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Forum Post: Trust Fund Perfidy

Posted 3 months ago on June 16, 2017, 9:34 a.m. EST by agkaiser (1785) from Fredericksburg, TX
This content is user submitted and not an official statement

FICA tax withholding from our paychecks is the source of the social security trust fund.

The mostly conservative politicians borrowed and spent the the trust fund on regular government expenses at the same time they gave tax cuts to their wealthy patrons.

Now they tell us that social security is broke, because they don't want to tax the rich to get back the money they stole from us. (A loan that one has no intention of repaying is a theft.) They say social security and Medicare are a great part of government expenditure. The reality is they owe that money to us because they already taxed us to get it and spent it on the military industrial complex and other corporate welfare programs and/or tax cuts that also make their handlers richer.

Who are they? Paul Ryan is one. http://www.cbpp.org/research/the-ryan-budgets-radical-priorities If you've been paying attention, you know others. If you haven't, you'd better start educating yourself on the 2017 economic realities in America.

The attack on social security is only a hint about what's going on in neoliberal times. Eventually people will see that most politicians and especially conservatives serve only the rich masters. Perhaps more frequent mass shootings are a sign of that change, like more frequent storms indicate climatic upheaval.

What follows is most of the last paragraph of seven by Gaius Publius: "The Collapsing Social Contract"

"... The country is already in a pre-revolutionary state; that's one huge reason people chose Trump over Clinton, and would have chosen Sanders over Trump. The Big Squeeze has to stop, or this will be just the beginning of a long and painful path. We're on a track that nations we have watched - tightly "ordered" states, highly chaotic ones - have trod already. While we look at them in pity, their example stares back at us."

Take 30 seconds and read the whole thing:

http://www.nakedcapitalism.com/2017/06/gaius-publius-collapsing-social-contract.html

17 Comments

17 Comments


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[-] 2 points by agkaiser (1785) from Fredericksburg, TX 3 months ago

There's no honesty or sincerity in them!

[-] 2 points by ImNotMe (1488) 3 months ago

''We Are Not Broke: Trashing the Austerity Lies'', by William Rivers Pitt:

as ... ''Five Men Own Almost As Much As Half the World's Population''

Thanx for excellent forum-post. It needs to be read and disseminated widely.

radix omnia malorum est cupiditas ...

[-] 1 points by factsrfun (8803) from Phoenix, AZ 2 months ago

I'm not sure why you call this "neoliberal" instead of "conservative principles" is it more important to appear educated or to communicate? I honestly think that part of the problem is people using words like "neoliberal" when it's the Goddamn conservatives that are screwing the world.

[-] 1 points by ImNotMe (1488) 2 months ago

Unless the ''Neoliberalism'' ideology is fully understood, the Politics and Economics that we all suffer under now - will seem unfathomable! Further to agk's reply, I strongly urge all readers to engage with ...

I know that U fiercely identify with the word ''liberal'' but as you've said yourself before - That's Not Enuf!

per aspera ad astra ...

[-] 1 points by agkaiser (1785) from Fredericksburg, TX 2 months ago

The liberal in neoliberal is like the original, 241 years ago. It's about Adam Smith's "liberal economy." But today's conservative liberals [neoliberals] whether Repugnocrats, Libertarians or whatever, keep only the freedom of the invisible hand of Smith's naive hypothesis and dismiss all the warnings about runaway power in the private sector.

The Democrats since Carter have been free market true believers almost as much as the conservatives. They really are "neoliberals" just like the Wall St masters and the owners of all. The latter include those who hold the mortgages on most of what they don't own outright.

And yes, it is the conservatives who are screwing the world. The liberals are now almost as conservative as the Repugnacants. The free market is become a tool of the Tory traitors, who've owned most everything since before Adam Smith ["...Wealth of Nations" - 1776] and the American Revolution. The freedom to enslave, by debt or any other means, is abomination - no matter what it's called.

[-] 1 points by ImNotMe (1488) 2 months ago

''America has enjoyed over a half-century of productivity, during which we and our parents and grandparents all played a role, through our work efforts and our tax dollars. But the benefits have largely accrued to the relatively few people who know how to get rich by coordinating all the technological components, or by managing the money that derives from American innovation.

''Meanwhile, our jobs have been disappearing. It might be argued that we've been here before, that similar concerns about the takeover of technology surfaced during the Industrial Revolution and the space race. But there are two clear differences now. First, in the past, technology created manufacturing jobs, white-collar jobs, higher-paying jobs. Now the growth areas are in food service, retail and personal care, while the only one of the 10 fastest-growing occupations that pays over $33,000 per year is nursing. Secondly, globalization has outsourced middle-income jobs, such as those in manufacturing, which is still shedding workers after the post-2008 recession. Because of globalization, jobs are being outsourced not only from rich to poor countries, but also from one developing nation to another, as, for example, from China to Vietnam.

''We need the assurance that every American family receives a sufficient living income as compensation for the great productivity and unprecedented levels of wealth derived from decades of new technologies funded by our tax dollars. Ideally this would be done through new job creation. But short of that eventuality in our slowly adapting and politically inert society, a guaranteed income will become a necessity.'' - from ...

ad iudicium ...

[-] 1 points by beautifulworld (22757) 2 months ago

Truth is these right wingers who want to rip away at the welfare state are the first ones to get in line to receive benefits when they, like any other human being, may come across unfortunate circumstances and need them.

Ayn Rand and Friederich Hayek, the queen and king of libertarianism and the "free market" and "rugged individualism" are at the top of the list.

"An interview with Evva Pryror, a social worker and consultant to Miss Rand’s law firm of Ernst, Cane, Gitlin and Winick verified that on Miss Rand’s behalf she secured Rand’s Social Security and Medicare payments which Ayn received under the name of Ann O’Connor (husband Frank O’Connor)."

http://www.huffingtonpost.com/michael-ford/ayn-rand-and-the-vip-dipe_b_792184.html

http://www.nakedcapitalism.com/wp-content/uploads/2011/09/Screen-shot-2011-09-30-at-4.02.42-AM.png

[-] 3 points by agkaiser (1785) from Fredericksburg, TX 2 months ago

one of the worst conservative lies is that social security is welfare. it's insurance we pay for through a payroll tax on workers. the trust fund that money goes into is solvent.

the reason the gov't must pay ss out of the general fund is that they borrowed and spent the trust fund on fraternity brothers' and in-laws' G-Contractor businesses, mostly in the military industrial complex. Now they want to dissolve ss so they don't have to pay back our money.

the cons want debt forgiveness ... for their frauds.

[-] 1 points by beautifulworld (22757) 2 months ago

We must hold onto the hope that most humans want to do better and that the oligarchs will be overthrown by the sheer numbers of good people.

Jeremy Corbyn and Bernie Sanders think this is so.

https://theintercept.com/2017/07/13/video-naomi-klein-and-jeremy-corbyn-discuss-how-to-get-the-world-we-want/

Corbyn says "Don't be discouraged. At the end of the day human beings want to do things together. They want to do things collectively. And that's the kind of society we're trying to create."

More people than ever are aware of what the problems are. The next step is to convince them that there are solutions to those problems that can actually be implemented.

[-] 1 points by grapes (4961) 2 months ago

Christina walks about.

Into my heart on air that kills From yon far country blows: What are those blue remembered hills, What spires, what farms are those? That is the land of lost content, I see it shining plain, The happy highways where I went And cannot come again.

-- "Into my heart on air that kills" from "The Shropshire Lad" by A. E. Houseman.

[-] 1 points by ImNotMe (1488) 2 months ago

"PISS OFF Plebs" says Chris Christie:

"This is my beach - in my New Jersey!

"So shut up and just keep voting

''Like Turkeys For Thanksgiving!"


Yep, the human hating psychopath that was Ayn Rand .. who has had an unspeakably terrible effect on the US Body Politic .. including on people like NJ's Cris Christie - would've died in the street without SS and Medicare. That particular irony was lost on her ardent acolyte - Alan Greenspan! On a happier note:

dum spiro spero ...

[-] 1 points by beautifulworld (22757) 2 months ago

The NJ beaches were bad enough to take away from kids and families on 4th of July weekend who count on them for their holiday. Worse is when things like Grenfell Tower happen where hundreds die because of austerity cuts. Or, when millions lose health insurance coverage because the USA doesn't have the courage to take the profit out of healthcare. And hundreds of thousands will die if Trumpcare ever takes affect.

The truth is there is plenty of money to go around, the oligarchs just don't want to share it out. It's up to the people to demand it.

[-] 1 points by ImNotMe (1488) 2 months ago

''The truth is there is plenty of money to go around, the oligarchs just don't want to share it out. It's up to the people to demand it." & ''demand it'' on The Streets because representative democracy has clearly broken down in The U$A!!! Ergo, re. Resisting Neoliberalism, please consider the following:

Finally, re. your substantive reply here: http://occupywallst.org/forum/a-st-paddys-post-hunger-the-real-irish-american-st/#comment-1073342 - where I can't reply .. I append this important yet infuriating read:

multum in parvo...

[-] 2 points by beautifulworld (22757) 2 months ago

Regular libertarian type folk who just want their "freedom" don't realize how the oligarchic libertarians are so totally about taking that very freedom away from them.

Interesting article by Mark Karlin showing how purposefully the wealthy go about actually removing freedom and democracy from the people. Here's an excerpt:

"And from that kind of thought, Buchanan offered strategic advice to corporations on how to fight the kind of reforms and taxation that came with more inclusive democracy. In the 1990s, for example, as Koch was getting more involved at George Mason, Buchanan convened corporate and rightwing leaders to teach them how to use what he called the "spectrum of secession" to undercut hard-won reforms through measures that have now become core to Republican practice: decentralization, devolution, federalism, privatization, and deregulation. We tend to see the race to the bottom as fallout from globalization, but Buchanan's guidance and the Koch team's application of it through the American Legislative Exchange Council and the State Policy Network reveals how it is in fact a highly conscious strategy to free capital of restraint by the people through their governments."

[-] 2 points by ImNotMe (1488) 2 months ago

"Debunking Libertarian Myths" .. was a series of three OWS forum-posts done by sff80 from Norway, which really do warrant being remembered here at this or any time, as does he:

Thanx for excerpting that fine article by Mark Karlin. Such pieces do deserve wide readership in a time when The 99% in U$A need to discover the roots of their Oligarchic Corporate Tyranny. Ergo 3rd Link^.

fiat lux ...

[-] 1 points by beautifulworld (22757) 1 month ago

Excellent post. Struggleforfreedom was a great occupier. Most "libertarians" have no idea what it's really about. If you're not wealthy, heed this warning, libertarianism is not for you. It's main goal is to oppress others economically, including you.

[-] 1 points by ImNotMe (1488) 1 month ago

In U$A, "Libertarianism" is an ideology of Extreme Selfishness - raised to faux-virtue by psychopaths!

e tenebris, lux?