Activecitizen54's Blog

Media Madness Monday

Posted in 1 by activecitizen54 on December 21, 2009

Media Madness Monday

Reality Checks:

American Citizens are due better than what this government has done to us.  The Republicans with Dumb as a Box of Rocks Bush and his Butt-Buddy the Torturing Dick Cheney spent us into third-world status while providing tax breaks to their Wall Street, Banking and Corporate Masters.  $175,000.00 per person in the United States today was what our personal liability is on the National Debt in 2008.  This is prior to the Bail-Out, the escalation of the war in Afghanistan or any Health Care Reform.

WAKE UP AMERICA!

Where are the Journalists crying outrage over this reality?

The media is distracted by lies from Faux Nuz and too caught up in the Tiger stuck his d**k in 14 other women to focus on the reality of what is going on in the government.  Conscious distractions in Health Care Reform that’s a gift to Insurance Companies just like the Bail-out is to Wall Street and the Banks are the intent from the purchased politicians.  Fluff and gossip is the state of Journalism today. The American Citizens accept this status-quo.  Not this Citizen, not now or ever.

While the purchased politicians in Washington, DC have pissed away Social Security on pork and entitlements, war and pouring more wealth into the hands of the elite who fund their campaigns and buy their votes, they have also mortgaged this once great nation to the Chinese, British and anyone else who would buy pieces of the USA up for auction by the Republican’s Voodoo Economics and uncontrollable spending.

The Dissident Voice has an article on the Financial Health of the United States by Allen W Smith PhD that’s worth the read.

Our Government, the purchased politicians in Washington, DC have raped and pillaged the Social Security Trust Fund to feed their greed and are sold-out to the Wall Street, Banking and Corporate Communists.  They ignore the laws they’ve enacted and every President from Daddy Bush to Obama has committed the treasonous act of ignoring fiscal responsibility and the Holling’s Ammendment to leave Social Security intact. Daddy Bush signed it into law and promptly, in good Republican manner, ignored it.

Beginning with Reagan and continuing through Daddy George H W (read-my-lips-no-new-taxes) Bush the rape of the Social Security Trust Fund to fuel the Republican spending spree has been on.  Slick Willy, Bill Clinton, is the only President to post a balanced budget and a modest surplus and this was inflated by inclusion of the Social Security Trust Fund in government income.

This is the history according to Allen W Smith PhD in his book, The Big Lie How Our Government Hoodwinked The Public, Emptied the S.S. Trust Fund and caused The Great Economic Collapse.

At the risk of plagiarism here I’m excerpting 5 paragraphs that sum up the Social Security rape:

“Federal Reserve Chairman, Alan Greenspan, knew better than anyone just how solvent Social Security actually was, or at least should be.  The 1983 payroll tax increase, enacted upon the recommendation of the National Commission on Social Security, headed by Greenspan, had allegedly “fixed” the baby boomer problem with regard to Social Security.  That law required the baby boomers to pay enough taxes to fund the benefits of current retirees, plus enough additional taxes to prepay most of the cost of their own Social Security benefits.  The additional tax revenue was supposed to be saved and put into the Social Security Trust Fund to build up a large reserve earmarked specifically for the retirement of the baby boomers.  This reserve would be used to supplement the payroll tax revenue so that full benefits could be paid throughout the period of the boomers’ retirement years without placing a disproportionate burden on the younger generation.

The 1983 legislation marked a sharp break with the traditional pay-as-you-go approach to funding Social Security benefits.  After 1983, the Social Security system no longer operated on a strictly pay-as-you-go basis.  For the baby-boom generation, Social Security has operated on a combination “pay-as-you-go” and “prepay-your-own-benefits” principle.  By the time the baby boomers retire, they will have prepaid a major portion of the entire cost of their benefits, as well as having funded the retirement benefits of retirees during the years between 1983 and their own retirement.

What Greenspan and Bush were attempting to do was to distract public attention away from the real Social Security culprit—the fact that the government had “borrowed” every cent of the surplus Social Security money generated by the 1983 payroll tax increase and used it to finance tax cuts and other government spending programs.  If the government had saved and invested the surplus revenue, we would not be facing any short-term Social-Security funding problem today.  There would be enough money to pay full benefits until the year 2041.

Payroll tax revenue, which has been greatly exceeding benefit payments ever since the 1983 Social Security tax increase, will cross the line in 2017 and, thereafter, it will be inadequate to fund full benefit payments.  This was foreseen and provided for in the plan recommended by the Greenspan Commission report of 1982.  The government increased payroll taxes in 1983 by enough to generate surpluses for all years up to 2017.  If the Social Security surplus revenue had been saved and invested, as was the intent of the 1983 law, the trust fund would hold approximately $3.7 trillion in real assets by 2017 when the surpluses will come to an end.

Unfortunately, over the years, both Republicans and Democrats have spent the money, that was supposed to be going into the Social Security reserve, on other things.  Because of the looting of the surplus money, the government will be unable to pay full Social Security benefits after 2017 without a tax increase.       Most Americans seem to believe that their Social Security contributions go into a special trust fund where it accumulates, and then, when they retire, the money will be paid back to them out of the trust fund.  The notion that the government has spent all those Social Security contributions that weren’t needed to pay current benefits, to fund Bush’s income tax cuts and for other government programs, is unthinkable to most Americans. They cannot believe our government would take revenue that was collected specifically for Social Security and spend it on other programs…”

If you aren’t mad as hell now then you are either dead or a Republican too caught up in lies to care.  The purchased politicians on Capital Hill have sold us out, spent every penny of our tax dollars that were to be put away for the Baby Boomer’s, by the Baby Boomer’s for their retirement.  To add insult to injury they have pissed away our current tax dollars at over a billion dollars a day on interest on borrowed money that we haven’t touched repayment of the principal.  That’s the reality of what Washington, DC has done to the United States in their greed, corruption and open thievery from the United States Citizens.

Here’s the foundation of the fraud excerpted from Allen W Smith PhD:

“The Budget Enforcement Act of 1990 mandated the removal of the income and outgo of the Social Security trust funds from all calculations of the federal budget, and  Section 13301, the “Hollings amendment”, prohibited including Social Security in any budget calculations.  Senator Hollings, who had fought long and hard, to make it illegal for the government to include Social Security in budget calculations, thought he had won the battle, but he was wrong.  President H.W. Bush signed the legislation into law and then just ignored its provisions. His administration continued to misuse Social Security revenue just as they had done before.  But there was a difference.  After 1990, what had previously just been willful deception became a violation of federal law.”

Now that you know the problem(s) in detail there are “cures” available.  It is going to take courageous action on the part of the United States Government to make the fix but it is possible.

Restore the 50% tax rate on anyone earning over $250,000.00 per year on a personal basis.

Tax Corporations and small business with gross receipts in excess of $50 million to 50% of their net earnings.

Tax Bankers and Wall Street on a per transaction basis for these junk bonds and trash they have bundled for credit default swaps and other frauds.  Tax bonuses and “other compensation” in the amount of 50% to support medicare, medicaid and the improvements required in the VA Hospital system.

Restore Glass-Steagal and stop the Banking and Wall Street collusion and monopoly on the money resources of this once great nation.

Restore the Social Security Trust Fund immediately with TARP funds and establish the “Social Bank of the United States of America” to replace the FED and open credit to Small Business and working class americans who have contributed this money that the purchased politicians have pissed away.  Any and every American who has contributed to Social Security will have access to 50% of the funds at age 50.

End the Wars in Iraq, Afghanistan and on the US population in the failed Drug War and bring all our troops home.

Stop all Foreign Aid and focus on Aid to Main Street now.

Green energy, alternative energy and sustainable agriculture are the focus of new business development to export to restore our manufacturing base and put Americans back to work now.

A strong public option health insurance program is able to generate a profit to assist in paying down the national debt.

Americans are responsible people who want only the opportunity to improve our lives and the lives of those around us.  We are ready, willing and able to do what has to be done but we will not be slaves to the Wall Street, Banking and Corporate Communists who, in collusion with our purchased politicians, have sold us out.  We will not support a corrupt government, a fraudulent war(s) or the destruction of liberty that the blood of our sons and daughters have purchased.


MEDIA MATTERS

This is the kind of pure bullshit lies and conservative misinformation that we the people, the reality-based majority, must overcome if we are to prevail in saving this great nation.


I know I’ve posted this before but it deserves another go around.

And just to get the record Str8:

OK, now that I have that out of my system…

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