We know there is no lock box where the government keeps the pile of cash they need to pay out to Social Security recipients. There is simply a stack of IOU’s government officials have put there, knowing that the day is coming when current receipts being used to pay retirees will not be enough to cover the total. It is a ponzi scheme that both parties are in on. We also know that if workers had the same amount of money that is taken from their checks for the social security “savings” trust to invest, they would end up being multi-millionaires rather than getting a paltry $2,000 or $3,000 a month. It is theft, pure and simple, brought to you by the U.S. Government.
Here is another scam that is designed to siphon off cash from retirees for government purposes. Under Barack Obama, the “working man’s friend,” there was a shortfall between gas tax receipts and projected highway spending. The president and his accomplices in crime looked around to find another source of revenue to pilfer, and they found it in the private pension plans of workers who will depend on those funds for comfortable retirement. That is not going to be the case.
See government plan for stealing pension funds on page 2: