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WHAT DID ENRON DO
THAT THE FEDS HAVEN'T DONE, IN SPADES??? |
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| For years, the federal government has played around with the simplest of problems—reforming Social Security. All they've ever had to do is stop stealing the money, but they've had no reason to stop and the booty is enormous. Last year alone, they stole $98.7 billion from Social Security "surplus" payroll tax payments. Now, this same government acts surprised when a private energy company has been exposed using much the same tactics, even talking about "on budget" accounting and shredding documents. Who is the real culprit here? Who's the teacher, and who the student? Enron falsified statements of their revenue and profits causing their stock to rise. Compare that with the falsehoods of paying down the national debt. Who is telling the bigger lie? The president of Enron encouraged his employees to hold onto stocks that they held in 401-K accounts, causing them to eventually lose everything when the stocks fell to practically nothing. Compare that to presidents and politicians who have been telling American workers, 141 million of them, that their "surplus" payroll tax payments have been stored safely in trust funds. Trust funds that the Secretary of the Treasury tells us have no money, no positive assets, and amount to nothing more than markers to pay the same taxes again someday—double taxation, plain and simple. The Pay-It-Again, Sam scam. Who is committing the greater crime here? Who's calling the kettle black? Worst of all, who is going to hold the other accountable? Enron employees who lost everything are better off than workers who must pay the same tax again, plus interest. Each year that the federal government steals retirement, health care, and other money for services you are "entitled" to (that's what entitlement means), and spends that money elsewhere (it's the only way they can afford their pork)—America's workers have lost that money. It's gone forever. They are in exactly the same position as Enron's people. But when these same workers (or their children) are forced to repay that money again someday plus interest—then they are more than twice as bad off as Enron's people. The government, through its con game, put them more than 100 percent in the hole. Nobody has really calculated the "magic of compound interest" in this debt accounting, but it's at least 130 percent worse than Enron's con. Who is going to judge whom? Unfortunately, Enron employees were also paying payroll tax overcharges, so they got it from both sets of crooks. And the beat goes on—and on—and on—until the victims do something about it. Too bad America's workers are not given the choice or chance to sell off their payroll tax overcharges. |
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