Nancy Pelosi Names Final Members To Debt 'Super Committee'

Completing the Theft from the Social Security Trust Fund

The Catfood Commission rump report made it crystal clear that the political and financial elites have no intention of ever paying off the bonds held by the Social Security Trust Fund. You thought you were paying excess FICA taxes so that there would be enough money to pay your Social Security in your retirement­, but that was never the intention. The intention was to raise your taxes and cut taxes on the rich.

They try to hide this fact behind a barrage of numbers, and shouting flacks, but occasional­ly, the truth unintentio­nally leaks out, as here:

"Unless the program can be made to pay for itself, Congress would have to appropriat­e more than $13 trillion over the next 75 years to make up the shortfall, according to the Brookings Institutio­n."

Of course the program can be made to pay for itself, out of those bonds in the Social Security Trust fund, and with taxes if that becomes necessary in 2037. What kind of idiot is making financial plans for 2037? Our political and financial elites, that’s who, if you can call stealing a plan. They don’t want to pay off those bonds. They want to raise taxes on working people so they will never have to pay off those bonds.

The whole point of every charade version of “strengthe­ning Social Security” is to insure that the income of the system is enough to pay the benefits that are due that year, hopefully with an overage that can be swallowed up in the General Fund and used keep the taxes on the rich at the lowest level since the time whereof the memory of man runneth not to the contrary. The Catfood Commission­, the Great Compromise­, the Gang of Six, the Chained CPI, and all other plans make it clear that the elites of both parties intend to complete the theft from the Social Security Trust Fund by raising your taxes and/or cutting your benefits.

Read the Article at HuffingtonPost