Politicians will never let it happen—never. Why, you ask? Because it would take away too much slush fund money that ex-Senator Daniel Patrick Moynihan says the government will "enjoy for years to come." There's about as much chance of a payroll tax cut as there is CNN or FOX News interviewing or having guests opposed to the invasion of Iraq.

But doesn't presidential hopeful John Kerry have a campaign proposal to reduce payroll taxes for a year, to have a payroll tax holiday?

Yeah, yeah, we've heard things like that before. Everybody gets their hopes up, and nothing happens. Remember the lock-box bills that took three years and the democrats killed all three bills in the Senate even though they passed the House by votes like 420-to-2.

Nancy Pelosi, the new chair of the Democratic Party, is already making the usual asinine and dishonest booga-booga noises about how it would take too much money out of the bogus Social Security trust fund, a debit black hole that never holds anything but debt.

If the Beltway Bandits, republicans and democrats alike, had the slightest bit of integrity they could have reduced payroll taxes by at least two points at any time in the past. But they didn't, did they?

Since 1983, and thanks to Daniel Patrick Moynihan and Bob Dole, the federal government has been collecting more money than Social Security needs in order to meet all of its obligations to the retired and disabled. They've overcharged every worker. And they spent this surplus wherever they pleased. It's even a major element of the budgets they sweat over years ahead of time. It's their major slush fund.

Even with high unemployment (fewer workers contributing), Social Security payroll taxes still produced an $89 billion surplus in fiscal 2002. The year before that, fiscal 2001, this surplus was $98.7 billion. And the year before that, fiscal 2000, it was $94.5 billion. In normal times, it just keeps increasing.

Along with 18 other entitlement accounts, including Medicare, that the pirates rob with equal abandon they were once so taken with increasing multiples that they thought they could pay down the "available" part of the national debt in ten years or so. The crooks had great dreams.

So if you want a tax break—get rid of fraud. Wipe out the Mafia style debt markers that make up 42 percent of the national debt and are absolutely meaningless.

Eliminate Fraud

In a scam that makes Enron, WorldCom, Arthur Andersen, and all of the corporate shenanigans look amateurish and like Girl Scouts eating some of their own cookies, the Beltway Bandits have accumulated $2.7 trillion in fraudulent accounting. That's 337.5 billion times greater than Enron's double bookkeeping.

We could take the entire "Intragovernmental Holdings" side of the national debt and eliminate it. Bankrupt it. Delete it. Erase it. Or simply forget about it. Quietly or with great fanfare, throw it out and reduce the national debt by more than forty percent. It's fraudulent and absolutely worthless.

Simply outlaw "special obligation nonmarketable bonds" and we would be in exactly the same position we're in now anyway. Nothing would change, we would still be doing exactly what we're doing now, except every American taxpayer could breathe a sigh of relief and would have more money to keep.

At least eleven of the smaller entitlement trust funds have been drawing down on their bogus holdings in the last year, and where does the money come from? Why, it comes from the General Fund of the U.S. Treasury. The fund that holds recent personal income and corporate taxes as well as any money the government borrows from investors honestly and in accordance with the Constitution.

It comes from exactly the same place it would come from if there were no trust fund at all.

This is taxpayer money, whether it was sweat equity that our employers deducted from wages or whether it was put on the credit card for our children and grandchildren to pay later. It's not one governmental department paying back another, or the government paying itself, as the pirates want you to believe. Intragovernmental Holdings are all bogus bonds that we purchased by giving the pirates surplus money.

No matter how you look at it, it's fraud—criminal fraud.

For instance, during the last year the Labor Department has not been receiving funds sufficient to pay all of the laid-off people drawing unemployment and extended unemployment compensation. What employers are sending in as part of their regular tax is not enough. So the Labor Department turns to its Unemployment trust fund to make up the difference.

In fiscal 2002, the Labor Department cashed-in $23.7 billion of its bogus holdings in the Unemployment Trust Fund and the cash came right out of the Treasury's general fund. Every taxpayer in the country paid this money, plus interest, when it had been paid before by employers who gave the government more than was necessary in the good years, the fat years. Money that they stole, spent elsewhere, and tried to cover with bogus markers, IOUs that were truly UOUs.

Is that any different than what would have happened if there was no trust fund at all and we had the same shortfall? Of course not. It's exactly the same.

The so-called news media and the well fed watchdogs like the Concord Coalition don't mention any of this do they? I wonder why. The Treasury figures are right there available to anyone.

All we have to do is get rid of fraud and fraudulent people. As President Bush says; "Anyone who would commit such fraud should be in handcuffs."

Cut all entitlements back to break even and we'll all have more money in our pockets. And we'll still be able to take care of shortfalls the same way we do now. No matter how much they yell and scream like spoiled children, there is no reason to ever give the government more money than it needs.