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(Your money in the hands of the United States Government) |
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The U.S. Treasury's Quarterly Report for December covering many trust fund 1999 totals which in combination with The Monthly Statement for September 1999 covers all of the major trusts for fiscal 1999 (You may download or read these in whole or in part at the above links to the Treasury) |
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POOP'S PREDICTIONS |
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For most of calendar year 1999, the People's Open Opposition Party has been telling you that Congress and the Administration would steal at least $67 billion from Social Security during 1999. The final figure is...........
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stolen from Social Security alone |
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| That's sixty-eight billion, six hundred million and change, stolen from money every working American contributed to what each of them thought was retirement. Instead, it went to wars in Kosovo, world banking ventures, world trade folly, special interests and other pork barrel activities that the Federal Government could not otherwise afford. | ||||||||||||||||||||||||||||||
| This, while more than two million privileged members of the oligarchy, including just about everyone in Washington, D.C., earned 28.2 percent on investments in stocks. Investments made through the Federal Employees Retirement System's (FERS) Thrift Savings Plan (TSP). A privatized way of investing in the top 500 Standard and Poors index of the New York Stock Exchange, and handled by the Barclay Bank of Great Britain. | ||||||||||||||||||||||||||||||
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| POOP told you that, by the end of fiscal 1999, the Social Security Trust Fund would reach at least $850 billion. All tied up in bogus nonmarketable Treasury Bonds that cannot be traded on the open market and, instead, will someday be redeemed by the general public; i.e., the very same working people, their children and grandchildren, who contributed Social Security excesses in the first place. The actual figure reached is....... | ||||||||||||||||||||||||||||||
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in the Social Security Trust Fund (see chart) |
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| That's an increase of $125 billion over the $739 billion held at the close of fiscal 1998. | ||||||||||||||||||||||||||||||
| $56.3 billion = interest (paid by more bond issues) $68.6 billion = excess/surplus from FICA taxes |
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| Under Wimpy's "I'd gladly pay you twice tomorrow for a hamburger today" plan, Congress and the Administration are willing to commit you and your children to $125 billion in additional debt so that they can steal an extra "off budget" bankroll of $68.6 billion from payroll taxes. Isn't that nice of them? | ||||||||||||||||||||||||||||||
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| POOP told you that many entitlements other than Social Security were being robbed with equal impunity and represented by Trust Funds stuffed with illegal "Pay-it-again, Sam" bonds as well as Pay-it-for-the-first-time perks for the government itself; i.e., privileges legislated and awarded these bonds without cash involved and strictly for the oligarchy. POOP claimed that the total for such Trust Fund representation would exceed $1.9 trillion in 1999, 34 percent of the national debt. The actual figure is......... | ||||||||||||||||||||||||||||||
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(almost $2 trillion) |
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of the national debt |
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| Five years ago, 1995 when the national debt stood at $4.9 trillion and was the real cause for "non-essential" government employees twice getting a paid vacation, the percentage of the national debt held by Trust Funds was 27 percent. See POOP's article on Money Laundering. | ||||||||||||||||||||||||||||||
| MORE TO COME | ||||||||||||||||||||||||||||||
| THE REAL QUESTION: | ||||||||||||||||||||||||||||||
| How long are the American people going to put up with this crap? We've already had two years of staged town hall meetings, outright lies about things like "76 million baby-boomers" and a boatload of candidates who all pussyfoot around the "third rail" like a bunch of wimps trying to become the next Wimpys. And we've got media "watchdogs" that either cannot see the forest for the trees or are, like AARP, government lackies devoted to supporting this nonpartisan rip-off. | ||||||||||||||||||||||||||||||
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of being kings or the couriers of kings As children would, they all chose to be couriers Now, they run about the world shouting messages to one another Message which, since there is no king, have no meaning They realize the hopelessness of their situation and would like to change but dare not because of their oaths to service Franz Kafka |
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The last line might be changed to "oaths to benefits" |
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