Make money doing the work you believe in
Unbelievable wow American Academy of Actuaries indicates that the US GOVERNMENT has “RAIDED” ⚠️all of the SOCIAL SECURITY already. 🚨🚨🚨⚠️⚠️⚠️
The Official reports confirm that the government took the extra money that Social Security collected and spent it on other government programs. 🚨🚨
Basically The scam works by taking money from workers, spending it on other government projects immediately, and leaving behind an IOU that creates a new debt that must be paid back by future taxpayers. It hides the fact that the government used your retirement money to pay for its own expenses.⚠️
The system collects a surplus of Social Security taxes when more people are working than retiring. According to the Cato Institute, the government takes this extra cash and "passes the money immediately to current retirees." Any money left over is not saved. The Department of the Treasury takes this surplus cash and puts it into the "general fund" to pay for other government spending. The Trust Fund does not hold the actual cash.🚨🚨🚨
Instead of keeping the cash, the Treasury writes an IOU to the Social Security Administration. This IOU is a "special issue" Treasury bond. The Social Security Administration confirms that when the government takes the cash, it is exchanged for these securities and the cash becomes "indistinguishable from other cash in the general fund."³ The American Academy of Actuaries confirms that the excess revenue has been "lent to the general fund" and used to "finance its expenditures."⚠️⚠️⚠️
The Trust Fund holds these IOUs instead of money. The Cato Institute explains that this is misleading because the "piggy bank is empty." The government has written itself an IOU, which is not a real asset. The Center on Budget and Policy Priorities states that the government uses whatever cash it has on hand, including Social Security money, to pay its current bills.⚠️⚠️⚠️
When Social Security needs more money than it collects from current workers, it must "redeem" these IOUs. Because the government already spent the cash, the Treasury must raise the money to pay back the IOU by borrowing from the public or increasing taxes. The Cato Institute confirms that when the trust fund is spent from, the government is "just borrowing more" and the debt "falls on taxpayers."¹ The American Academy of Actuaries confirms that when the special securities are redeemed, the Treasury must pay from the general fund by "borrowing more from the public, spending less or collecting more in taxes."🚨🚨🚨
The scam is the complete transfer of risk. The government got to use your tax money to fund its operations for decades. Now that the money is needed for retirement, the government has to borrow new money to pay it back, which adds to the national debt. You paid the tax once, and now the government must borrow money (which increases the debt you also owe) to pay you back.🚨
