TIME TO ACT

1. 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
   
   
2. Millions of hard working Americans have kept their end of the deal - Politicians chose to renege
   A) 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 program. For every dollar of social security tax over payments have been replaced with an IOU, and the social security tax overpayments have been transferred to the general revenue fund.
   
   B) 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.
   
   C) 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.
   


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


4. 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 FOR A SOCIAL SECURITY SOLUTION.