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| ..........Complaining about the danger or risk of investing Social Security excess in the stock market is like a man who lost one leg now complaining that an artificial limb will inhibit his new leg from growing back. It's that ridiculous and out of context. ..........As it is now, roughly 16 percent of the money you and your employer pay in Social Security taxes is stolen by the federal government. It's gone. Spent. Blown on pork barrel projects, wars, world banking or whatever Congress and the Administration want to do with it. You are never going to get it back. Return on your money is nothing, zero, zip, zilch, nada, squat, the big goose egg. ..........The stock market has never dropped to zero. Even during the great depression of the thirties, the stock market still returned a minimum of three percent to investors, often much more than that. ..........You would be better off if it stopped there, but it doesn't. When they took your money, these crafty con artists deposited certificates of indebtedness in what they call a trust fund. These certificates are nonmarketable bonds and the trust fund is nothing more than a debit account; i.e., a mechanism to tell the Treasury how much can be taken out of the general fund of annual income taxes if money is needed by whoever is named on the account. ..........In other words, you not only had your money stolen but you, your children or grandchildren will pay it back someday. You will pay the same amount a second time from your income taxes when Social Security or any other entitlement needs their money back. And when this happens, you will do without something in infrastructure, agriculture, education, defense or whatever that money might have been used for instead of repaying the pirates who stole your first payment. You will lose some of the benefit for which we all pay income taxes. ..........It's exactly the same as robbing your child's piggy bank, then leaving behind a note that says he or she must replace the money. It's double taxation plain and simple. ..........Social Security's excess is stolen every month. The debt or amount you will someday have to pay again has risen to $864 billion. We're not talking about petty theft here. ..........If you add all of the other entitlement rip-offs together, such as the $232 billion stolen from Medicare overpayments, $28 billion in excess gas taxes, $89 billion in Unemployment Insurance overpayments and many others, the total is more than $2 trillion. Social Security just happens to be the largest. ...............................................................Imagine ..........How far do you suppose some of that $232 billion stolen from Medicare might have gone towards cheaper prescription drugs or mammogram examinations? The things Al Gore is now promising. ..........Three years ago, the Department of Transportation told John Kasich's House Budget Committee that they would need to cash in all of the notes in the Highway Trust Fund in order to repair Interstate highways. The following year, $5 billion was taken out of your 1998 income tax payments to begin covering this expense, and the Highway Trust Fund dropped from $23 to $18 billion. Then Al Gore came up with the idea of tacking four cents more onto gasoline taxes so this would not happen again. ..........Politicians hate it when someone dips into their general fund; i.e., cashes in nonmarketable bonds. They've already planned on where this money is going or who is going to get what. They will act very fast when their pork barrel plans are disrupted in any amount. ..........Now, we've got high prices for gas but the Highway Trust Fund took in an extra $6 billion in gasoline taxes last year and the trust fund is back up to $24 billion. Isn't that nice? ............................................................Stock investment ..........Al Gore is telling us that the stock market is the wrong place to put this money. According to him, the stock market is too dangerous, volatile and risky. ..........The federal government itself has, under the Clinton/Gore Administration, initiated the same sort of investment plan for themselves and their two million government employees. The same sort of plan George Jr. seems to be pushing for Social Security surplus. ..........More than two million government employees are allowed to invest, through Barclay Bank of Great Britain, in the Standard and Poors Index of the top companies on the New York Stock Exchange. This Thrift Savings Plan has brought an average return on investment of 28 percent annually over the past five years. ..........How can Al Gore argue against the same sort of thing for American workers? At least, without appearing to be more of a dunce. ..........May, 26, 1999, more than a year ago, the House of Representatives passed (416 to 12) H.R.1259, the "Social Security and Medicare Safe Deposit Box Act of 1999." This bill is also referred to as the "Lock Box" for excess trust fund money. The bill went immediately to the Senate where it has been stonewalled by the democrats and will probably never see the light of day. ..........The democrats killed this bill because they support the Clinton/Gore plan to use surplus money to pay down the national debt. ..........How do you feel about having your retirement money go towards paying off a debt that the federal government has run up to $5.7 trillion, mostly since 1980? Does that sound like an honest use of your retirement money to you??? |
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