RAIDING THE TRUST FUND: Using Social Security Money To FundTax Cuts For The Rich pdf epub
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Raiding The Trust Fund: Using Social Security Money To Fundtax Cuts For The Rich

The money’s gone! Social Security doesn’t have $2.7 trillion stashed away for paying benefits, as so many people believe. It cannot pay benefits for another 20 years, as is often claimed. In fact, Social Security does not have enough money to pay full benefits, even for 2014, without borrowing money from China or another of our creditors. How can this be? Wasn’t Social Security fixed by the Social...

File Size: 3044 KB
Print Length: 152 pages
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Publisher: IRONWOOD PUBLICATIONS (December 11, 2015)
Publication Date: December 11, 2015
Sold by: Amazon Digital Services LLC
Language: English
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Word Wise: Enabled
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Format: PDF ePub djvu ebook

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What's also great about a lot of the work in this book is that it's a basic shape or design, a kind of 'jumping-off point'. It is unlikely that one person in a hundred can even name a local federal district court judge and probably not one in a thousand could name the nine Supreme Court justices. The few younger people are superficial props for the older set. I took the college bound classes in High School, I read history for pleasure. This is book 18 in the Return to the Double-C Ranch. ebook Raiding The Trust Fund: Using Social Security Money To Fundtax Cuts For The Rich Pdf Epub. In this eternal struggle, we desperately need our heroes, as tragically flawed as they may be, and, in this round, we are grateful to have Zev Evans on our side. This book helped me stencil a bond between me and my feminist sister. Take advantage today of Pit Bull Breeds. With 55 featured authors and poets, the anthology provides a diverse and multidimensional look at the traditions, teachings, and values surrounding the birth of Jesus. And I suggest that the "coldness" some reviewers mention may be due to Venus, not her teacher, as she is much less verbal and emotionally expressive than say, Sheila of "One Child. The outcome, like the season, had an amazing twist to it, but Hamilton’s golden future was secured. " It really draws the reader in. At last here is someone here who talks sense, and gives us advice on how to treat every day ailments without resorting to strong drugs and possible side effects. Kind of strange in some places, I did finish it, this author has kept me guessing, some things I have read I have loved, some, not so much. There are 8 books in this series & that was way mrer than I wanted to read. As another reviewer has already pointed out there are too many instances of "he must have thought" "he would have believed" "perhaps he felt" and so on. I thank the author, Rob Sheperd, for the instruction and revelations, and will keep this book flagged on my Kindle as one of my "Let's look at this again", references.
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“Dr. Smith once again exposes the biggest fraud ever perpetrated by a Government on its own citizens. As usual his book gives detailed information; names, places, and dates. It is, in my opinion, a book that must be read by every baby-boomer and every...”

Security Amendments of 1983, which included a large increase in payroll taxes? That’s what we were told at the time. President Reagan signed that legislation into law with great fanfare on April 20, 1983.With his comments at the signing ceremony, Reagan gave the impression that it was a proud day for America. But, instead of being a proud day for America, as Reagan implied, the day the new legislation was signed into law, turned out to be a day of shame for the United States. The Social Security Amendments of 1983 laid the foundation for 30 years of government embezzlement of Social Security funds. The money was used to pay for wars, tax cuts for the rich, and other government programs. The payroll tax hike of 1983 generated a total of $2.7 trillion in surplus Social Security revenue. This surplus revenue was supposed to be saved and invested in marketable U.S. Treasury bonds, which would be held in the trust fund until the baby boomers began to retire in about 2010. But not one dime of that money ever made its way to the Social Security trust fund.The 1983 legislation was sold to the public, and to Congress, as a long-term fix for Social Security. With the help of Alan Greenspan, Reagan was a super salesman, who could have sold almost anything to the public—even a scam. And that’s exactly what he was selling. Reagan intended to use the surplus Social Security revenue to replace revenue lost because of his unaffordable income tax cuts. Instead of being set aside for the retirement of the baby boomers, as was the intent of the legislation, the extra Social Security revenue was deposited directly into the general fund just like income tax revenue. From the very beginning,Reagan and his advisors had no intention of saving and investing the new revenue for the retirement of the baby boomers. They needed additional general tax revenue, and an increase in the payroll tax would be much easier to enact than higher income taxes. Also, the potential to get vast amounts of revenue was much greater with a payroll tax increase than from an income tax increase.The baby boomers, the largest generation of Americans who ever lived, were already making large contributions to the Social Security fund. Like all previous generations, prior to 1983, the boomers were being required to pay the full cost of benefits paid to the previous generation. But, the proposed new legislation would hit the boomers with a double whammy. In addition to paying for their parents’ benefits, the new law would require the baby boomers to also pay enough additional taxes to prepay the cost of their own benefits. This would generate a potential gold mine of surplus revenue that could be tapped and used for other purposes. But none of the $2.7 trillion in additional Social Security revenue was ever saved or invested in anything.The actual surplus money was replaced with nonmarketable government IOUs, which cannot be converted into cash or used to pay Social Security benefits. It would have been bad enough if only Reagan had looted Social Security money. But George H.W. Bush, Bill Clinton, and George W. Bush all followed in Reagan’s footsteps and spent all of the Social Security surplus revenue for non-Social Security purposes, just like Reagan. This book is a must read for all who care about the future of Social Security and the integrity of their government.