalls because by law corporations must finance pension
funds to 100% over time. Pension fund shortfalls were
problematic for most companies even before the financial
crisis. Post crisis, the number of pension funds that are not
100% or better funded has increased from 67.6% in FY 2008 to
92.7% in FY 2009 ending in June. The median funded level is a
mere 46%.
The pension funding shortfalls crisis initially appeared
between 2002 to 2003 from a combination of falling stock
prices and interest rates. The combination turned thousands
of previously fully funded pension plans into underfunded
plans."
And let's not forget that 46 of the 50 states are now
officially recognized as being bankrupt. You saw last
week what happened in Wisconsin. It's only the beginning,
and California will be bigger than the PIIGS crisis ever
dreamed of being...
"States of Crisis for 46 Governments Facing Greek-Style Deficits"
bloomberg.com
It's time to go Egypt on the NWO.
Rise up and take action,
or rollover and die.
That's your choice America,
you have 15-18 months max,
and the clock's ticking.
You're not seeing democracy arising in the
Middle East, you're seeing Ordo ab Chao,
the Egyptian Military leadership met with
the Pentagon a week before the demonstrations
began in Egypt.
Demonstrations are led by NGO's funded by Rothschild/
Soros and the international bankers. The same oligarch
banking families who funded and unleashed the French,
and Bolshevik revolutions, World War I, II, the League
of Nations, and the UN.
150 million people died during the 20th Century under
their vehicles of Marxism, Socialism, and Communism.
Billions, not millions, will die during the coming revolutions
as we enter their "new age," an age no longer in need of
billions of useless eaters, billions of pensioners and
social welfare recipients in a post-industrial world,
who consume more than they produce.
Wake up America,
it's your last call.
I'll talk about solutions and the specifics
of what you can, and should be doing
over the next couple of weeks, as well
as a story that is being completely missed,
and/or mis-reported by the gold newsletter
punditry, whose livliehood depends on telling
you what you want to hear, not what you need to hear.
SOT "V" B" |
