The government has dozens of these academic phrases to soften the blow or hide the evil they've been up to. Try "Intragovernmental Holdings" that make up 40 percent of the national debt if you really want to deal in fraud. Or the granddaddy of them all, "federal trust fund."

The news readers of the Mayberry press and media just love to see these new phrases scroll across their monitors as they appear to be staring into the camera. It makes them feel good to have some new jargon that is supposed to sum it all up for you and makes them look like they're really on top of things, first with the latest news.

Of course, when these long legged beauties or sincere looking jokesters went to the school for journalism they left adding and subtracting far back in the third grade. Using the multiplication tables probably boggled their minds and figuring percentages was on the level of rocket science for most of them. But who needs any of that in the world of gossip from Floyd's Barber Shop or Goober's Garage? Just report the hearsay and forget about thinking or understanding.

So, what have we got for unfunded liabilities? Maybe it would be easiest to see in terms of their opposites—funded liabilities.

If I give you money for something, I've funded it. You, on the other hand, have the obligation or the liability to give me what I paid for. Simple isnt it. It's just like ordering from Sears. At one time, this sort of business law was taught in schools along with caveat emptor or buyer beware. It's also the same as another word we don't hear around Washington anymore—entitlement.

Entitlements are something you already paid for and represent goods and services you are entitled to receive. Beware.

Enter the world of contracts. Because there are evildoers in the world, and some might claim that you never gave them the money or that it was a loan, it becomes necessary to have proof. In the old days a man's handshake might have been good enough, but in today's world it's important to have something you can take to court to prove that you forked over the money. The bigger the deal, the more important the proof and good business has respect for the person that makes certain he's got it while liable to ridicule the fool who doesn't.

The government, on the other hand, collects all sorts of taxes for entitlements without contract. For instance, we pay federal and state entitlement taxes every time we buy gasoline and that money is supposed to go towards highway construction and repair, the very thing we are buying gas to drive on. The same applies to airline tickets with the federal government contributing to their maintenance and, since Reagan federalized them, paying federal air traffic controllers.

But the biggest entitlement of all, the one that takes 12.4 percent of every working person's cost of employment, is the supplemental retirement system—Social Security. A system that was never meant to be someone's entire nest egg in their golden years, but sprang from a serious long term Great Depression era when many quite literally ended up in The Poor House because they had little or nothing set aside for ten years of hard times. It's not much different today.

Many view Social Security as a form of socialism that has no place in a capitalist society, and others equate it to a pyramid scheme attributed to a swindler named Charles Ponzi who fathered a pyramid investment scam in the Roaring Twenties and later was known as the father of the chain letter and telephone tree. But both of these views are wrong, off track, and fundamentally equivalent to complaining about the food in hospitals.

If Social Security were a Ponzi scheme it would have collapsed from its own weight in the Forties. Pyramid schemes, like chain letters, never go beyond the fifth tier. And they certainly don't last for 67 years.

And Social Security is no more socialistic than unions, banks, or for that matter our own democratically elected representative government.

But the government is strangely quiet about both of these fabrications because these beliefs, like many others, help mask the dirty deeds that the feds are up to without putting blame on them. They have many other sidetracks and diversions.

The Social Security Administration, housed in Baltimore, is by far the most efficient independent organization in the federal government. It operates on less than one percent of its annual revenue while maintaining offices in every major city, all while never missing a heartbeat in its obligations to the retired and disabled on the third of every month. Currently about 60 million people are drawing the same percentage they once contributed, adjusted to inflation and today's cost of living.

Since 1983, when payroll taxes were increased far beyond what the Social Security Administration needed, this entitlement has become the government's greatest slush fund, now reaching the hundreds of billions per year. Last year alone it produced a $98.7 billion excess/profit for the pirates to plunder.

The Beltway Bandits have no intention whatsoever of giving up this extra money, cutting the tax, or of putting it to work for America's 141 million employed the way they invest their own money in their own Thrift Savings Account. Both representing simple actions that could have been implemented ages ago if the government were honest and sincere.

Oh, they talk a great story about "saving" Social Security, about the trouble they want you to believe it's in, and what a complicated actuarial problem it is, but it's all nothing but talk. There is hardly a word of truth in any of it.

Meanwhile, they take every cent of the surplus/profits generated by payroll taxes, spend that money wherever they please, and then pretend that they merely borrowed it. We would all be better off if they just took the money and ran, but they want to plead innocent and play this borrowing game or double taxation scam as though we contracted with them.

Unfunded liabilities come into play.

To carry out the story of borrowing the excess, the pirates put debt markers in a debit black hole that they call a "trust fund." These markers, they call them "special obligation nonmarketable Treasury securities or bonds," have no value, no contract, and are nothing but demands on future income taxes. They are "unfunded" because the money they represent was already spent elsewhere. It's impossible to both spend and save the same money.

To make matters even more criminal, and to further the borrowing hoax, these pirates award the debit black hole accounts annual interest with absolutely no money involved. They simple hand the "trust" more bogus bonds or markers.

Last year, the Social Security Trust Fund increased $162.7 billion, $98.7 billion in markers from stolen surplus/profits and $64 billion from interest against the previous year's balance. This phony fund now accounts for 21.4 percent of the national debt and stands at $1.3 trillion.

Eighteen other entitlements, including Medicare, are robbed with equal abandon and brazen if not shrewd planning. Along with Social Security, they account for almost 40 percent of the national debt.

In fact, the entire "Intragovernmental Holdings" side of the national debt is nothing more than a scam that makes Enron and WorldCom look like Cub Scouts eating their own cookies. Where do you think these companies learned about double bookkeeping, on and off budget accounts, and how to crook the books?

And who do you think is supposed to pay off these unfunded liabilities? Do you think that the Beltway Bandits are going to come up with the cash out of their own pockets or that they have some source of significant revenue other than taxpayer dollars? Maybe, receipts from national parks or confiscated dopper money in the trillions?

The Pay-It-Again Sam scam is the greatest economic crime ever committed by a government against its own people.

And on November 5th the public is going to go to the polls to endorse this criminal behavior by voting for one or the other choice of candidates already sworn to uphold the tradition. Candidates that our two party system permits to be on the ballot and actively sponsors.

You do realize, of course, that choice is freedom. Don't you think that it's about time to ask yourself what sort of freedom you've really got? Can you stop paying excess payroll taxes for instance? Can you not pay the gas tax at the pumps? In fact, faced with reduced revenue from a recession we're not supposed to be having, don't you find your local State, City, and County governments tacking on utility and other taxes all over the place without even bothering to call them "entitlements" or give you much choice other than a referendum here and there?

You don't really need me to point this out to you. The evidence is all over the place. The only question is what are you going to do about it? It all comes down to the people you know, how long you are going to take it, and when are you even going to acknowledge it. If you are waiting for the millionaire talking heads of the investigative media to expose it, then you are really in a delusional fantasy land.

Witness this.

We all see airlines struggling for survival after 9/11, the shutdowns, increased security, and fewer people flying. But have you ever heard anything, even the slightest mention or complaint, from the media that went without commercial advertising for more than six weeks after 9/11? Revenue from commercials is the nut for television. It's how they get paid and how they can afford $14 million annual salaries to people like Katie Kurick. How do you explain that?