It is a shame that our Social Security Trust Fund has had
the United States Congress as it's Trustee. It has been used,
borrowed, misappropriated, commingled and hijacked. A trust
fund in the private sector managed as this one would have the
trustees in jail.
The 106 congress has claimed to have put the Social Security
Trust Fund in a Lock Box so the Trust Fund isn't any longer
used as a Congressional and Presidential slush fund. However
apparently the Lock Box is rhetoric over substance because
the Fund remains part of the General Fund in the The United
States Treasury instead of in an interest bearing, or investment
account of it's own.
Before I go any farther I would like to
point out that the so called Social Security Surplus is not
a surplus, but a remnant
of the American Peoples equity in their grossly mismanaged
collective retirement fund. Not surplus discressionary spending
funds for the politicians. The term surplus alludes to the
mistaken belief that they are not needed where they were originally
targeted for, the Social Security "Growth" Trust Fund. So whenever
you hear any politician talk of the Social Security Surplus
transpose the word surplus to equity so you will be
more aware of what you are being screwed out of.
Our Government continues to use the current and temporary
Social Security surplus to credit our by commingling the Social
Security Trust Fund with the General Fund. This is smoke, and
mirrors and our legislators Republican and Democrat alike know
this. Yet still they use this hocus pocus accounting to push
their own political agenda's.
The optimistically projected 10 year budget surplus of 3,000,000,000,000
(three trillion dollars) is bolstered by the so called Lock
Box of the Social Security Trust Fund that shouldn't be commingling
inside the General Fund in the first place. If you subtract
the Social Security Trust Fund surplus/equity (2 trillion Dollars)
from the General Fund surplus (3 trillion dollars) you find
the real projected surplus of 1 trillion Dollars.
The Republicans want to refund 800 billion
dollars of this "surplus" to
us taxpayers, you, me, and Wall Street, and use the remaining
estimated 200 billion to pay down our National Debt of 5,600,000,000,000
(5.6 trillion Dollars). OK, Lets all spit in the ocean and
see whether we can raise the tides. If you don't live near
an ocean, spit in your nearest creek, the result will be the
same. This irresponsible double counting of commingled money
renders the Republicans incompetent trustees of the Social
Security Trust Fund.
The Democrats are paying major lip service to paying off the
National Debt however their dedication to Lyndon Johnson's
Great Society and Franklin Rosevelts New Deal and all their
socialist programs render them incapable of fiscal responsibility,
therefor incompetent trustees of the Social Security Trust
Fund.
Our respective parties rational (or should I say rationalization)
is that the 3 trillion dollar combination of the Social Security
Trust Fund surplus/equity and the General Fund surplus, credit
our 5.6 trillion national debt. A smoke and mirrors way supposedly
reducing the debt by 2 to 3 trillion dollars depending on the
Party's plan.
As good as that sounds, the 2 trillion dollar surplus (the
supposed Lock Boxed Social Security Trust Fund) is earmarked
to fund the Social Security needs for the baby bust years when
the baby boomers begin drawing from the Social Security trust
fund, rapidly turning the Social Security Trust Fund Surplus/equity
into the Social Security Deficit. So that by whoever's plan
you go by the General Fund benefits by accounting tricks only,
because when the baby boomers turn the Social Security Trust
Fund into a Deficit, the Social Security benefits will have
come out of the mismanaged, commingled General Fund compounding
the problem of the collectively ignored, abused, neglected
and defrauded National Debt.
What Can We Do
#1We as American voters must do what we started in 1994. We
had a populist uprising at the ballot box that restored my
faith in our American System. We upset the status quo, and
we need to do it again. Both parties survive on pork barrel
politics which all of us are guilty of supporting. Consequently,
we are all paying the price of our own selfish needs by demanding
our own piece of pork by supporting legislators from our home
districts that bring home said pork. We need to support legislators
that can stand on principal and vote for the collective good
of this great country.
Citizens
For A Freer America supports the
campaign finance reform that will benefit the Democrats more
than Republicans
although this kicks us conservatives where it hurts (soft money)
we must stand on principal and help end soft money contributions,
the source of "out of district" pork barrel spending which
is decimating the judgment of our legislators of both parties.
Unlimited campaign contributions from Wall Street, Labor Unions,
and China must STOP!
If the Pork Barrel Culture of our legislators
can't be stopped Citizens
For A Freer America will
have to start a term limit advocacy. However, today we are
not for term limits because
it is senseless to discard moral, conscientious, effective
legislators due to a limit on time brought on by legislators
engaging in pork barrel spending, recklessly endangering the
Social Security Trust Fund the General Fund and the trust of
the American People.
#2 We must demand that the Social Security Trust Fund Remains
separate from the General fund in an account of it's own where
the American people can monitor it, and a board of trustees
can hopefully make it grow.
#3 Commingling is against the law in the private sector, and
it should be against the law for the government also. We should
only count our national assets once if we really want to know
our nations bottom line. We do want to know our bottom line
don't we. For other ideas see our Think Tank.
Please help support Citizens
For a Freer America in our effort
to keep America financially safe by holding our legislators
feet to the fire.
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