SOCIAL SECURITY’S ROLE IN THE 25 PLUS YEAR ASSAULT ON MIDDLE CLASS AMERICA

In 1983 politicians passed legislation obligating millions of current and future hard working Americans to overpay their social security taxes for the purpose of building up the social security trust fund cash balance to offset future funding needs created by the now retiring 78 million baby boomers

Millions of hard working Americans have kept their end of the deal - Politicians chose to renege

    From day one, politicians began using a little known financial instrument, unique to the social security trust fund, called a special obligation bond program, in essence an IOU. Every dollar of social security tax overpayments have been replaced with an IOU, and the social security tax overpayments have been transferred to the general revenue fund

         Once comingled with other tax receipts in the general revenue fund, social security tax dollars lose their unique identity, allowing politicians to spend hard working American’s retirement dollars on something other than intended, without proper public scrutiny. In effect the left hand of government has been borrowing from the right hand of government

    This special obligation bond (SOB/IOU) program has not only destroyed 2.5 trillion dollars worth of potential social security trust fund assets, but has created 2.5 trillion dollars of new social security IOU debt; a net 5 trillion dollar assault on middle class working Americans

To put it bluntly, for the past 25 plus years, politicians have been treating middle class working American s like rented mules, clearly using deceit and deception to destroy their ability to save and invest for their own retirement; even rented mules deserve better!

It’s time to address this issue in a fair and equitable manner, and that’s what the ACT solution does


HELP US PUT AN END TO THIS SOCIAL SECURITY TAXING SCHEME BY CLICKIING HERE