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02/11/12
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May 03, 2005 This crime now amounts to more than $3.2 trillion in what is a combination of your hard earned sweat equity plus interest that they’ve added at no cost to themselves. They simply dump more records of debt on top of what you’ve already handed them. All while the original dedicated money was spent on whatever frivolous venture they wanted to spend it on. And guess what. You are going to pay them again, a second time, with interest added. You are going to repay the same taxes that you already paid once before but they stole and spent elsewhere. Dedicated money that was spent somewhere other than for the reason it was collected. And their own laws say that this money cannot be spent on other things. The very definition of an entitlement is: you paid for it and you are “entitled” to the goods or services for which you paid. In fact, you’ve already repaid some of it and you don’t even know it. The scam is that slick. Whether you are an American worker paying payroll taxes, a gasoline buyer, an employer or self employed person, a passenger on commercial aircraft, a soldier or federal employee paying into a government retirement system, a commercial fisherman or large boat owner, or any of a number of other things – you are caught in the same double taxation scheme. And there’s no way out. Try telling the government that fourteen percent of your payroll taxes were a prepaid tax on your income sweat equity that you want back after April fifteenth. After all, it didn’t go to your supplemental retirement system or Medicare. Where did it go? It went into the General Fund where it was spent just like Income Tax. Let the IRS send you a summons to which you need not respond. Let them take you to court where you can remind the federal judge that his own pension plan is in the same boat. Present your case and start to expose the entire scam that's slowly unraveling anyway. Too bad most taxpayers cannot afford the legal hassle that might result. Few of us have the cash or the legal resources to do what Muhammad Ali did after he refused to step forward and “volunteer” for the draft. (Watch the movie “Ali”) Try not paying this extra tax at the gas pump. Try not paying it on your airline tickets. If an employer, try not paying all of your Unemployment Taxes. See how far it gets you. The federal government steals the extra money an entitlement doesn’t need at the moment, spends it, then tries to tell you that they merely “borrowed” or “invested” it, that the same money can be both spent and saved, and that it’s all recorded under “Intragovernmental Holdings.” A separate side of the national debt composed entirely of fictitious trust funds holding “special obligation” bonds and meant to deceive you into believing that they can somehow pay this back without using taxpayer money, an impossiblity. It’s all fraudulent. Every bit of Intragovernmental Holdings, almost 42 percent of the $7.7 trillion national debt we display to the world. Social Security is just the largest bogus part of it all. You might just as well have walked into the U.S. Treasury and handed them your cash while saying: Here, sell me some debt. And don’t forget to add annual interest so I’ll have even more to pay you back. It’s that ludicrous. This scam cannot go on forever. Eventually, people will catch on to what’s been happening to their money. When that happens, we are liable to have the sort of revolution that has happened in other countries where the people, as the story goes, stormed the Bastille. The perpetrators know this, fear it as much as they fear terrorists, know that they haven’t a legal leg to stand on, and only work harder to shield themselves in spin stories, distortions, camouflage, and most of all, the original fraud under which they conduct the scam. Worst of all, the day of reckoning is liable to come from outside America . It’s liable to come from other countries that have invested deeply in legitimate and honest loans to America and the value of the dollar when we were the world’s leading economic force and source. When these countries realize that they have hundreds of billions, even trillions, of their own sweat equity invested in a country that cheats its own citizens and that those citizens, who are the only ones ultimately responsible for redeeming the national debt, cannot possibly pay them back, then we’ve got a serious problem. And it’s a problem that could lead to wars, deaths, and total bankruptcy. All because the people in power within the District of Corruption decided long ago to take a path to double bookkeeping and fraud that makes Enron, Tyco, Arthur Andersen, and other private sector crooks, even Charles Ponzi, look like amateurs. How did we get into this mess? Long ago, the politicians and bureaucrats of the District of Corruption stopped kissing babies and started stealing their candy. And we let them do it. We got in this mess by ignoring or not paying attention to what our government was doing. We got in it by believing the false and fraudulent stories our lawmakers were telling us, everything from baby-boomers to trust funds and weapons of mass destruction and distraction. We got in it by believing in the institutionalized other, the belief that there were competent people in back rooms or white lab coats taking care of things. We got in it by believing it was not up to us. We got in it by denying our individual responsibilities. The symptoms of the disease were all over the place. We should have recognized that there was something wrong when the government spent years debating “lock-boxes” while all the time real trust funds were already lock boxes. In itself, that should have told us something about the authenticity of what they called the Social Security trust funds and others. We should have questioned Bill Clinton’s story about 76 million baby-boomers looming on the horizon when these were never claimed to be births above normal. We should have known that this was little more than another booga-booga scare story. We even got another small clue when several years later Alan Greenspan changed this number to “77” million baby-boomers and all the think-tanks, columnists, and talking heads started talking about another million fifty-somethings that somehow grew-up in a vacuum. There is no stadium in the nation that could hold these million people that suddenly appeared out of nowhere. But then, the Federal Reserve has the reputation of being able to create things like money out of nothing doesn't it? Many call it "fiat" money. So maybe creating another million people is not beyond them. We should have known there was something seriously wrong when the extra money we gave the government was magically transformed into more than 40 percent of the national debt. We should have seen that there was something wrong when the government continuously told us that an entitlement like our supplemental retirement system, Social Security, was currently generating more money than it needed, tons of money in fact that no one mentions or questions, but was by itself 22 percent of the "unfunded liabilities" in the national debt. A positive had become a negative. How does generating a profit of $71 billion last year translate into a problem – a problem that must be solved immediately by raising taxes, cutting benefits, increasing the age of retirement, or any other scheme that increases the booty for the Beltway Bandits? How does this so-called problem 75 years in the future stack up against the history of an insurance program that has been in existence and worked very well for less than that, for only 70 years? A program that has always been able to adjust its taxing policies slightly and just in front of any shortage problem, and has already done so 49 times? Are we going to accept the crazy idea that the Beltway Bandits are going to build a reserve? That they're going to start putting surpluses in a real trust fund? Are we that stupid? And that’s just one example amongst many other entitlements in the same boat recorded under “Intragovernmental Holdings” which in turn is composed entirely of the same pieces of paper that are stored in Parkersburg, West Virginia – paper that even our President waves in the air and calls “worthless” in order to push his own agenda for reform. We can already see and make them explain how several of these other trust funds are today being drawn down and where the money came from. Take the Unemployment trust for instance. It's gone from $92 billion in "holdings" to its present $39 billion. Where did $53 billion come from when so many people were drawing unemployment and the government had already spent the surplus they once held for an instant? We have a president who has lied to us so much that today we cannot recognize when he's telling us the truth. We can’t just write off all of these discrepancies under the umbrella that everyone has the right to be suckered once. Not without taking some sort of corrective action. The only
question is whether “we the people” are going to finally take
corrective action or whether we’re going to continue to sit back
and let some outsiders do it for us, very possibly by destroying us in
the process.
Visit Ed Henry's own web site! Send a message to your elected representatives. Click here to start. Be sure to send a copy to Ed Henry.
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Boomer Myth - The Great Fear Story For Social Security First Things First - STOP Social Security's Bleeding Secrets Neither Political Cult Will Tell You Bush Put The Fox Back In The Chicken Coop Unfunded Liabilities - What They Are Job Market Reflected In Payroll Taxes $3.2 Billion A Day - $2.25 Million A Minute Go George Go - Keep Talking About Social Security Pipedreams Of Social Security Reform Open Letter To President Bush & Congress Parkersburg Papers At The Bureau Of Public Debt The Job Market Reflected In March Payroll Taxes Changing Direction On Social Security Reform Cacophony - Don't Feed The Animals Complete Archives for Ed Henry | ||||||||||||||
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