|
Senior Member
Join Date: Jun 2000
Location: N. Phoenix AZ USA
Posts: 28,977
|
Quote:
Originally posted by tabs
Under the New Deal Social Security monies were placed in a seperate account to be used to act as a safety net for retirees. LBJ tapped into the Savings Account and started to use those funds as if they were in the General Fund, placing IOUs in the Social Security Account. So that at some later date the American Taxpayer would have to repay the Social Security Fund to help pay the retirees. Get the difference. LBJ was borrowing against futher generations of American workers.
This has been going on for so long that the younger guys don't even know that..they think thats the way its always been.
|
Two things really piss me off. 1, the above regarding the Johnson admin stealing our retirement savings to fund the Viet Nam war, and 2, its clearly stated in the Social Security Admin that your SSN is NOT to be used as an identification number.
Clearly we know now that what President Johnson did is going to bankrupt America and using any number, especially the SSN as an id number is just one of many steps along the way to "Big Brother" here in the country.
__________________
2021 Subaru Legacy, 2002 Dodge Ram 2500 Cummins (the workhorse), 1992 Jaguar XJ S-3 V-12 VDP (one of only 100 examples made), 1969 Jaguar XJ (been in the family since new), 1985 911 Targa backdated to 1973 RS specs with a 3.6 shoehorned in the back, 1959 Austin Healey Sprite (former SCCA H-Prod), 1995 BMW R1100RSL, 1971 & '72 BMW R75/5 "Toaster," Ural Tourist w/sidecar, 1949 Aeronca Sedan / QB
|