The federal government DOES NOT fund Social Security! Social Security funds the federal government.
Since the Johnson Administration of the 60s, the S.S. fund has been plundered and the surplus from the fund used to finance wars and the daily operations of the federal government. This came as a result of Johnson declaring that these surplus funds would be added to the general fund. Once there, the funds could be used for anything and everything.
As only one example: The Bush2 Administration had to cover the loss of revenues from the welfare tax cuts to the upper 3%. It was imperative that the administration be able to cover up the loss by showing a presumed increase in revenues that was supposed to have resulted from this preferential treatment of the uber wealthy. Surplus funds were stripped from SS, along with any unused funding from any other program, then added to the general revenue column as though these increases were generated as an actual result of the welfare tax cuts. These stolen funds with their new designation as “revenue” were then used as proof that these welfare tax cuts were beneficial. Its all a lie, and one the middle and working classes are about to pay the bill on.
Every administration has, without exception used the same tactics to hide preferential treatment of their buddies; to cover up expenditures for things most of us would find highly objectionable.
Most of the American public is totally clueless as to the deceptive accounting practices being used to fool them, and most still have no idea that the budget presented to the public is the simplified budget and only includes carefully presented revenues and expenses meant to portray a specific picture of the nations financial dealings. And many more of us are totally unaware that there is another budget referred to as the “unified budget” which shows all revenues from every source and every expense of any kind and a budget which, if we were to view it and understand the true implications, would most likely scare the beetlejuice out of most of us.
The White House budget director, Russell Vought, said on Friday that the Trump administration will freeze...
The Nobel Prize in economics was awarded to a trio of researchers Monday for their work...
