WHEN WILL WE ADMIT WE HAVE BEEN ROBBED?

The Problem

Imagine you walk out to get into your car, and it’s gone! What do you do?

  • Some people call the police. If they have purchased insurance, they also call their insurance company.
  • However, our finest, most upstanding citizens call their congressman. They beg him to tax the “other guy” and buy them a new car. After all, the government has lots of money, and everyone else does it.

Think the latter alternative is a joke? It’s not. We have too many real world examples. Here are a couple.

  • Don’t people buy flood insurance, now run by the Federal Government, so they can replace homes they know will be flooded. Why would they do such a thing? They want to live a nice spot they know is prone to flooding. For example, have you ever seen North Carolina’s Outer Banks? It’s a beautiful place, but only an idiot would sell flood insurance there. One big hurricane, and it’s all gone. So, after finally realizing the sheer stupidity, the Federal Government has turned much of the Outer Banks into national park. Anyway, here is a brief history of the program, Commercial Flood Insurance History. Keep in mind that lots of people still make money off of the program.
  • We had this “housing bubble,” the inevitable result when our government insisted that banks provide people with bad credit housing loans. What happened? When bad credit risks could not pay off their loans, our government start bailing out banks and people with bad credit. See here, here, and here.

The Big Frauds

Because we tax the “other guy” to bail us out, we are destroying our nation with debt. In 2011, 57 percent of Federal spending will involve health care (23%), pensions (21%), and welfare (13%) (from here).

Consider how programs like Social Security and Medicare work. We tax the young, the children and grandchildren of the old, to pay for the retirement and health care of our senior citizens. Supposedly, the elderly have earned this privilege. Didn’t they pay for the retirement and health care of their parents and grandparents?

BULL! If a private enterprise set up such a scheme, government would declare it illegal. Why? Social Security and Medicare are Ponzi schemes.

In a futile attempt to rebut the comparison, the Social Security Administration (SSA) even provides the following web page, Ponzi Schemes vs. Social Security (Note: Originally, I linked to the SSA website. For some reason the SSA broke the link. I guess the SSA discovered their argument just drew attention to the fact they operate a Ponzi scheme.) What the SSA argues is that their Ponzi scheme is a “pay-as-you-go” system.  However, a “pay-as-you-go” system is just a particular type of Ponzi scheme. Ordinarily, the participants in a Ponzi scheme expect to make some money, that is, a profit on their investment, but SSA claims that Social Security has a redeeming feature. When they become beneficiaries, the best their investors can expect is that they might get their money back — if they don’t die first.

Supposedly, Social Security even has a Trust Fund. Here is what the SSA says about that wonderful fund.

Far from being “worthless IOUs,” the investments held by the trust funds are backed by the full faith and credit of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government. (from here)

That’s right, that “trust fund” is a bunch of worthless IOUs. The people who lead us are very efficient. They do not wait to spend our money. They spend it faster than they can take it from us. Consider this year. At the end of FY 2011, we can expect the Federal debt to rise to $15.476 trillion (from here).  We will pay $207 billion in interest on that debt, and we will have increased it by $1,645.1 billion.

You have heard of inflation? That’s what we call increasing the money supply. Social Security and Medicare pays off its “pay-as-you-go” beneficiaries in US dollars. If (to pay off our nation’s rising debt), the Fed just starts printing money (QE1, QE2, and QE3 to come), our money will become worth less.

So What Is the Fix?

We must admit the truth. We trusted politicians we should not have trusted:

  • There is no Social Security Trust Fund. It’s gone.
  • We have no right to force our children and grandchildren to pay for our retirement and health care bills.
  • Government largess just empowers lying politicians.
  • Given the opportunity, ruthless politicians will use mountains of debt to enslave us.

The money is gone. Social Security, Medicare, and all the other government charity/welfare programs are frauds. They are just excuses that enable lying politicians to  rob one set of citizens at the behest of another.

We must rid ourselves of the liars. We must rehabilitate the thieves. We must admit we have no right to rob our own children.

Are you on Social Security and Medicare? Are you approaching retirement age? Then call your congressman. Tell him to stop using you as an excuse to rob your children and grandchildren. Do not punish your own children for the thievery of the past.

5 thoughts on “WHEN WILL WE ADMIT WE HAVE BEEN ROBBED?

  1. I am perfectly good, Tomm if you and your cohorts who want to terminate Social Security and Medicare wish to forego your benefits in your retirement. That looks to be about 30% of the population…cutting exoenses by 30%…that should pretty much do it to save both programs – thanks very much.

    Like

  2. loopyloo305, wdednh, bob – Thank you very much.

    Eric – I wonder if you fully realize the significance what you just said. You did not try to justify either Social Security or Medicare. You just ridiculed any attempt to end theft from one generation by another.

    Do you understand what honor involves among thieves? The most honored thief is the one who steals the most. What thieves regard as most dishonorable is any refusal to accept one’s “share” of the booty.

    Like

Comments are closed.

Blog at WordPress.com.

Up ↑

Through Ink & Image

...Pursuing a God Inspired Life

Oh Lord, It's Monday!

Understanding The Bible In A Way That Transforms You And Your World

D. Patrick Collins

liberating christian thought

AMERICAN INDEPENDENT TIMES

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

The Way Online

Christian Insight Through God's Word

Conservative Government

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

The Night Wind

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

Reclaim Our Republic

Knowledge Is Power

John Branyan

something funny is occurring

In Saner Thought

"It is the duty of every man, as far as his ability extends, to detect and expose delusion and error"..Thomas Paine

Christians in Motion

Christians in Motion

SGM

Faithful servants never retire. You can retire from your career, but you will never retire from serving God. – Rick Warren

Communio

"Behold, I have come to do your will, O God." Heb. 10:7

All Along the Watchtower

A new commandment I give unto you, That ye love one another; as I have loved you ... John 13:34

The Sheriff of Nottingham in Prince William County

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

The Bull Elephant

Conservative and libertarian news, analysis, and entertainment

Always On Watch: Semper Vigilans

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

The Family Foundation Blog - The Family Foundation

Welcome to Conservative commentary and Christian prayers from Gainesville, Virginia. That's OUTSIDE the Beltway.

Cry and Howl

Let not him that girdeth on his harness boast himself as he that putteth it off. I Kings 20:11

Dr. Luis C. Almeida

Professor Of Communication

praythroughhistory

Heal the past. Free the present. Bless the future.

Dr. Lloyd Stebbins

Deliberate Joy

Lillie-Put

The place where you can find out what Lillie thinks

He Hath Said

is the source of all wisdom, and the fountain of all comfort; let it dwell in you richly, as a well of living water, springing up unto everlasting life

partneringwitheagles

WHENEVER ANY FORM OF GOVERNMENT BECOMES DESTRUCTIVE OF THESE ENDS (LIFE,LIBERTY,AND THE PURSUIT OF HAPPINESS) IT IS THE RIGHT OF THE PEOPLE TO ALTER OR ABOLISH IT, AND TO INSTITUTE A NEW GOVERNMENT...

PUMABydesign001's Blog

“I hope we once again have reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts.” Ronald Reagan.

nebraskaenergyobserver

The view from the Anglosphere

Freedom Through Empowerment

Taking ownership of your life brings power to make needed changes. True freedom begins with reliance on God to guide this process and provide what you need.

bluebird of bitterness

The opinions expressed are those of the author. You go get your own opinions.

Pacific Paratrooper

This WordPress.com site is Pacific War era information

The Isaiah 53:5 Project

Life: the time God gives you to determine how you spend eternity

altruistico

People Healing People

THE RIVER WALK

Daily Thoughts and Meditations as we journey together with our Lord.

Silence of Mind

Where God Speaks and Creation Listens

My Daily Musing

With God we will gain the victory, and he will trample our enemies. Psalms 109:13

atimetoshare.me

My Walk, His Way - daily inspiration

Nickel Boy Graphics

Comic Strips (Some Funny, Some Serious)

Rudy u Martinka

What the world needs now in addition to love is wisdom

Truth in Palmyra

By Wally Fry

Kingdom Pastor

Living Freely In God's Kingdom

The Life Project

Finding Clear and Simple Faith

In My Father's House

"...that where I am you may be also." Jn.14:3

cookiecrumbstoliveby

Life through the eyes of "cookie"

The Lions Den

"Blending the colorful issues of life with the unapologetic truth of scripture." ColorStorm

%d bloggers like this: