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Home » Politics » Uncle Suck and the World’s Greatest Ponzi Scheme

 

THE VAST SOCIALIST INSECURITY FRAUD

 

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               Ponzi                                                                                       Madoff

 

For many decades the disastrous, unsustainable lure of FDR’s “Social Security” scam has systematically been used to tragically deceive tens of millions of gullible Americans into placing their futures into the corrupt hands of money squandering liberal Democrat political prostitutes.

 

UNFUNDED LIABILITIES OF MEDICARE, FEDERAL & STATE

RETIREMENT + SOCIAL SECURITY =

APPROXIMATELY 200 TRILLION DOLLARS!!

 

The nearly 80 million baby Boomers were suckered into throwing literally trillions of dollars away to pay their fraudulent FICA (Social Security) taxes.

 

Most THOUGHT there were millions of secure accounts awaiting them for a comfortable retirement. Sleazy politicians, (Politics from the Greek: Poly = many, tics = blood sucking parasites!) literally embezzled the funds to fund various vote buying scams. ALL OF THAT MONEY, DUMPED INTO THE GENERAL FUND WAS SPENT LONG AGO!! (THE CULPRITS ARE LONG OUT OF OFFICE COLLECTING HUGE GOVERNMENT PENSIONS NOT SOCIAL SECURITY!)

 

AS IN A CLASSIC PONZI SCHEME, THE EARLY INVESTERS WALKED AWAY SMILING, THUS ENCOURAGIING A WIDENING CIRCLE OF NEW INVESTORS TO FLOCK INTO THE SCAM.

WHEN NEW INVESTORS DRY UP, THE SCHEME INEVITIBLY CRASHES AND BURNS!!

I READ THAT THOSE RETIRING IN 1978 RECEIVED $22 FOR EACH DOLLAR CONRTIBUTED!! GREAT FOR THOSE EARLY “INVESTORS” A DISASTER FOR FOLLOWING GENERATIONS!!

In addition because of government corruption incompetence and inefficiency, it takes THREE DOLLARS IN TAXES TO HAND OUT ONE DOLLAR IN BENEFITS!! That is why the Social Security taxes have been squandered.

 

All that money stolen from the Social Security Trust Fund went for hand outs like Agricultural subsidies for growing cotton and alfalfa in California deserts, turning valuable food (Corn) into highly inefficient SUV, truck fuel protecting the over paid US sugar lobby and a myriad of other rotten vote buying scams. . Result: High food prices, starvation in third wold countries (A big factor in the Egyptian Revolution)

 

THE NEXT CONGRESS MUST STOP THIS IMMEDIATELY!!

 

We have heard of the Midas touch. (Ref. King Midas of Lydia, all he touched turned to gold.) UNCLE SUCK HAS THE FECAL TOUCH. All he touches …..(I don’t need to spell that out)

 

The corrupt Federal Government, mostly led by Pie in the Sky Democrats deceived the US population into believing that Uncle Sam was really Santa Claus. The Federal welfare program called “Earned Income Tax Credit” gave back the very FICA contributions to those Americans most dependent on the program. Using stolen FICA funds Uncle Suck has funded various pork programs, extorted to pay bloated union wages (Davis Bacon Act), agricultural subsidies, bridges to nowhere etc, etc, etc. THOSE CONTRIBUTIONS SHOULD HAVE BEEN PLACED INTO SECURE FINANCIAL INSTUMENTS IN INDIVIDUAL RETIREMENT ACCOUNTS FOR ALL THOSE PEOPLE.

 

Trying to fund these promised, BUT UNSUSTAINABLE programs will inevitably lead to national bankruptcy as interest on the national DEBT EXPLODES. INTEREST RATES ON THAT DEBT WILL SPIKE, US CREDIT RATINGS WILL CRASH AND BURN.

 

The small amount that could be raised by the demagogic repeal of the Bush Tax Cuts would be as effective getting the passengers on the Titanic grabbing tea cups to bail out the ship, after the brittle steel hull was shattered by that ice berg.

 Remember  the idiotic "Screw the Rich" Yacht Tax during the first Bush years? It destroyed the US yacht building industry, cost thousands of US jobs and drove many companies into bankruptcy. Soon, instead of building yachts we were importing them. Tax revenues PLUMMETED  That and other tax increases DESTROYED THE BUSH 41 PRESIDENCY He was mocked and ridiculed in his losing campaign.  George H. W. Bush – YouTube

NOW BARAK HUSSEIN OBAMA WANTS TO TAX CORPORATE JETS!! THE RESULT WILL BE MORE DESTROYED JOBS AND ANOTHER US INDUSTRY. READ BLACK AMERICAN PATRIOT WALTER E. WILLIAM'S EXCELLENT COLUMN ON THIS TOPIC

Walter E. Williams

Ignorance, Stupidity or Connivance? – Walter E. Williams – Townhall Conservative 
   The following essay clearly outlines the horrific results of FDR's insane leftist economics and the malignant cosequences still plaguing the USA and Western Europe to this day. I hope our next president finds a high level economic position for Dr. Williams.
 
I realize more than ever that Roosevelt was a committed Marxist and the root cause of most of the economic misery and ruin we face today. Roosevelt also installed the current unsustainable, Marxist system and parasitic culture of entitlement that is collapsing European economies as well. Unfortunately, cowardly Republicans are afraid to explain his disastrous policies, not only the Social Security Ponzi Scheme (Scam is actually more truthful) but the Great Depression and indirectly , the enslavement of half of Europe by Stalin and millions of needless deaths.
Walter E. Williams is a great teacher and I do not know why he is not on Fox or CNN to clarify the origins of our current catastrophe.
 

 

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Davis                                    Bacon (His real name!) 

                                         (Bringing Home The Pork: U PAY!!)

 

The 80 year old Davis Bacon act is an especially grievous wound to the federal budget. It adds literally billions to myriad Federal projects, with the payment of extortionate wages to Democrat supporting unions. Its original purpose: A "Jim Crow Law" to prevent the hiring of (As styled in those days)  Negro workers. Just think about this the next time you see 6 guys loitering around a single shovel on an over budget, long delayed, featherbedded (Lots of unneeded workers paying Union Dues) highway project. Side light origin of the term "Jim Crow" Who Was Jim Crow?

                                                                                        ILW.COM – immigration news: Davis-Bacon: Jim Crow's Last Stand

                                                                                        Jim Crow Lives On – Halt The Assault
 

 

WHAT MUST BE DONE IMMEDIATELY!

 

1. End the Earned Income Tax Credit (EITC) government welfare vote buying scam. Those FICA taxes must now go directly into an individual retirement plan with careful safe guards. STOP RAIDING THE SOCIAL SECUURITY TRUST FUND! Half the population are Tax Parasites, not tax payers. Of course they are not interested in tax cuts since they pay no taxes! Everyone should pay those FICA taxes and no more EITC refunds.  Otherwise, NO BENEFITS LATER!

 

2. No Social Security payments for elderly immigrants brought into the US by their relatives to defraud US Taxpayers!

 

3. No benefits of any kind for immigrants. We need more contributors to society, not more parasites. No more illiterate peasant farmers with 6 kids. Let’s have Yacht people, not boat people. QUALITY IMMIGRANTS FOR A QUALITY COUNTRY!

 

4. The social security retirement age MUST BE RAISED TO REFLECT MUCH GREATER LIFESPANS! 70 should be the minimum age to avoid US bankruptcy. ALSO Repeal Bush' huge medicare crushing "Prescription Drug Benefit"

 

5. The USA has the highest Corporate income Taxes in the world. Combined with complex OSHA and EPA regulations, this makes for a hostile business climate, driving millions of US jobs oversea. Reduce the Corporate rate from 35% to a competitive 19% immediately. Businesses and investors will quickly respond, tax eaters will become tax payers. That is the ONLY way to balance the Federal Budget! Only 58% of eligible US workers now have jobs, a record low. Reduce the Unemployment payment period to 26 weeks. The current 99 weeks is INSANE! This a hammock not a safety net.  After 99 weeks, skills are lost and workers become nearly unemployable. (I think that is EXACTLY what Obama wants: more demoralized hopeless dependents)

 

6. GET RID OF FREDDY MAC AND FANNIE MAE. Giving people houses they cannot afford is horrible for them and our for economy. Houses require repairs, property taxes and large heating and cooling costs. Require at least a 25% down payment. If one cannot afford that, they cannot afford the house!

 

7. Repeal the disastrous “Community Reinvestment Act” which forced banks, under the violent extortionate threats of Obama’s ACORN gangsters, to lissue half their mortgages  to unqualified borrowers. These were not just “Sub Prime” loans, they were pure excrement! This produced the ensuing housing bubble followed by the awful crash.

8. Get rid of the wasteful, impossible to implement   "No child Left Behind Act"  Some children simply do not have enough IQ points (IQ is genetic) to absorb certain subjects. I hold state teaching certificates in Chemistry, Biology, Earth Science and Physics. I have also taught Advanced Placement Physics. Each of these subjects requires a certain minimum IQ for reasonable success. Physics and Chemistry for example require a minimum of at least 110. I have checked student's IQ's and through many years of testing, the IQ of each student ranges by only a few points. IQ IS DETERMINED AT BIRTH!! Head Start, and No Child do not affect long term outcomes. More money down the toilet like it or not!! Interestingly some students deemed stupid or annoying by my fellow teachers, often had superior IQ's and were bored by lazy stupid teachers. Fewer, but more gifted teachers with LARGER classes are actually better. My life was literally threatened by my union leaders for permitting a Chemistry class of 43 students in violation of Union Work Rules.  100% passed the very difficult state Chemistry Regents exam. The students were exstatic  the community astounded but my position there was actually too dangerous to continue in the district. (One especially brilliant student who had fammily issues got perfect SAT scores, and aced every chem test.. He did all his work but was often unable to to attend class. (I defied the officials and gave him an "A" despite being told to fail him.) After constant harassment, after I was gone, the next year he threw a rope over the Goal Post and committed suicide. I HATE TEACHERS UNIONS!!

 

8. Reign in the corrupt, Marxist infested EPA. The EPA is viciously sabotaging virtually all practical forms of energy production and development. See my earlier piece: http://www.liberty2100.com/?p=524 Trying to run the worlds largest economy (while competing with a Chinese economy using cheap coal & nuclear energy) with Windmill and Solar panel power IS AN ACT OF INSANITY! Using fraudulent claims that vicious, man  eating polar bears are endangered by US CO2 emissions is  treason! See Evidence of the FRAUD! : APNewsBreak: Arctic scientist under investigation – Yahoo! News

9. MOST OF ALL : Tell the American people the truth about UNSUSTAINABLE“ENTITLEMENTS” AND THE CRITICAL NEED FOR IMMEDIATE REFORM. THE GOVERNMENT STOLE THE MONEY. IT IS GONE. REPAYING IT WILL REQUIRE CONFISCATING TRILLIONS FROM CORPORATIONS AND INVESTORS, WHICH WILL DESTROY THE ECONOMY BY DRIVING THEM OUT OF THE COUNTRY OR INTO BANKRUPTCY. BENEFITS MUST BE CUT, RETIREMENT AGE RAISED AND MEDICARE REFORMED. PROLONGING AGONIZING DEATHS OF THE TERMINALLY ILL IS SOMETHING WHICH, DONE TO A DOG WOULD BRING ANIMAL ABUSE CHARGES. THIS IS BANKRUPTING MEDICARE, AND THE ENTIRE HEALTHCARE SYSTEM. 90- 95% OF LIFETIME MEDICAL EXPENSES ARE INCURRED IN THE LAST SIX MONTHS OF LIFE. PUMPING DYING, MISERABLE PATIENTS, FULL OF DRUGS AND TUBES IS IMORAL, POINTLESS TORTURE.  (As for myself, I am signed up for cryonic suspension with Alcor, and regard the greedy medical system feeding off the dying process with loathing.)

 

GIVING INFORMED CONSENT TO PATIENTS AND THEIR FAMILES ON THE IMORALITY OF WORTHLESS DEATH PROLONGING CARE IS THE ONLY WAY TO SAVE MEDICARE AND THE US MEDICAL SYSTEM.

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