20050114

"IOU $500,000. Love, Dad."

there have been many good articles lately exposing the "social security" system and its growing instability. even so, it's easy to get mired in the many details surrounding one of the most destructive, insidious scams to ever have been foisted on a gullible public. here, in all my yap yap, is the one characteristic of the theft that everyone should know cold, without equivocation.

there is no trust fund.

there's no trust fund, anymore than you can write yourself a check for money that you will never have. the social security system is founded in, and defended by, corrupt language (i.e., lies). incoming social security funds are spent immediately -- current recipients off the top, and then the rest on other government programs. sitting in this bogus but secure sounding bucket known as a "trust fund" are piles of useless paper from an organization so far in debt that there literally is no hope that the trend will be reversed. it is this bankrupt entity against which the piles of paper in the trust fund will be held like a beggar holds the air in his palm.

splitting a bankrupt organization into two, then passing scrip between the resultant halves is not a trust fund. sorry to all the hoodwinked baloney eaters out there, but it ain't. never will be. anybody saying "trust fund" seriously with regard to social security should be laughed out of the room with gusto. it's a lie.

here's a recent article where molly ivins (poor molly -- she writes on this subject often, yet understands it not) writes:
...Let's try this again, slowly, for those who, like the president, seem to be having difficulty with reality. Social Security will not be bankrupt, will not be flat bust in 2042 or 2052 or even, as the president has also claimed, by 2018. According to the deliberately alarmist projections of the fund's trustees, it will have exhausted the trust fund in 2042. According to the nonpartisan Congressional Budget Office, Social Security will be able to rely on the trust fund until 2052 and after that will still be able to pay 81 percent of scheduled benefits.

And that's if no changes are made to the current system.

I am sorry to disillusion any young people, who according to polls do not think Social Security will be there for them, but for once the pessimists are wrong: It will be. ...
"Social Security will be able to rely on the trust fund until 2052 and after that will still be able to pay 81 percent of scheduled benefits." oh yeah? with what, you bloody dumbass? scrip? let's say it together: "there. is. no. trust. fund."

it's the same as if your dad swore to you that if for 20 years you paid him a monthly fee of $300, he'd leave you $500,000 when he died -- for your retirement. so you finished your payments a few years back, and you drop by the old homestead for a visit. your dad is now a hopeless drunk. the bank foreclosed on the family home. everything is gone, including the money you sent your dad all those years. he's living in the gutter, begging money from strangers for his next bottle of sauce, and you're stressed out from what seems to be a significant broken promise amid the other destruction that your father's caused.

"dad, what the hell's going on? i thought we had an agreement. look what you've done to yourself. what about your debt to me? it's all gone? i don't fucking believe this!"

dad looks up from the pavement and smiles. "szhunn... therezh [hiccup] nuttin' to worry about."

he reaches into an inside coat pocket and pulls out a ziplock bag with an envelope. "i puts your bequesht in thiszh trussh fund. keeps with me all times... yezzhidu.

"izz gooda sheeya, boy." he's starting to look a little worried around the eyes, but the smile stays.

you take the envelope out of the bag, open it, and pull out the 3x5 card inside. written in shaky handwriting:
IOU $500,000. Love, Dad.
there, in a tale removed from the absurd trust in a megalithic government entity, is the same warm, cozy place which molly ivins and other nutjob supporters of a foolish system paint with brassy deceit. you have to wonder about people like that who shill for a shit system to the point where they can't do anything but fool themselves continually. molly ivins and her pals want you to believe that the USG is going to pay back all of those IOUs it issued in exchange for cash, now spent. with what, molly? there's no gold or other objective wealth stored up in social security vaults, to be retrieved when it's time to empty the "trust fund" (just before we move to the endgame of the ponzi plan). there aren't even federal reserve notes. it's vapor paper! the trust fund is emptied now, immediately as the money comes in, and ignorant pundits tell us to gain solace in the knowledge that the squandered wealth was at least tracked on paper somewhere as it went out the door. it's gone, you delusional bastards.

i ask again: with what will the trust fund be repopulated when it's time? the USG is not multiple entities. it's not going to sue itself for fraud. it will default on the loan the only way it can, by ceasing payments to the people who already, by supreme court decree, have no right of contract to the money that was taken from them: "we the people of the united states of america." you'll get jackshit, and you'll like it. take it like a slave. it will not be called default, so don't feel so bad. it'll be called something else.

what's often overlooked is that when that day comes, not only will payments to recipients die away. as the money currently routed to other things gets routed entirely to recipients (rather than split in two as usual), that rerouting will also leave a black hole in government programs across the board. it's likely that even the stupidly docile american public, trained by years of outright theft, won't be so happy to see that it's paying through the nose for the future, while people all around are screaming, "default! the government defaulted on its promise for my future! my future is happening now, and it sucks!"

you may be sure that george w. dumbass bush won't be around to get hit in the face with a rock. molly ivins either.

all of this talk about privatization and other schemes to deny the existence of a discipline called "accounting" is pure disguise. pay it no mind. if you know only that there's no trust fund, you know all you need to know about social security. there is no trust fund.

social security is illegal. it's built on lies. it's pure theft, and it's shoved down your throat in the name of humanitarianism. in other words, it's a government program.

how much longer are you going to take it?

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posted by saltypig @ 09:01