..........Al Gore is trying to win votes by distorting facts of Social Security. It's hard to believe that he isn't aware of these lies or that his speech writers and handlers don't know better.
..........Recently, he claimed that George Junior's plan to privatize 16 percent of your FICA payments might jeopardize monthly payments to the retired and disabled. Taking this much money out of receipts from today's workers, receipts used to pay today's retired, would put too much risk and strain on the Social Security system. Social Security might not be able to continue meeting its responsibilities. Can you believe that crap?
..........Truth is, the 16 percent he's talking about is exactly the amount of "surplus" the government steals from Social Security (see confessions). Overpayment money that is not needed by the Social Security Administration in meeting its monthly responsibilities to the currently retired and disabled. Money that, if invested wisely, would go a long way towards providing a better pension plan for all American workers.
..........In other words, what he's telling you is that a vote for Al Gore is a vote for continued waste and misuse of your future retirement money.
..........Like two peas in a pod, Gore and Clinton both go on to tell you outright that they intend to continue stealing Social Security money in order to pay off the national debt with your retirement money. They are not lying about this. In fact, they are already doing it.
..........Without any approval from Congress, the current administration is engaged in a money laundering operation that does nothing more than transfer debt from one credit card to another. They use entitlement funds to pay down the national debt by paying off maturing Treasury notes purchased by investors and not immediately putting replacements on the market. But the money they use to do this adds to the national debt by increasing the nonmarketable IOU bonds in entitlement trust funds.
..........As a result, we have a situation where the real cash paid to investors in annual interest has dropped from $253 billion to $229.7 billion last year. And the national debt increased $130 billion. Executives in the private sector would go to jail for this sort of fraud and skimming.
..........And the only thing that makes any sense at all is that once the entire national debt is transferred to trust fund accounts, some future administration will tell us that nonmarketable bonds were a rip-off all the time and should simply be wiped from the books.
..........That's the Clinton/Gore plan. Tell the truth after getting everything wanted and it's too late to do anything about it.
...............................................................Bubba's plan
..........Meanwhile, the plan proposed by George W. seems to be an exact duplicate of the Thrift Savings Plan that his daddy helped draft for government employees back in 1983 when the federal government switched from the Civil Service Retirement System to the new Federal Employee's Retirement System (FERS).
..........Under this plan, federal employees can decide to have contributions invested in the stock market through Barclay Bank of Great Britain. Since the last five years have resulted in an average annual return of 28 percent on investment, many federal employees are becoming millionaires under this plan.
..........Of course, American workers will probably not be allowed to freely invest as much as they want like federal employees but the 14 percent of their FICA taxes invested in individual accounts will certainly be better than having it stolen and then having to pay it back under the Pay-It-Again, Sam plan.
..........While it's certainly better than the Gore/Clinton plan, what's really wrong with the Bush scheme is that it only applies to Social Security and not the other entitlements as well. Remember, of the $2 trillion stolen from entitlements so far, only $864 billion has come from Social Security overpayments (as of the close of fiscal '99).
..........And the federal government can make another slush fund out of almost any of the other entitlement accounts. The Medicare trust fund, with $232 billion in bogus bonds already is a natural for greater plundering.
..........Further, the Bush plan leaves the management of these monies and investments in the hands of Washington's pirates. What's the point in leaving more money in the scheming hands of confessed thieves? Isn't that the same as expecting repeat rapists, known burglars or John Gotti to turn over a new leaf?
..........All trust fund investment could be turned over to accountable people in the private sector. People we could watch and fire if they don't attain minimum quotas of return on investment. But this may never happen. The pirates will vehemently resist giving up control of our money.
..........Recently, he claimed that George Junior's plan to privatize 16 percent of your FICA payments might jeopardize monthly payments to the retired and disabled. Taking this much money out of receipts from today's workers, receipts used to pay today's retired, would put too much risk and strain on the Social Security system. Social Security might not be able to continue meeting its responsibilities. Can you believe that crap?
..........Truth is, the 16 percent he's talking about is exactly the amount of "surplus" the government steals from Social Security (see confessions). Overpayment money that is not needed by the Social Security Administration in meeting its monthly responsibilities to the currently retired and disabled. Money that, if invested wisely, would go a long way towards providing a better pension plan for all American workers.
..........In other words, what he's telling you is that a vote for Al Gore is a vote for continued waste and misuse of your future retirement money.
..........Like two peas in a pod, Gore and Clinton both go on to tell you outright that they intend to continue stealing Social Security money in order to pay off the national debt with your retirement money. They are not lying about this. In fact, they are already doing it.
..........Without any approval from Congress, the current administration is engaged in a money laundering operation that does nothing more than transfer debt from one credit card to another. They use entitlement funds to pay down the national debt by paying off maturing Treasury notes purchased by investors and not immediately putting replacements on the market. But the money they use to do this adds to the national debt by increasing the nonmarketable IOU bonds in entitlement trust funds.
..........As a result, we have a situation where the real cash paid to investors in annual interest has dropped from $253 billion to $229.7 billion last year. And the national debt increased $130 billion. Executives in the private sector would go to jail for this sort of fraud and skimming.
..........And the only thing that makes any sense at all is that once the entire national debt is transferred to trust fund accounts, some future administration will tell us that nonmarketable bonds were a rip-off all the time and should simply be wiped from the books.
..........That's the Clinton/Gore plan. Tell the truth after getting everything wanted and it's too late to do anything about it.
...............................................................Bubba's plan
..........Meanwhile, the plan proposed by George W. seems to be an exact duplicate of the Thrift Savings Plan that his daddy helped draft for government employees back in 1983 when the federal government switched from the Civil Service Retirement System to the new Federal Employee's Retirement System (FERS).
..........Under this plan, federal employees can decide to have contributions invested in the stock market through Barclay Bank of Great Britain. Since the last five years have resulted in an average annual return of 28 percent on investment, many federal employees are becoming millionaires under this plan.
..........Of course, American workers will probably not be allowed to freely invest as much as they want like federal employees but the 14 percent of their FICA taxes invested in individual accounts will certainly be better than having it stolen and then having to pay it back under the Pay-It-Again, Sam plan.
..........While it's certainly better than the Gore/Clinton plan, what's really wrong with the Bush scheme is that it only applies to Social Security and not the other entitlements as well. Remember, of the $2 trillion stolen from entitlements so far, only $864 billion has come from Social Security overpayments (as of the close of fiscal '99).
..........And the federal government can make another slush fund out of almost any of the other entitlement accounts. The Medicare trust fund, with $232 billion in bogus bonds already is a natural for greater plundering.
..........Further, the Bush plan leaves the management of these monies and investments in the hands of Washington's pirates. What's the point in leaving more money in the scheming hands of confessed thieves? Isn't that the same as expecting repeat rapists, known burglars or John Gotti to turn over a new leaf?
..........All trust fund investment could be turned over to accountable people in the private sector. People we could watch and fire if they don't attain minimum quotas of return on investment. But this may never happen. The pirates will vehemently resist giving up control of our money.