Plan B.

I spent the evening researching SS and first found something very interesting. Many of the "official" government sites came up blank. The sites by others are so convoluted and busy calling each other liers you get nothing,

Here is what I was able to dig out.. I was able to read the jist of the original bill written and passed in the mid 30s. It is written so loosely that the government can do any thing with the money and get away with it even though laws have been passed in later years making it absolutely illegal to use those funds for any thing other then SS. The use of IOUs to "borrow" the funds actually and legally does not admit borrowing or taking (stealing) and is why they are used. the government fully admits the IOUs are worthless. The ss was set up at 1% of the first $1400 of your wages but, as they realized how easy it was to bleed new taxes under the right
Deception. that 1% was raised 4 times before Roosevelt left office. (imagine that).

In the middle 60s Lyndon Jonson merged the SS tax into the general fund. In the mid 80s a huge rise in ss tax was passed under the guise of supporting the baby boomers retirement, this raised 2.5 Trillion dollars. Some ting politicians refer to as a wind fall. (most of us real folks call it a savings account) and of course since it went to the general fund it was spent. we had, after all, wars to fight and, freebees to pay for to those "disadvantaged" folk.



When you hear about all the money SS going to baby boomers here is a fact to consider, of all the funds payed into the non existing ss fund, because of the mid 80s mega increase in FICA tax Boomers paid 4/5ths of the total amount paid from it's inception up to today.