MISSING LINKS
WHERE'S THE FOURTH ESTATE?
Pay attention to the breadth and detail of newspaper and media analysis of the Enron debacle. Then ask yourself why the same sort of penetrating analysis and investigation isn't applied to the federal government and your own retirement money. Why the news people sit back and contentedly ignore the most blatant rip-off any country has ever seen or any government has ever pulled on its own citizens.

Ask yourself if we really have a free, objective, watchdog press or a bunch of lapdogs afraid to jeopardize their seat at press conferences and their access to inside unnamed sources.

Shall we take it point by point?

  • How often have you been told that the government is paying down the national debt while this debt continues to rise year-by-year? The US Treasury's Bureau of Public Debt web pages report the national debt to the penny with the history of each year's increase. The debt has never gone down. How's that for painting a false picture?

  • What the government is doing is to launder debt from one credit card to another in a scam that would make Marc Rich proud and probably accounts for his pardon. When the government claims to "borrow" Social Security and other entitlement money, it feels compelled to place an equal amount of debt markers in the Social Security Trust Fund or other respective fund. The transfer is a wash, except for annual interest tacked on. However, the government saves six to seven percent in annual interest that must be paid honest investors on the side they're reducing while the entitlement side is paid by simply passing out more bogus bonds like candy from Santa Claus. It takes $100 billion of your retirement money to save them $7 billion. How's that for a lucrative investment or proper use of your retirement money?

  • Politicians and bureaucrats will tell you that they are only following "the law" when they do this--which is an absolute lie. The law to which they refer gives them the option of investing surpluses in anything including hula-hoops. Even if such a law did exist, it would be a bad law in need of change. They are the law makers.

  • How many times did you hear that the government was "strengthening" Social Security by adding to its trust fund? That they were extending its life and viability to at least 2036? Only to find out from the Secretary of the Treasury himself, manager of the account and one of the six trustees of the fund, that there was no money in the Social Security Trust Fund. That it holds nothing but demands on future taxes, debt pure and simple, and now accounts for 20.4 percent of the national debt. Debt that can only be paid off with taxpayer money. How's that for leading your own people down the garden path with an investment that's worse than throwing your money away?

  • How many times did you hear of, and the media spread the gossip of a fictitious "76 million baby-boomers" looming on the horizon and about to wreck havoc on the supplemental retirement and health care system? Boomers that do not show in census totals and are, in reality, closer to 7 million births above normal between 1945 and 1965 due to lusty servicemen returning from theaters of the Second World War. How's that for misrepresenting and distorting facts? Or did the investigative watchdogs forget to go to the source and instead applied the Mayberry syndrome of quoting politicians and boys at the local barber shop.

  • How many times have you heard about "lock-boxes" that don't exist and never did? Figments of imagination, spook stories, when in reality the surplus overcharges from payroll taxes and other entitlements are spent as fast as they come into the Treasury. Real trust funds are already lock-boxes.

  • What's the difference between a budget and a unified budget? Talk about double bookkeeping and skimming in the trillions.

  • How many times have you read articles or heard reports that make it seem Social Security is the only golden goose when 40 percent of the rip-off comes from other entitlements like Medicare, gas taxes, unemployment taxes, airports and airways and about a dozen others, even Indians.

  • How many spurious plans to "save" Social Security have been put forth by the crooks themselves just to stall and make certain the theft continues? Smoke screens doomed from the start.

  • How many lies have been promoted to scare seniors into believing reform would affect the retirement money they're already receiving? When no sensible reform deals with anything but the surplus being stolen. The overcharge every working American is overpaying.

  • How difficult is it to simply stop stealing the money? Then, to either cut taxes (stimulating the economy) or invest that money properly as the government does with its own Thrift Savings Plan? A diversified investment portfolio available to all federal employees, not just newcomers or the young, using your tax money for matching funds and handled by Barclay Bank of Great Britain. Was there a reason not to pick hometown boys like Arthur Anderson?
Are you beginning to get the picture? It just goes on and on. Look at how many years we've been waiting for reform while the government reaps it in and the Fourth Estate sits on its hands.

There comes a point when you've got to ask yourself who your friends are. Who's really working for you and who is in collusion with the crooks.