Monday, March 15,
Recent news tofurther
A common error for the public to
make, is to rely on U.S. Government statistics and analyses as
a way of determining how federal expenditures are funded and
how tax revenues are deployed and, then, accounted.
By blending Social Security
"surplus"Tax dollars with U.S. Income Tax dollars, the
U.S.government is able to effectively hide the misappropriation
of Social Security surplus tax revenues, used to artificially
lower and, thereby, disguise the size of annual federal deficits
and the size of the entire federal debt as a result.
Important points for the public's
1. Most probably, Members
of Congress and White House occupants are so cavalier
aboutand disparaging of true Social Security reform
because none of them (as does no employee of the U.S.
Government) participate in Social Security. They have
their own separate retirement system provided for
employees of the U.S. Government only. If they did have
to fully participate in Social Security, then the
system would have been truly reformed long before now.
This has not happened because they are not going to
steal from themselves or"plunder" their own retirement
fund. Pride, the greatest of the 7 deadly sins, and
greed can be great motivators and, most certainly,are
so with respect to White House occupants and Members of
2. Social Security
"surplus" tax revenues, now $600 billion a year,taken
for a period of 3 years and 8 months, pays the entire
annual federal budget, now $ 2.2 trillion. It's like a
30 -35% surcharge added to the income tax of every
Copyright © Edward J.
To befurther informed,
please click on the following hyperlink. Thank
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