I started on this topic when I found that George Bush used $98 billion from the old age and survivors trust fund to help pay for 2 wars and Bush Tax cuts.

Unlike the old age survivors trust fund SS fund was based on (excess money collected threw payrole Taxes over money paid out was generally put into US government bonds. So as per TP propaganda you can say that all presidents borrow SS funds.

Until Ronald Reagan

Reagan needed funds for his wealthy Tax breaks which was causing major federal funding problems so he used the SS funds to pay for these Tax breaks. So the SS amendment of April 23 , 1983 signed into law by Ronal Reagan. All conservatives during the Reagan administration knew he was not a big fan of any social programs he hated them. That's why I question his motives as to why he signed this amendment. He was all in on Supply side economics ( trickle Down economics, that to this day is the GOPTP agenda. It has been a failure and trickle down accomplished one thing and one thing only more wealth to the top 1%.

Regardless of the mechanism the government over the last 35 years through a amendment created by Reagan to loot the retirement funds of Americans and we will be taxed twice. The dirty little GOPTP secret.

Instead of being a proud day for America, on April 20, 1983 had become a day of shame. SS amendment of 1983 laid a foundation for 30 years of federal embezzlement of our SS money in order to pay for wars, and wealthy tax breaks. This SS as per Reagan would create $2.7 trillion in surplus in SS revenue to accommodate the age when the baby boomers would start to retire. Now the Baby Boomers are retiring the GOPTP talking point of SS is unsustainable and needs to be privateized because government does not work.

The Reagan agenda was not working instead created a tax shortage in federal funds. So Reagan and Greenspan devised a plan of SS increase to our income tax. This plan would generate instant cash flow into the general fund. Greenspan played a key role in convincing Congress and the American people a massive tax hike in payroll taxes was needed, all to rape the poor and middle class of SS to pay for his supply side economics which was causing major short falls in federal funds. It is estimated that Reagan stole $1.2 trillion from this SS amendment of 1983. All research shows both reading lady and right confirms Reagan took these funds. They just disagree on the amount.

I have researched a number of letter letters written by Ronal Reagan to Congress starting in May 21, 1981 that this tax increase is needed to prevent the SS fund from bankruptcy. The American people at that time could not see the biggest piece of fraud on American people. So the propaganda of Reagan never increasing taxes is still used by the right wing today.

So if you want documents here they are you can google each and every letter written by Reagan and then ask yourself why today is SS unsustainable. It's because Reagan gave this country a path to fraud imposed on the American people and all future presidents.

May 21, 1981 Reagan letter to Congress on The SS system.

July 18, 1981. Reagan Letter to Congress on SS

Sep. 24 1981 Reagan's address to nation on Program of Economic Recovery
This was a joke and the American people bought into this agenda, that did not work, other than to use middle class tax increase on SS to support his agenda of supply side economics. Deficit increased under Reagan by 365% and the income in equality widened. This the same agenda proposed by the GOPTP today.

Dec. 29, 1981. Reagan statement on signing SS legislation( please read this letter)

Feb. 27, 1982 Reagan letter to Chairman and members of the National Commission on SS reform.
This link will actually address manner letters written by Reagan on this issue.

Jan. 15, 1983 Reagan letter on receiving Reccomandations of the National commission on SS reform. Tip O'Neil a democrat and speaker approved without knowing what Reagan's intentions of how he was going to use these funds. So you OPP bloggers are right the democratic Congress bought into this but had no idea how Reagan was going to use these funds

EO 12402 Reagan EO on National Commission on SS reform Jan 15, 1983. Wow a republican EO on SS.

March 22, 1983 Reagan letter on proposed SS and unemployment benifit's legislation.
This letter is incrediable I would love to hear the GOPTP of today make these statements. This letter absolutly shows the Reagan hypocracy and would stop at nothing to gain his slush fund to support supply side economics.

April 23, 1983 Reagan comments on signing the SS amendment without Congress knowing the real plan devised by Reagan and Greenspan how these funds were to be used.

I could continue as to how the SS fund became unsustainable which is a dirty little talking point by the GOPTP and they blame the left today on how SS and Medicare is not working but tell me one legislator both left or right would ever give any details how over the past 30 years how Reagan, Bush 41, Clinton, and expecially the Bush Chaney administration. The Reagan agenda on SS reform just created a pathway for fraud on the American people.

Yes the TP bloggers will say it's all BS. But the cold hard facts is $2.6 trillion was stolen from our SS funds mostly by Reagan, Bush 41, and Bush 43, Clinton also used this fund but don 'to forget Clinton left office with a surplus in our federal coffers, but it's another talking point created by the right of creative accounting. Which this talking point is stilled used today.

The TP bloggers will jump on me calling it liberal lies. But if you read these Reagan letters of how he sold this largest payroll tax increase on Americans. The GOPTP talking point that Reagan never increased Taxes is a favorite over there at Fox News and you can see it is a flat out lie.

But today with a black community organizer in the White House your propaganda of blame on Obama and the left is all a great big lie. So please before you start with you insults read these letters. If Ronald Reagan was running for office today and used this SS topic none of you would vote for him. (UNLESS YOU KNEW WHAT HE WAS GOING TO USE IT FOR) then it would be okay because it's okay for republicans to commit fraud but not Democrats.

You need to wake up, you're sleeping awake. While there's no question about people living longer having affected things, this is not the sole reason there are troubles with the fund. Caps on contributions, double-taxes, "borrowing from ourselves", the Fed's near-zero interest monetary-policy...these things have also played a part. And the fact that people receive more than they paid in is a matter of fiscal policy and has to be dealt with. Maybe you don't mind that working people of the future may be hung out to dry when their time comes to collect, but that's typical of someone who already got theirs and don't care. Like I said,, the debate now should be what to do about it. Of course you have nothing to say about that.

Both established parties that have continued deficit spending are guilty - but only one party ever admits that there is a funding problem - and Reagan's reforms at least postponed the funding problem.

Fools like you and TD fail to understand the most simple of realities - the so called SS fund, the security is and has always been "invested" in federal debt. It's like we're all saving for our retirement by putting money in the bank, then borrowing it for consumption and leaving ourselves an IOU to pay it back. While Reagan did succeed in some reforms - increasing the tax and extending retirement ages - he too operated with deficits. W Bush did try a reform - one that would allow individuals a choice to invest outside of government debt and the lose of control over those revenues were too much for too many to take. He, too, did allow the increased federal debt.

I'm old enough to have a chance to escape the full brunt of this false security - but younger folks have zero chance - and calling me names or pretending you are covered by your liberal friends will not protect you - only understanding simple logic by enough folks - and you aren't likely to be one to attain that understanding.

the people that make "more than they paid in?

Didn't the GBMNT make interest off this money for the "lifetime", many have paid this S.S. tax?

It isn't the Public's fault that their elected representatives, "squandered", this account, to fund their own pet projects, raped, & pillaged this account over the years!

Do the math, & everyone will see, that if you put this money into the stock market for the same period of time, you would have had far more accumulated than what the GBMNT, "thinks" you have coming as an "entitlement".................... :evil: :arrow: :hunf:

the people that make "more than they paid in?

Didn't the GBMNT make interest off this money for the "lifetime", many have paid this S.S. tax?

It isn't the Public's fault that their elected representatives, "squandered", this account, to fund their own pet projects, raped, & pillaged this account over the years!

Do the math, & everyone will see, that if you put this money into the stock market for the same period of time, you would have had far more accumulated than what the GBMNT, "thinks" you have coming as an "entitlement".................... :evil: :arrow: :hunf:

Social




Social Security is going broke because. for the last 30 years CONGRESS has been "borrowing" money to fund the general fund. Yo make matters worse, Obama signed an agreement letting Social Security benefits go to illegals and their relatives back home in Mexico, even though we don't have enough money to pay legal Americans. President Reagan was the first one to call Social Security's coming bankruptcy to national attention. The liberals of that time believed in the ignorance is bliss philosophy and thought it best to pretend there was no problem with Social Security aqnd encouraged everyone to ignore it and let things take care of themselves.