A $97-Trillion Exchange of ideas

 

by Brock d'Avignon

Ms. Koch,

If you want a seeming exclusive no other reporters seem smart or wise enough to see as all politicians say they do not want to touch Social Security, they've actually been raiding its SSA "Trust Fund" for most of 83 years replacing it with IOUs (fancier term in the Congressional Budget Office that ignores the time value of money at $97-Trillion)  that are spent in either the General Fund or for specific agencies. Try this: None of the agencies nor Congress has ever repaid the "Trust Fund". Outfits like the PeterG. Petersen Foundation whine about the operational budget debt annually going over $30T to $34T but seem to miss the IOUs in the SSA Trust Fund, and the similar time value of money lost to spending sprees since LBJ since 1965 raiding the Medicare Trust Fund to about $80T. The principal amounts having never been repaid have either interest due or the equivalent of interest due. The Ponzi scheme set up by FDR and LBJ are neither insurance nor a contribution as in the phrase Federal Insurance Contribution Act FICA. I've told the Petersen Foundation to get real but their Executive director JRosen@pgpf.org keeps ignoring this, even as they do a nice job of the debt clock. If you'd like information on the 27 federal Government Special Entities (tax-payer supported banks) that now own 92% of the mortgages in America since 2008, let me know.

You might contact Jim Mietus, Executive Branch Office of Management and Budget retired (Reagan to Obama) 703-759-3007, Tell him I sent you for advice. One suggestion is freeze, lower, or eliminate various federal departments or agencies' budgets, with the requirement that 10% per year of it will be returned to the SSA fund. No more talk of cutting down the seniors, but the bureaucracy that had a wild time with retirement funds and medical funds. Indict every Congress person who ever voted for spending SSA or Medicare Trust Funds on anything else as racketeers. (Probably 2/3rds of them of all parties). Try Institute of Justice or pacific Legal Foundation for that should make more headlines than the nonsense. Or you might discuss the cracking of the supergene on ageing or something intelligent. Jeff Bezos dropped $3B on cracking 1600 genomic diseases including ageing, so that might factor into future calculations to not rip off the elders until they get their booster spice and rejoin the workforce. All arguments are irrelevant to money retained and or invested for the purpose intended, the rest is a smokescreen. 

If you want a contrast to this fraud, see the French who do not let their politicians touch one centime of their mandated (forced) retirement or medical savings or accounts. France invests it all in the French stock and bond markets. As a result, the French senior and disabled are the most solvent in the world while Americans are the most broke. The French have about 11 different kinds of pensions based on the occupation from chef to railroad engine driver. Check it out, its on Wikipedia. Americans would say to you," Don't be stupid." the French would say, "Be wiser."

$97-Trillion