August 23, 2005
We are rapidly approaching the day when mothers in India will be telling their children to eat all the food on their plates because there are starving children in America.
What took decades to cause the fall of Empires in the past is today happening at an exponential rate. Absolute failure can occur almost overnight. And the American Empire may go down in history as the realm that lied itself to death.
And what are the subjects in this system of representative government doing as this happens? Why didnt they put better people in office before it got to the point where selecting representatives by lotto would be an improvement?
They were doing what other slaves have done for ages. Paying their taxes with a little cheating here and there and hoping the government keeps off their backs, leaves them alone, and they dont call attention to themselves. This nation of Sunday Christians was telling their children to be all around nice guys, not rock the boat or create a disturbance unless it's on the football field, and sending them off to become lawyers, professional athletes, entertainment personalities, or the glamorized jobs while the huge third world countries were training technicians, scientists, and factory workers.
Now we have more lawyers than the rest of the world combined and countries like China, India, and Japan have taken over manufacturing to the point that American companies can relocate, in part or in total, in order to get cheaper and more qualified labor. Weve gone from outsourcing to simply getting out, and even if America were suddenly and dramatically to change its educational system, objectives, and incentives it would take us at least a generation to catch up.
Faced with a similar situation, the reform government of New Zealand abolished five thousand boards of education in one day. Then they told each school to set up a board of trustees composed only of parents of children in their school, gave them the money, and let them decide how it would be spent. Do you think we could ever do that? Unions wouldn't permit it.
As we degenerate into a nation of salesmen in politics, media, retail business, even lawsuites and mortgages, the nations debt continues to rise by six to eight hundred billion a year and the public continues in its oblivion, believing that the national debt is the governments problem, not theirs. And the government's salesmen encourage this erroneous idea by naming forty-two percent of the debt Intragovernmental Holdings implying the false idea that the government owes itself or different departments owe the Treasury even though there is no record of which departments owe how much.
If our former enemies and strategic competitors, now holding hundreds of billions in legitimately contracted treasuries, ever decide that they are sick of our aggressive foreign policies, military expansion, and Mafia style protection of our national interest, they could bankrupt us overnight. Since legitimate treasuries are payable on demand, these countries could ask for their money back at any time.
In that event, coming up with the cash would fall directly on the American people, and be a rude awakening to most of Middle Class America that is already carrying an average of ten to twelve thousand on their own personal credit cards. The super rich, who probably do pay the most in income taxes, would leave the country in droves. Most of them already have plans to retire elsewhere. And their sort of investment play can be carried on anywhere.
The only other thing we have to keep lenders from doing this and continue to loan us even more money is the fact that the U.S. pays the highest interest on investment loans and, of course, the threat of armed or even nuclear retaliation.
Most heinous of all is the fact that the federal government has been admittedly stealing and spending the American workers excess retirement payments since at least 1983. This year alone will provide the Beltway Bandits with the malappropriation of another $70 billion in surplus Social Security pension insurance payments, a crime for which any private sector company would be severely punished for awhile.
Tack that onto another part of the national debt for which America's taxpayers are responsible. A debt that today, with interest added, amounts to $1.8 trillion for American taxpayers to cover just as they would if there were no trust fund at all.
If the federal government had the slightest bit of honesty and financial integrity it could eliminate the entire fraudulent $3.3 trillion portion of the national debt by pushing a delete key on the Treasurys computers and burning the Parkersburg Papers that Congress insisted back-up those new fangled computer contraptions only for the bogus Social Security trust fund. Eliminating this double taxation scam would at least make the government look financially responsible.
Instead, they will hide behind the story that it might upset the honest investor side of the national debt and cause nations like China to cash in their treasuries. And theyll use this excuse even though they instituted the unfair 15.3 percent payroll tax hike over a seven year period so workers wouldnt notice.
Besides that, they will never give up the extra double taxation revenue they are already raking in from other entitlements like Unemployment where that particular trust fund has gone from $92 billion in holdings to its current $53 billion level or the Federal Employees Retirement System where taxpayers cover about $2 billion a month in benefits for retired federal employees who enjoy as much as 8-to-1 in matching funds.
And then weve got the State Departments Unlimited Gift Fund once holding $88.6 billion in bogus bonds that mysteriously disappeared during the year Colin Powell was building the Coalition of the Willing. Taxpayers, who had their heads in the sand dont realize that they paid for that one in a future tax because the money was borrowed.
If George W. Bush really meant it when he said he would not touch the American workers retirement money, he could have put a freeze on the entire Social Security payroll tax surplus rolling into government coffers, $5.2 billion last month and $12.6 billion the month before that, June of 2005. He could have done this by executive order at any time just as he appointed John Bolton to the UN. The fact that he didnt is the first clue as to how insincere his reform proposals are.
All Social Security reform proposals put forth so far are nothing more than various schemes to increase payroll taxes and thus the booty that the government robs to spend elsewhere. Theres not one proposal that does a thing for the American worker except exploit him with more con games. You can take any proposed legislation that mentions the Social Security trust fund as though it holds real assets and dump it.
And none of them do a thing for the other entitlements that are robbed with equal impunity. These other entitlements include Military Retirement, Veteran's Life Insurance, Airport taxes, gas taxes that are supposed to go towards highways, Medicare, Harbor Maintenance and Inland Waterways, as well as the aforementioned Federal Employees account that's been in the red every month since the Eighties.
If you want an example of what could happen if Social Security must ever turn to its bogus trust fund, just take a look at FERS. It's only a matter of dumping more bogus bonds in the account for taxpayers to cover.
And then you should look at how many real taxpayers there are in this country, people who have their income and payroll taxes automatically sent to Washington. Once you find that it's considerably less than half of our population, figure out how much you are responsible for paying as your share of an eight trillion dollar debt. Are you ready to pay up?
Is it any wonder why Alan Greenspan complains about Americans not saving enough or George W. Bush is willing to grant amnesty to illegal immigrants just to enlist them in the ranks of taxpayers?