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Kindle Edition
Amazon
Amazon.com
Category:
Political Science
Publisher: Ironwood Publications
Type: Non-Fiction
Pages: 197
Copyright: May 14, 2013
ISBN-13: 9780985910518
Price: $2.99 (eBook)
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.
SOCIAL SECURITY IS IN DEEP TROUBLE—not because of any shortcomings in the program itself—but because the government has embezzled the $2.7 trillion that is supposed to be in the trust fund and spent it on wars and other programs. If the money had not been stolen, Social Security would be able to pay full benefits for at least the next 20 years without any additional government action. Learn how the government, over a 30-year period, engaged in the greatest fraud ever perpetrated by the government against its own citizens.
Dr. Allen W. Smith, an economist, and the author of this explosive book, has devoted the past 13 years of his life to researching and writing about Social Security finances. During that period he has continuously tried to expose the embezzlement and the long government cover up, which has been aided by the deceptive statements of the AARP and the NCPSSM, and by the reluctance of the mainstream media to report stories the government does not want reported.
After 30 years of consecutive annual surpluses, Social Security began running permanent annual deficits, in 2010, which will become larger and larger in the years ahead. In 2010, the cost of paying full benefits exceeded the amount of Social Security tax revenue by $49 billion. Because the trust fund holds no marketable assets, the government had to borrow the $49 billion (probably from China) in order to pay full benefits.
Smith uses this book as a rallying cry and a recruitment tool to urge the 75 million baby boomers, and as many others as possible, to organize, demonstrate and protest all over the country to support the current Social Security program, without any basic change, and to demand that the $2.7 trillion of Social Security money be repaid. Learn how you can play a key role in saving Social Security.
Excerpt
The enemies of Social Security, with Paul Ryan leading the pack, have wanted to get rid of Social Security ever since it was created in 1935. They want to get rid of it, not because it is unpopular, or doesn’t work well. They want to get rid of it because they don’t think the government should play any role in providing income security for the people.
Social Security is not broken, and does not need to be fixed. Our national government is badly broken, with the conservatives, who have succeeded in “starving the beast,” now wanting to make sure the beast dies a painful death.
Social Security can be fully restored to health by simply having the government pay back the money it has stolen over a 30-year period of time and removing the cap on income subject to the payroll tax so everyone will pay payroll taxes on all of their income, just like they do with the income tax. Surely, the vast majority of Americans would like to see that happen. If McConnell and Boehner try to prevent the will of the majority from prevailing on this important issue, they should, and probably will, be removed from office in the 2014 elections.
We can make this happen. All it takes is the will and hard work of those who care about Social Security. The 78 year-old-program will be ready for another 78-year run as the most successful and most popular program ever created by government.
Let’s all join together and make it happen!
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