The Greatest Ponzi Scheme Ever Devised by Government !
4 Letters Sent So Far
I join other signers of this petition in demanding accountability for "the peoples" retirement $ contributions made in excess of what was needed, now totaling over 2.6 trillion $. These retirement $ overpayments were traded for new debt in the form of Special Obligation Bonds (SOBs), putting those who overpaid on the hook to pay again. This whole political process has put millions of middle class Americans, their families, and the communities they call home on the eve of destruction.
I further demand you support and/or sponsor a long term proposal addressing this issue. Quite frankly we've all been silent too long, and continued silence will not make this issue go away. I've chose to break my silence, and I expect you to do the same. Failing to do so will cost you my vote, and thousands more like me. Please visit http://www.realjoearmy.com/#!one-gave-all/clt for an outline of the issues, and a proposal going forward.
Ronald Reagan on Social Security - Part 1
Ronald Reagan on Social Security - Part 2
POLITICIANS TURNED A SOCIAL SECURITY SOLUTION INTO A PLAN
THAT PUT MIDDLE CLASS AMERICA ON THE EVE OF DESTRUCTION
IT WAS WELL PLANNED - WELL ORGANIZED - WELL FINANCED
HOW: 1981 - President Ronald Reagan: “As you know, the Social Security system is teetering on the edge of bankruptcy”
RESULT: Vast majority of American’s call on congress and the president for an immediate solution to save social Security
2ND: THEY FORM A COMMITTEE, AND PRESENT A SOLUTION:
SOLUTION: Raise Social Security taxes sufficient to avert the short term crisis, and to fund longer term obligations
RESULT: In one 10 year period maximum Social Security taxes on working Americans increased by over 300%
3RD: THEY MANUFACTURE A SELLABLE MESSAGE:
MESSAGE: Social Security tax contributions (overpayments) will be used to build a cash reserve to help fund the future retirement of 78 million baby
boomers. This plan will save Social Security for the next 75 years
RESULT – American people bought into the plan, and it was signed into law in April of 1983
4TH: THEY CREATE GOVERNMENT DEPENDENCE:
HOW: Use Social Security tax increases to take the piece of working American’s paychecks that was funding their personal payroll
savings, and retirement plans. Then divert that piece to a so called Government “trust” fund, and under politician’s control.
RESULT: Over time millions of working Americans became more, and more dependent on politicians, and Government for their retirement income
rather than their own personal payroll savings, and retirement plans. Retirement estates were no longer being built, and passed along to the
next generations. This plan destroyed them.
5TH: THEY DESTROY JOBS, AND JOB CREATION:
HOW: By increasing Social Security taxes, local financial institutions would lose millions in personal payroll savings retirement deposits that they
depended on to fund business expansion, and new business startup loans.
RESULT: With their payroll savings pipeline gone, local financial institutions were no longer making loans that created millions of new good paying jobs
across America. Thanks to this plan new good paying jobs were gone, and existing jobs were being lost. The money was now controlled by
politicians, and K-street.
6TH: THEY CURRY FAVOR WITH THE MORE FORTUNATE:
HOW: Excess Social Security tax contributions were not being saved at all, they were being transferred to the general revenue fund, where retirement
dollars were being used to pay general government obligations usually paid for with corporate, and income taxes.
RESULT: In 2005, $162 billion excess retirement dollar contributions were transferred, and used to pay general revenue fund obligations, 2006 $182
billion – 2007, and 08 $179 billion each year. Retirement dollars were subsidizing the corporate, and income tax rates of the more fortunate,
keeping them artificially low.
7TH: THEY CREATE MORE DEBT ON THE LESS FORTUNATE:
HOW: Politicians created a new Government debt instrument unique to the Social Security trust fund known as a special obligation bond or SOB. SOBs
are used to replace excess retirement dollar contributions when transferred to the general revenue fund.
RESULT: Every excess Social Security retirement dollar contribution creates a new special obligation bond or SOB debt, obligating those who overpaid
once to pay again, that which they’re already paid once.
8TH: THEY USE DECEIT & DECEPTION TO COVER UP:
HOW: The 1983 Social Security reform legislation conveniently neglected to address protecting Social Security tax overpayments. This put trillions of
retirement dollar overpayments in the hands of politicians, and at risk of being used for something other than intended
RESULT: In an attempt to mask the transfers, the special obligation bonds (SOBs) even though a government liability show up on the social security
trust fund balance sheet as an asset, now totaling over 2.6 trillion dollars (only government calls debt an asset)
9TH: THEY DIVIDE MAIN STREET AMERICA:
HOW: Both political parties have created their own armies of political party pimps; the Limbaughs, the Mathews, the O’Reilly, the Revs. One side tells
you I’m the bad guy. The other side tells me you’re the bad guy.
RESULT: We end up buying their books, subscribing to their offerings, calling our neighbors a name, and pointing a finger of blame at their designated
culprit of the day. They've divided the middle class, and main street America.
TAKE A LOOK:
At your last utility bill, your last grocery bill, your last insurance bill, or your last pay raise; are you keeping up??
QUESTIONS...Are we stupid? Are we rented mules? Are we puppets on a string? Let me answer, we’re none of those. The problem is, politicians think
we’re all of those, and as much as they promote change, they're counting on things not changing at all. Ups, downs and all arounds; they've put us all on an emotional roller coaster ride pulling us so many ways that we've lost our way. So we buy into their way, because they tell us their way is the only way. All their way has done is put middle class Americans on the eve of destruction. So, we've tried it their way, and it’s time their way was shown the highway.
THERE IS A BETTER WAY, and It’s time us middle class Americans raise our own MISSION ACCOMPLISHED banner.
And tell members of congress to LEAD, FOLLOW, OR GET THE HELL OUT OF THE WAY
Campaign rhetoric muddies Social Security reform
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