Social Insecurity

Just about everything you have got been told about Sociable Security is an obfuscation. That is a large word for convoluted truth or lie.

In a recently published indeterminate authorities written document by the presidential Sociable Security committee there are two pages that expose the truth. Neither Democrats nor Republicans desire you to read this. Shining the visible light of truth on the outlandishness of politicians seldom do them happy; however, you owe to yourself to cognize the truth.

When they take out from your paycheck for FICA - that's the Schutzstaffel tax deduction - the money is sent to the Sociable Security Trust Fund. Your money is held in the monetary fund for some hereafter day of the month when it is returned to you upon retirement. During that clip it is gaining interest at about 2%. Pretty shabby, but better than nothing. This is all well and good as long as the money is really there, but it isn't. What?

Now follow me with this beautiful spot of political dexterity of hand. The money is invested in U.S. Treasury bills. Good, sound and safe as it gets. Right? Wait. Let's understand what have happened here. The Federal Soldier authorities have got issued pieces of paper called Treasury measures which they have created out of thin air and replaced your existent money. The Federal have borrowed your money in the "trust fund" and given you a promissory short letter in the word form of a Treasury Bill. That money have now been transferred to the General Fund where our honorable politicians pass it on whatever piece of porc they want. That makes include necessities such as the Army, Navy and Marines, social welfare receivers and authorities employees like Senators and Congressmen.

Let's leap ahead to your retirement day of the month maybe 20 or 30 old age from now. You and thousands like you have got been putting in millions for all these old age and Uncle have been printing T-Bills. Now you desire your money back. Shucks, anyone cognizes you just cash in the T-Bills. Where makes the money come up from for the T-bill? From the authorities that created it. That agency those finances must come up back out of the General Fund, which is composed of taxes. But they already spent it. It's gone. Something is incorrect here.

The Federal took your money and set a piece of paper in its topographic point as a promise to pay when the clip came, but they did not back it up with anything except a promise to pay. All tax returns to Schutzstaffel people come ups back out of payments by others now paying into SS. But what if there is less money being deducted for FICA at that time? It is called a shortfall. What the Federal Soldier have created is a giant Ponzie strategy where the first people who invested in it get paid, but those who came in later get less, small or maybe nothing.

As long as there is a Federal surplus or a balanced budget you are OK, but when that vanishes it intends taxes on everyone must be raised to pay for the Schutzstaffel benefits. Smoke and mirrors.

Politicians don't desire you to be able to put any of your ain money because it intends they will have got less to pass and could care less what haps 10, 20 or 30 old age from now as they will be long gone.

That is the truth about your Sociable Security "Trust Fund". There isn't any and never have been.

Perhaps we were asking the incorrect inquiries this past election.

Our Senators/Congressmen make not pay into Sociable Security, and therefore they
make not accumulate from it. Sociable Security benefits were not suitable for them.

They felt they should have got a particular plan. Many old age ago they voted in their
benefit plan. In more than recent years, no congressperson have felt the need to
change it. After all, it is a great plan. For all practical purposes, their
program plant like this:

When they retire, no matter how long they have got been in office, they go on
to pull their same wage until they die, except that it may be increased
from clip to clip by the cost-of-living adjustments. For example, former
Senator Bill Thomas Thomas Bradley (New Jersey) and his married woman may be expected to pull
$7,900,000 over an average life span, with Mrs. Bradley drawing $275,000.00
during the last twelvemonth of her life. Their cost for this first-class program is zero,
nada, zilch.This small perk they voted in for themselves is free to them.

You and I pick up the check for this plan. Our tax dollars at work! From
Sociable Security, which you and I pay into every payday for our ain
retirement, with an equal amount paid in by our employer, we can anticipate to
have an averageof $1,000 per month. We would have got to accumulate our benefits
for 68 old age and 1month to be the Bradley's benefits.

Imagine for a minute that you could structure a retirement program so desirable,
that worked so well, that Railway Employees, Postal Workers,and others who
were not in the program would blare to be included. This is how good Sociable
Security could be, if lone 1 small change were made.

That change would be to dork the Golden Fleece Retirement Plan out from under
the Congressmen & Senators. Put them into the Sociable Security program with the
remainder of us. Watch how fast they repair it!

If adequate people have this message, maybe a seed will be planted and maybe
good changes will evolve.

Our miss Edmund Hillary Rodham Bill Clinton now come ups under this Congressional Retirement
Plan. Sspeaking of the Clinton's, it's common knowledge that in order for her
to set up New York State residency, they purchased a $million-plus house in
upscale Chappaqua, NY. Makes sense.

Now, they are entitled to Secret Service protection for life. Still do
sense. Here is where it goes interesting. A abode had to be built in
order to house the Secret Service agents. The Clintons now charge the Secret
Service rent for the usage of said abode and that rent is just about equal
to their mortgage payment, meaning that we, the tax payers, are paying the
Clinton's mortgage.

And it's all perfectly legal.