Lies/Deception-Entitlement Reform

The case that public socialism is the cause of the current debt crisis is a red herring.

"Democrats personify a Judas that has enabled the Corporate-Government Partnership exploiting the
working class to breed and thrive in conjunction with the tax avoidance syndicate. America’s moment
of peak olitical corruption arrived with the Clinton Presidency, where Clinton Democrats laid the foundation
to strip the working class of their jobs, assets, standard of living and liberties in partnership with Republicans."

The Nation's Multi-millionaire Budget Negotiators
are Attempting to Embezzle the $2.7 trillion IOUs
owed the Social Security Trust Fund

"The government has borrowed money from my Social Security Trust Fund account since 1935, so when will you repay it Representative Ryan?"

Why is Social Security Always The First Hostage Taken In Every Budget Negotiation?

Trust Funds are under constant ideological right wing attack in an attempt to maim these programs so as to reduce benefit payouts, renege on the IOUs owed, or create profits for Wall Street by privatizing the Trust Fund.

Every Presidential administration has a fiduciary responsibility to convert Trust Fund IOUs into cash if needed in order to pay Trust Fund obligations. So why is President Obama willing to hold the Trust Funds hostage to a negotiation designed to cut Trust Fund benefits when the Trust Fund has a $2.7 trillion asset reserve?

President Obama’s attempt to cut future Trust Fund benefits while holding hostage the Trust Fund’s $2.7 trillion assets to budget negotiations is a betrayal and an unjustified working class wealth giveaway to Republicans sponsoring a faux budget crisis.

Since politicians are willing to pay interest to dictators, despots, and communists, why do they treat the working class Trust Funds as a second class creditor?

If the Federal Reserve can loan money around the world that is collateralized by toxic assets, then it can redeem the IOUs owed the Trust Funds if necessary to offset the cyclical nature of employment that might impact Trust Fund assets as an alternative to cutting Trust Fund benefits.

Solonsays Archive

Solonsays

Review of the Facts

When the Federal budget is stripped of Social Security, Medicare/Medicaid revenues and outlays, the General Fund reveals large masked deficits that show previous tax cuts have not been justified and entitlements are not the cause of the budget crisis.

This exercise exposes the lies and deception that are being layered on the public by Republicans, President Obama and Democrats about the true state of the nation’s finances in order to sponsor frivolous tax cuts for the wealthy elite and corporations while using fraudulent statistics to embezzle the IOUs owed the nation's Trust Funds by the General Fund.

Federal Budget Without Social Security and Medicare/Medicaid Revenues and Outlays

Once the revenues and outlays of these programs are factored out of the Federal budget, an additional (-$1.745 trillion) of hidden deficits appear in the General Fund reflecting the amount of surplus cash flow the Trust Funds subsidize the General Budget. So why are politicians attempting to embezzle from the Trust Funds rather than dealing with the out of control deficit growing in the General Fund?

Reality Check

The current negotiations to embezzle more funds from the nation's Trust Funds by the GOP, President Obama and Democrats has the potential to reward the tax avoidance lobby at the expense of the working class for decades to come. With 40% of the nation’s non-entitlement spending being funded by surplus entitlement and pension funds, you have the setup to condemn millions of American’s that live on the margin to a life and/or retirement life of poverty simply because we allowed greed and class warfare to permeate our political system and spread into our economic system. The guilty stand in a line as far as the eye can see.

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