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FRIGGIN' LIES
FRIST SOUNDS LIKE A DEMOCRAT |
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| I hope you were all watching Tim Russet's show Sunday morning when he interviewed Bill Frist the new leader of the republican Senate. When asked about possible cuts in payroll taxes, Frist immediately put forth the scare story that any cuts in payroll taxes would "jeopardize the benefits" received by the currently retired and disabled. A booga-booga story usually reserved for democrats. The truth is that the main source of surpluses in the past continues to this day. Last year, Social Security produced an $89 billion surplus, money that the Social Security administration did not need in order to make all of its monthly commitments to the retired and disabled. It's impossible that Bill Frist doesn't know this since he serves on the Senate Budget Committee. So why is he lying? Why is he trying to frighten people? We all know the answer to that one don't we? It's just like the booga-booga baby-boomer scare story that has little basis in fact. Soon they'll be telling us that these fictitious fantasy boomers came in the night and ran off with the surplus. It's virtually impossible that all members of the House and Senate don't know that Social Security continues to produce huge surpluses and will continue to do so unless we reach unemployment rates of about thirty or forty percent of the 142 million work force currently being overtaxed. The federal government not only has both House and Senate Finance, Budget, Appropriations, Ways & Means, and Tax Committees that work on estimates of revenue all of the time, but they also have the Congressional Budget Office (CBO), the General Accounting Office (GAO), and the Office of Management & Budgets (OMB) to help them with constant reports. It's absolutely impossible that every member of Congress and their staffs do not know of the "off budget" revenue surpluses Social Security payroll taxes are generating. Contrary to the above, the federal government doesn't ever need a surplus or a "contingency fund" to operate smoothly. Our forefathers saw to that when they gave the federal government a unique and constitutionally authorized credit carda means of borrowing honestly from investors, both foreign and domestic. The trouble is, our crafty politicians and bureaucrats think that they've found a way to expand the conditions of this credit card to their liking. In a scam that makes Enron and WorldCom look like pikers or small craft on the sea of malfeasance, the Beltway Bandits pretend to "borrow" entitlement surpluses even though they've already spent the money. In other words, they pretend that it's possible to both spend and save the same money. The result is a flurry of fraudulent accounts called trust funds and even an entire side of the national debt that's completely fraudulent with 94 percent of it in bogus bonds awarded to debit black hole accounts and the balance, some 127 different funds, covering perks for the pirates themselves and their cronies. This scam is so enormous the Beltway Bandits will do anything, including starting wars, to keep the public from finding out. A lie here and there is small change in terms of the real fraud that might come unglued if they are not careful or if they do not employ enough weapons of mass distraction. |
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