For years, I've said that the American taxpayer would be better off if he took his surplus tax dollars to the ocean and threw them to bottom feeders other than the government. Mother ocean certainly wouldn't try to double bill you, with interest added, and a few of the government's brother sharks might actually choke to death.

On August 22, 2001, the Associated Press released an article titled "Studies paint dim picture for future of Social Security under private accounts system."

The upshot of this brief article is that the Oligarchy's brain banks have figured that you will have to "Pay-It-Again, Sam." Of the three "tough" choices the mantra says your hard working future government must someday face, raise taxes-borrow tons from investors-or cut benefits, the choice is liable to be cutting benefits. No cuts in discretionary spending, of course, but deep cuts in your retirement and old age health care, the very thing you paid for in the first place.

This one page article is so preposterous, I am going to let you read it for yourself. You should save it. Print it out. Hang it by your television so you can read it over and over while the various news lackeys and politicians repeat it again and again with their inevitable slants and interpretations of whether a dollar is really a dollar, whether it's there or not, and what it all means.

You should also pay particular attention to who is saying it. We are approaching an election year where Social Security reform may finally be a major issue. There is lots of talk about finally taking it off the back burner. Politicians and talking heads may even be forced to explain how the Social Security Trust Fund became 20.3 percent of the national debt. Some asset, isn't it?

Of course, nothing will happen. The simplest solution will be ignored. Stalling is the name of the game. Why should the crooks hurry, why should they even deal in reform, when they are reaping about $460 million a day from entitlements?

The solution is now, was then, and ever shall be—stop stealing the money. Either do not collect it at all or put it to work in some worthwhile investment. Anything except US Treasury securities that can only be paid off by the same people who contribute the money in the first place. The Pay-It-Again, Sam scam—a fact that is becoming more and more obvious every day.

And paying down one side of the national debt, the honest investor side, with our retirement money is the greatest scam of all. A debt laundering operation that would make Charles Ponzi and Marc Rich proud. The real Clinton legacy and probably the reason Rich was pardoned.

But don't take my word for it. Read it yourself.

PDF Format

TUFF Breaking News