THE LOOTING OF SOCIAL SECURITY: New release of the book "they didn't want you to read!

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1 of 1 people found the following review helpful 5.0 out of 5 stars Impressive stuff; period!, May 1, 2013 See all my reviews (REAL NAME)    Amazon Verified Purchase( This review is from: Forget your politics, objectively read this book and come to a conclusion based upon the truth of the facts. If you do not believe that you are being told the truth, use the information in this book, to set you upon the path to accessing knowledge that is difficult to find anyplace else. Dr. Smith has cut through most of the language-barrier that precludes the average person from understanding the background noise, and shone alight upon the dark subject matter of the federal budget.   Was this review helpful to you?  Yes No Help other customers find the most helpful reviews Permalink   Comment  Comment Report abuse |     2 of 3 people found the following review helpful 5.0 out of 5 stars Must Read, February 25, 2013 See all my reviews Amazon Verified Purchase( This review is from: THE LOOTING OF SOCIAL SECURITY: New release of the book "they didn't want you to read! (Kindle Edition) Since all working people, and even those who don't, are at the mercy of the Social Security fund, this is mandatory reading. And sadly, everything in it is true . Our legislators have robbed us all these years!   Was this review helpful to you?  Yes No Help other customers find the most helpful reviews Permalink   Comment  Comment Report abuse |     1 of 2 people found the following review helpful 4.0 out of 5 stars Chock full of historical\politicial data, and conclusions. A must read for Americans who seek ground truth., January 31, 2013 See all my reviews Amazon Verified Purchase( This review is from: THE LOOTING OF SOCIAL SECURITY: New release of the book "they didn't want you to read! (Kindle Edition) Exposes the lies connected to the Social Security debacle. Points a finger and calls out our elected officials who looted Social Security because they had a Smaller Government at any price agenda or were to cowardly to raise taxes. While verbose and repetitive, the author tells the cold naked truth surrounding the four presidents who looted Social Security.   Was this review helpful to you?  Yes No Help other customers find the most helpful reviews Permalink   Comment  Comment Report abuse |     6 of 6 people found the following review helpful 4.0 out of 5 stars The Looting of Social Security, March 12, 2012 See all my reviews (REAL NAME)    This review is from: THE LOOTING OF SOCIAL SECURITY: New release of the book "they didn't want you to read! (Kindle Edition) Before purchasing this text I was certain that I would be better informed after reading Prof. Smith's ideas. The upside of his work is that he repeats over and over what he considers vital in the quest to eradicate economic illiteracy in America,especially as it relates to Social Security. He presents a very robust timeline of events starting with Lyndon Johnson (a scoundrel) through Ronald Reagan whose "supply side economics" was a theory unworthy of the country's confidence. In 1983 taxes were raised on Social Security in order to pay for the baby boomers of 2010. This was wise, in his opinion. Since then, however,every president, including Obama, has funneled these funds from "off budget" to "on budget" in order to balance the budget. If you think that Bill Clinton's biggest mistake was his behavior, you'll enjoy reading how his claim of a "balanced budget"in 1999/2000 was just what George W. Bush needed to bolster his claims that Americans were being "over-taxed". The Bush tax cuts enacted in 2001 and 2003 were really paybacks to wealthy friends who helped get him elected in 2000. These cuts are due to expire by the end of 2012. Reading what Mr. Bush told the nation about these tax cuts is humorous AND alarming because they reveal how glib are those people we elect, to whom we give our trust. In the afterword, Prof. Smith describes the 1960 Supreme Court case (Fleming v. Nestor) that established the principle that entittlement to Social Security benefits "is not a contractual right." As a result, the future of Social Security is totally in the hands of Congress and the President. It is a good idea to be aware and informed. Read the book!   Was this review helpful to you?  Yes No Help other customers find the most helpful reviews Permalink   Comment  Comment Report abuse |     8 of 8 people found the following review helpful 5.0 out of 5 stars Partisan, but fair and constructive, October 7, 2011 See all my reviews (REAL NAME)    This review is from: This book is partisan, but fair and constructive. It is partisan because it defends Social Security against those who would misuse it for political ends to the detriment of all who depend on it. It is fair because it tells the truth about both the Republicans and Democrats who have exploited it. It is constructive, because it offers suggestions for saving Social Security as we know it. The writer is an economist and a teacher of economics who knows how to present his thought to the average reader. It is an easy read, but still a stimulating one. It should energize all of us to support a government program that can, and should, be saved.   Was this review helpful to you?  Yes No Help other customers find the most helpful reviews Permalink   Comment  Comment Report abuse |     14 of 14 people found the following review helpful 5.0 out of 5 stars New Version Book Banned In 2003, March 4, 2011 See all my reviews (REAL NAME)    This review is from: Back in November, 2003 Dr. Smith's book, "The Looting of Social Security: How the Government Is Draining Americas Retirement Account" was somehow made unavailable to the public quite possibly to keep Americans from learning the truth. This new version is more than just a book that was re-titled and re-released, it brought new information and helped pull all the pieces together from 2003 to 2010. It was a look back at the predictions Dr. Smith had made not only about Social Security but the economy as well. This book reveals how, since the 1983 "fix" of Social Security, a Social Security Trust Fund was created because of a significant raise in FICA taxes aimed at preparing Social Security for the retiring baby boomers. Instead the surplus money that started appearing in 1985 was immediately diverted to pay for tax cuts, that favored the wealthy, paid for unfunded wars and Medicare Part D, along with other government expenses. As the money was emptied special bonds which were basically government IOU's were put in the fund so that now all that remains are the IOU's that amount to approximately 2.5 trillion dollars not including the interest that the money would have earned. Dr. Smith's book from 2003 was an account of the data available then and the predictions that he made based upon his expertise in economics. Reading the new version is like reading a history book and we can see just how the Social Security surplus money set in motion the chain of events that culminated into the economic collapse in 2008/2009 and the end result of decades of using resources with no means to pay them back. This book has to be the most detailed and insightful book I have read and probably one of the most important books in regards to Social Security and its future. A MUST READ book!   Was this review helpful to you?  Yes No Help other customers find the most helpful reviews Permalink   Comment  Comment Report abuse |   The Looting of Social Security:New Release of the Book They Didn't Want You to Read (Paperback)   Jeffrey Ehlenfeld "Jeff"  (Crawfordsville, IN USA) - By  The Looting of Social Security:New Release of the Book They Didn't Want You to Read (Paperback)   James C. Ervin  (Corte Madera, CA USA) - By  Charles J. Geiss "lector zurdo"  (valparaiso, in USA) - By  What's this? ) Terry McCorry  (Oklahoma City, OK, US) - By  What's this? ) Chandra Naylor "love to read"  - By  The Looting of Social Security:New Release of the Book They Didn't Want You to Read (Paperback)   What's this? ) Christopher Anderson  (Sunrise, Fl. USA) - By