Page 11 - Social Security - Day 1 - To Today

SOCIAL SECURITY – NEVER MEANT TO WORK LIKE THIS

By law excess Social Security retirement dollar contributions are transferred to the general revenue fund.
Once they’re treated like any other tax dollar – THEY’RE SPENT

George W Bush ll 1.3 TRILLION Social Security retirement dollars for wars on foreign soil, and nation building

President Bill Clinton $700 BILLION Social Security retirement dollars to balance the federal budget

Social Security retirement dollars were being used to pay for general revenue fund debt

obligations normally paid for with income, and corporate tax receipts from the more fortunate.
In effect millions of working Americans Social Security retirement dollars were subsidizing the

income, and corporate tax rates of the more fortunate keeping their rates artificially low.

Then to cover their tracks, Politicians created a government debt instrument known as a Special

Obligation Bond. SOBs are used to replace spent retirement dollars. SOBs put those on the hook to
pay again that which they’re already paid once; SOBs now total over $2.85 trillion dollars. Then

magically the $2.85 trillion dollars of SOB debt disappears when the $2.85 trillion dollars of SOB
debt are listed as an asset on the Social Security trust fund balance sheet.
=

RETIREMENT DOLLARS IN SOB DEBT OUT

CAN YOU SAY “NEW RECIPE”

©americaretoday - ACT