Allen W Smith

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Chapter Two of "The Impending Social Security Crisis" has been posted.

    

Please visit my website at    http://thebiglie.net/

I have been a writer since I was a small child.  One of the things I most wanted for Christmas, one year, was a toy typewriter. I got it, and I could actually type on it.  It had only one key to push down on, but it had a print wheel with all the letters on it.  If you wanted to type the letter "q," you just turned the wheel until the "q"  was in the print position, and then pushed down on the large single key.  I was so proud to see my words in print that I gave that little toy typewriter a good workout. Once I had seen my words in print, I knew that I would be a writer all my life.

 

I also had an equally strong passion for studying about the economy.  Our family was the poorest family in the whole community.  The old weathered farmhouse showed no evidence that it had ever been painted. We didn’t have electricity, so I had to do my homework in the dim light of a kerosene lamp.  But that wasn’t the worst part.  The worst part was that we also did not have indoor plumbing.  I remember so well those trips to the outhouse when the temperature was below zero and having to use pages from an old Sears catalog for toilet paper.  Those Indiana winters were severe, and trips to that old outhouse are still among the most vivid negative memories that I have. 

 

I was puzzled by how poor we were and how well off so many others were.  Dad worked hard on that little Indiana farm, but he and Mom just had too many babies to make it on so little income.  Growing up, I never thought there would be any way that I could go to college, but President Eisenhower changed all of that when he signed into law the National Defense Education Act, which opened the door to low-interest loans for college students.  After working and borrowing my way through Ball State University, I taught high school Social Studies for two years before borrowing my way through four years of graduate school at Indiana University to earn a Ph.D. degree in economics.

 

I share these things to help readers understand why I have felt a responsibility to use much of my writing talent and time for writing about Economics and Social Security.  But before I get into that, which most readers people will probably find rather boring, please allow me to tell you about what I like to write.

 

I love to do inspirational writing in an attempt to lift people's spirits, and I also love to write Children's novels. 

 

On July 14, 1994. I tried a little experiment.  I wrote a short inspirational essay and submitted it to a small weekly newspaper in Toledo, Illinois.  I was trying to determine whether or not I had the ability to inspire people through my writing.  

 

I had always loved meaningful quotations, so I decided to begin the essay with an inspirational quotation which would set the tone for the piece.  If my memory is correct, I used the following quotation from Helen Keller to set the tone for that first essay. 

 

"I am only one, but still I am one. I cannot do everything, but still I can do something" 

  

The editor liked the essay and asked me to write a similar column every week.  But I wondered how long I would be able to write weekly columns without losing my ability to inspire.  That was nineteen years ago, and my column still appears in that local paper. every week.  Over the years, the column appeared in larger papers  for at least a few years.  The Paducah Sun in Paducah, Kentucky ran the column in their Sunday paper, on the religion page, for many years.  Other papers ran it on their editorial page. 

 

As time passed and I became so involved in my other writing, I decided to phase the column out.  I quit recruiting new suscribers and decided that I would continue to supply it to those papers still using it until they all dropped the column.  It will be twenty years next July since I published that first column in the Toledo, Illinois paper.  In addition to that paper, the column still appears every week in two small Arizona newspapers, one in Tennesse and one in Virginia.

 

With regard to my children's novels, I have just added the first one, "Andrew Rockefeller Ford, III" to Authors Den.

 

 

Andy Ford and Dave Jackson are garbage collectors in the small town of Pepperville. They get paid for hauling people’s garbage away in little red wagons hitched to their bikes. They take the garbage out to Mr. Warner’s farm at the edge of town and sell it for chicken feed.

They’re good kids, but some of the older people, consider the boys a menace and a disgrace to the town. They harass the boys and try to force them out of business. The conflict between the boys and some of the older residents makes a hilarious tale.

 

Nobody can read this book without doing a lot of laughing.  I guarantee it. It's a little laughing machine that can generate a lot of laughter.  I am so confident that nobody can read this book without laughing, that I will put a five dollar bill in an envelope and mail it to you, if you get through the book without laughing. Just email your mailing address to me and wait for your five dollars to arrive in your mailbox, IF YOU GET THROUGH THE BOOK WITHOUT LAUGHING.  

 

The Kindle ebook is currently available from Amazon.com for only 99 cents.  If you do as much laughing as I think you will, that will be a real bargain.  On the other hand, if you manage to get through the book without laughing (accomplish the impossible), you will get your 99 cents back plus $4.01 bonus.  You can't lose, and you might win big.  How much llaughing can you buy for 99 cents anywhere else? 


 

My high school textbook, Understanding Economics, which was published by Random House, was used in more than 600 schools, nationwide.  For the past thirteen years, I have been engaged in a relentless campaign to expose the Social Security fraud.  While doing research for a book in 2000 I stumbled onto what I now consider to be the “greatest fraud ever perpetrated against the American people by their own government.” 

 

President Reagan, with the assistance of Alan Greenspan, convinced Congress and the American people that there was a need for a big Social Security payroll tax increase in 1983, which would generate surplus revenue for the next 30 years, in order to build up a large reserve with which to help fund the retirement of the baby boomers, who would begin retiring  in 2010.  That payroll tax hike generated $2.7 trillion in surplus revenue over the period 1983 to 2010, when the annual surpluses came to an end and permanent annual Social Security deficits began. 

 

That $2.7 trillion in surplus Social Security revenue was supposed to have been saved and invested in marketable U.S. Treasury bonds, which could be resold when needed to raise cash for paying benefits to the boomers.  But none of the surplus Social Security money was saved or invested in anything.  The government simply took the surplus revenue and deposited it in the general revenue fund.  The money has been used to pay for unfunded wars and other programs.  This is the big fraud that I stumbled onto in 2000.  At first, I refused to believe my findings.  It seemed just too awful to suggest that the government was using Social Security money for other programs.  But it didn’t take much more research to remove all doubt.  The government was actually stealing Social Security money and using it for other purposes. 

 

On March 16, 2011, Senator Tom Coburn (R-OK) admitted that the government had stolen Social Security money during a Senate speech.  He said:

 

"Congresses under both Republican and Democrat control, both Republican and Democrat presidents, have stolen money from social security and spent it.  The money’s gone.  It’s been used for another purpose.”

 

Every member of Congress knows that what Senator Coburn said was absolutely true.  But very few average Americans have a clue that their Social Security contributions were stolen by the government and used for other purposes.  I have devoted the past 13 years of my life to trying to expose the fraud against overwhelming odds. The AARP and the NCPSSM have both marched in lockstep with the Social Security Administration in misleading the public about the true status of the Social Security trust fund.  The government has managed to keep the public from finding out about the theft for more than three decades.  Since neither the Republicans nor the Democrats want the truth reported, because they both are guilty of actions that they don’t want the news media to report.  The news media honors the government’s wishes to keep the story from being reported. 

 

My first book reporting this fraud, The Alleged Budget Surplus, Social Security and Voodoo Economics, was published in 2000, and I appeared on CNN, in September of that year, to discuss it.  I published three more books on Social Security in the years that followed.  But the most complete picture of what has happened is presented in my new Kindle book, THE IMPENDING SOCIAL SECURITY CRISIS: The Government’s Big Dirty Secret, which was just released  this month.  It is available at Amazon.com 

   http://amzn.com/B00CRTJM6K

  

 

 

 

 

 

 

 

 

 

 
 


Birth Place: W. Elwood, IN United States

Accomplishments: As part of my crusade to alert Americans to the problems of Social Security and the national debt, I have been interviewed on CNN, CNNfn,and CNBC. I have also done more than 200 radio interviews.
     



Books

Andrew Rockefeller Ford, III by Allen W Smith
The tale of two would-be entrepreneurs who have almost constant conflict with Mrs. Goodman and a few other resident of Pepperville....
  

Kindle (eBook)  Amazon.com  Amazon.com 

The Looting of Social Security--Free E-book by Allen W Smith
-Every cent generated by the 1983 Social Security payroll tax revenue -money exclusively earmarked for the retirement of the baby-boom generation-is gone, spent by our government. But most Americans are ignorant of the crime. Smith explains the history of Social Security from its inception in 1935 to the present, including the 1983 Social Security fix. Then, step by appalling step, he details how ...
  

Kindle (eBook)  The Big Lie  www.thebiglie.net

The $2.6 Trillion Social Securith Theft! by Allen W Smith
All of the surplus Social Security revenue, generated by the 1983 hike in payroll taxes, has been embezzled by the government and spent on wars and other programs....
  

Kindle (eBook)  Amazon.com   

Thought Boosters: How to lift your spirits by enhancing your thoughts by Allen W Smith
A book of inspirational essays designed to enhance your thoughts and lift your spirits....
  

Kindle (eBook)  Amazon.com  Amazon.com 

The Impending Social Security Crisis: The Government's Big Dirty Secret by Allen W Smith
The government has embezzled $2.7 trillion of Social Security money and spent it on wars and other government programs. Unless the government repays the stolen money, it cannot pay full benefits....
  

Kindle (eBook)  thebiglie.net 

The Big Lie: How Our Government Hoodwinked the Public, Emptied the S.S. Tr by Allen W Smith
A survey of how 30 years of government economic malpractice led to the 2008 financial meltdown and to the $15 trillion national debt....
  

Amazon.com   

THE LOOTING OF SOCIAL SECURITY: New Release by Allen W Smith
"Smith...has written a scathing account of massive fraud on the part of our nation's leaders, who have plundered every cent of the Social Security Trust Fund surplus that was specifically earmarked for the retiremtnt of baby boomers."--Booklist...
  

Amazon.com  Amazon 

Demystifying Economics The Book That Makes Economics Accessible to Everyone by Allen W Smith
An excellent lay-oriented primer on economics that explains the basics in simple language that relates them to ordinary daily life. An excellent way for the layperson to learn about economics and government economic policies....
  

Barnes & Noble.com   

Social Security The Attempt To Kill It by Allen W Smith
Dr. Allen W. Smith, author of the explosive book, "The Looting of Social Security," has written an even more explosive bombshell. This book exposes the Social Security accounting fraud, that makes Enron pale by comparison, and a plot to dismantle Social Security which was modeled after Lenin's struggle to overthrow capitalism. This is a must read for anyone who cares about the future of Social Sec...
  

Amazon.com   



Articles

Ronald Reagan, Alan Greenspan and the Great Social Security Theft
 by Allen W Smith
The problems facing Social Security today date back to the beginning of the Reagan Presidency....


Social Security is More Vulnerable Than You Think
 by Allen W Smith
This is Chapter Two of my newly released book, "The Impending Social Security Crisis."...


Was the Misuse of Social Security Money Pre-planned?
 by Allen W Smith
The Social Security Trust Fund is empty. It holds no marketable assets with which to pay benefits to the baby boomers. The only thing in the Trust Fund is government IOUs, which can neither be convert...


How Will Government Repay Its Debt to Social Security?
 by Allen W Smith
Every penny of the $2.7 trillion in surplus revenue, generated by the 1983 payroll tax hike, was spent on wars and other government programs, as it came in. The government took the money and replaced ...


Fix Government, not Social Security
 by Allen W Smith
There is nothing broken about Social Security. What is broken is the federal government, which has embezzled $2.7 trillion of Social Security money and spent it on wars and other programs. ...


Inspirational Essays
 by Allen W Smith
These essays were previously published as weekly installments of my newspaper column, "Contemplating Life."...


Thought Boosters: Some Oldies
 by Allen W Smith
I began writing my self-syndicated weekly newspaper column "Contemplating Life" in 1994. It is still running in small papers in Arizona, Tennessee, Illinois and Virgina. I will use this section to di...


Scene from Andrew Rockefeller Ford, III
 by Allen W Smith
This is a scene from the book, Andrew Rockefeller Ford, III. The scene begins as the boys leave the home of Mrs. Hamilton. Mrs. Hamilton had demanded that they haul away an entire bushel of rotten to...


Thought Boosters
 by Allen W Smith
I am including the first five essays from the book in this introductory article. If I receive a lot of positive comments, I will probably add additional free essays to the list periodically. <...


Censored Social Security Book Back in Print
 by Allen W Smith
When my book, The Looting of Social Security: How The Government is Draining America’s Retirement Account, was published by a New York publisher in 2004, I thought my long battle to expose the truth a...


Social Security is in Deep Trouble
 by Allen W Smith
As a result of the 1983 payroll tax hike, Social Security should have $2.7 trillion in reserves. But the government embezzled all of the surplus revenue as it came in and spent the money on wars and ...


The Impending Social Security Crisis: The Government's Big Dirty Secret
 by Allen W Smith
This article is Chapter One of my new Kindle ebook, "The Impending Social Security Crisis." The book provides a comprehensive coverage of the Social Security fraud from its beginning in 1983 to the pr...


The Ugly Truth About The Social Security Trust Fund
 by Allen W Smith
The Social Security trust fund has been raided. It holds no real assets that can be converted into cash or used to pay benefits....


New Book to Expose Social Security Fraud
 by Allen W Smith
For decades the American people have been led to believe that revenue from the Social Security payroll tax was used exclusively to fund Social Security, as required by federal law. Any revenue, not n...


Wall Street Meltdown Linked to Reaganomics
 by Allen W Smith
The roots of the Wall Street meltdown date back more than a quarter-century to 1981 when Ronald Reagan abandoned traditional economic theories, and launched the nation in a new direction based on the...



News

Government Owes $2.7 Trillion to Social Security
 by Allen W Smith
The government has embezzled all surplus Social Security revenue, generated by the 1983 payroll tax hike. None of the money was saved or invested in anything....


New Book Faults Both Clinton and Bush for Empty Social Security Trust Fund
 by Allen W Smith
Presidents Bill Clinton and George W. Bush have spent every dime of the surplus social security revenue flowing into the Treasury during their terms in office. ...


Social Security’s Day of Reckoning Has Come
 by Allen W Smith
Social Security is on the verge of a financial crisis. After running surpluses for nearly 30 years, Social Security began running deficits in 2010, which will become larger and larger in the years ah...


Free E-book, The Looting of Social Security is Now Available
 by Allen W Smith
By arrangement with Ironwood Publications, I am now authorized to offer free downloads of "The Looting of Social Security" as part of a promotional campaign to get as many copies into the hands of the...


Happiness is a Journey--Not a Destination
 by Allen W Smith
Based on his experiences in life, and on his seventeen years of writing inspirational essays for small newspapers, author Allen W. Smith believes that life is a journey--not a destination. ...


PUTTING AMERICA BACK TO WORK
 by Allen W Smith
For decades, the infrastructure of our country has been neglected to such a degree that many highways, bridges, and power grids need to be upgraded or replaced. Given that need, plus the fact that we...


Landmark 1983 Social Security Legislation Led to Major Fraud
 by Allen W Smith
On April 20, 1983, Ronald Reagan signed into law, with great fanfare, one of the most significant changes in the history of Social Security law. This legislation laid the foundation for ...


Censored Social Security Book Back in Print
 by Allen W Smith
When his book, “The Looting of Social Security: How The Government is Draining America’s Retirement Account,” was published by a New York publisher in 2004, economist and author, Dr. Allen W. Smith, t...


It's Time to Tap the Empty Social Security Trust Fund
 by Allen W Smith
AP writer, Stephen Ohlemacher, sent shock waves throughout the nation this week with his story, “Social Security to start cashing Uncle Sam’s IOUs.” Social Security has been running large surpluses e...


It's Official: Social Security Trust Fund is Empty
 by Allen W Smith
It’s official. The Social Security trust fund has no assets. It was declared empty by the Social Security Trustees in the 2009 Social Security Trustees Report, which was signed by Treasury Secretary...


We Must Put America Back to Work
 by Allen W Smith
There is nothing more wasteful than allowing able-bodied men and women, who want to work, to remain unemployed through no fault of their own. There is much work that needs to be done in America. Our...


Will Government Repay Its Debt to Social Security?
 by Allen W Smith
Unless the debt to Social Security is repaid, Social Security will be unable to pay full benefits, beginning in about 2017, when payroll tax revenue will fall below the cost of benefits. Where will t...


Social Security, The Hidden Problem
 by Allen W Smith
That payroll tax hike has generated about $2.5 trillion of surplus Social Security revenue to date. If the money had been saved and invested, as it was supposed to be, Social Security would be in goo...


How America Got So Deeply in Debt
 by Allen W Smith
When President George W. Bush handed over the reigns of power to President Obama in January 2009, the national debt, which had been $1 trillion in 1981, and $5.7 trillion when Bush took office in Janu...


National Debt Skyrocketing Reports Economist, Allen W. Smith, in New Book
 by Allen W Smith
It took 192 years, and all the presidents from George Washington through Jimmy Carter, to accumulate the first $1 trillion of national debt. It took only five years for the nation to add the second t...


Links

Allen W. Smith
This website is devoted to my overall writing, which includes seven published book, and my inspirational essays.



Additional information

For the past 19 years, I have been writing a weekly, self-syndicated, inspirational newspaper column, "Contemplating Life." The column, which is designed to help readers cope with the problems of everyday life, appears in small newspapers in Arizona, Florida, Tennessee, Illinois, and Virginia. Free sample copies of these individual essays can be downloaded from my website. Although most of my published books have been in the area of economics and social issues, I have written three juvenile novels and more than 800 inspirational essays. I have derived enormous personal satisfaction from my inspirational writing, and I would like to devote more time to this genre. However, the problem of economic illiteracy in this country continues to result in irresponsible government policies which lead to the needless suffering of million of Americans. I vowed 35 years ago to use my writing talent, and my training in economics, to battle economic illiteracy and reduce the needless suffering caused by it. So that will have to continue to receive the highest priority in my decisions as to how I will spend my writing time

 
Contact Information

487 Majestic Gardens Blvd. 
Winter Haven   FL   33880   United States
 Allen W Smith
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Member Since: Aug, 2006

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