Well folks, it’s that time of year again.
I decided to take a look at the newer 2011 Comprehensive Annual Financial Report (CAFR) for the Social Security Trust Funds – which is actually named:
“THE 2011 ANNUAL REPORT OF THE BOARD OF TRUSTEES OF THE
FEDERAL OLD-AGE AND SURVIVORS INSURANCE
AND FEDERAL DISABILITY INSURANCE TRUST FUNDS”
You may download this CAFR here:
http://www.ssa.gov/OACT/TR/2011/
Yes… for those of you who don’t know, the Social Security program has a massive investment trust fund that hoards your hard earned money into it every single year, and uses that money to invest in such things as war and occupation of other countries, junk bonds and federal securities – including mortgage-backed securities – and of course national and international banks and investments.
Remember, the main function of government’s taxation program is not to support government operations, but rather to increase the fund balances of governmental funds in order to create and support a massive investment based pool, which is then used for all of the non-taxpayer legal criminal activities that government participates in – what it deems as “non-governmental operations” using what it likes to consider “non-taxpayer money” derived from these investments and their returns. You see, your corporate government figures that any gains it is able to collect from investing your taxpayer money is there’s to keep and play around with at its leisure.
Of course, the Federal government continues to tell the people of America that the Social Security system is in financial ruin, and will be broke by the time many of us come-a-collectin’ in just a couple of decades. They tell us that the evil baby-boomers will strip Social Security bare, and drain the entire program into oblivion.
But I’m here to tell you that this just isn’t true. In fact, it is one of the biggest fallacies ever perpetrated upon the American public. It is a lie hidden in plain sight, just as most government programs and funds have turned out to be.
And so, according to the 2011 CAFR for the Board of Trustees of the Social Security System, the Social Security Trust Funds have a combined total of…
$2.6 trillion dollars.
W-W-What? You heard that right, my friends. Spelled out with all of those pesky zeros in place, that looks like this…
Total assets, December 31, 2010
$2,608,950,000,000
more,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
http://realitybloger.wordpress.com/2012/01/27/social-security-trust-fund-tops-2-6-trillion/
And we the people keep feeding the monkeys instead of starving them!
Oh, I’m sorry…
Did I interrupt re-runs of “Dancing With The Stars”?
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
| 