Their Dirty Little Secret

As I’ve be posting for a while now trillions of your Social Security money has been looted by Wall Street,large corporations and the richest 1 % of the population. The economic crisis has made this fact much more evident to the average person. Now that these elaborate schemes are coming undone and major cuts to vital social programs are beginning to be implemented, the American public is going to get a harsh wake-up call.

In 1983 Reagan ,along with the Congress,raised the tax on Social Security tax to provide surpluses for the retirement of the baby boomer generation. Over the last ten years the Congress borrowed and spent this money on two wars and huge tax cuts all of which benefited the wealthy in America.  These loans were secured with T-Bills and bonds payable when the SSI Trust Fund would run any deficits.

 The cost of Social Security benefits will exceed payroll tax revenue by approximately $29 billion this year, because of the severe recession which has reduced payroll tax revenue at the very time that many unemployed Americans have been forced to retire early.  The Government must accept these T-Bills and pay them to the trust fund with interest.

The government’s $2.5 trillion debt to Social Security is the real reason that so many politicians want to cut benefits. They are trying to find a way to avoid having to repay the looted money.  They need to find a way to convince the public that their retirement is not going to be there if they do not enact cuts now and raise the retirement age otherwise they would have to raise taxes on their wealthy friends.

The American people were not supposed to find out about the great Social Security scam for another six years, and the government was hoping to continue to receive surplus money from the Social Security contributions of working Americans for at least that long.  But the inevitable day of reckoning has come, six years sooner than anybody expected, because of the severe recession.  And the government of the United States has been caught with its hand still in the empty Social Security cookie jar

The question now ,since your leaders are lying to you, will the American workers ever figure out that their hard earned money will notbe paid to them because Wealthy Republicans ,and Tea Party learers, do not want to tax their rich friends . They would rather stiff the workers of the U.S. out of their own money.
Will the public wake up and demand their money be replaced?  I think not because both parties,along with the Media, will never spell this DIRTY LITTLE SECRET out so that stupid Americans can understand. Sometimes I think people deserve to take it up their ass. They are all so slow witted and gullible.