The Government Deficit
Government Has Borrowed 17.9 % From The Social Security Trust Fund
“Where law ends, tyranny begins!” Lord Chatham (William Pitt) expressed this concern to the British House of Lords in January of 1770. The full quotation reads; “Unlimited power is apt to corrupt the minds of those who possess it; and this I know, my lords, that where laws end, tyranny begins.”
Let’s look at the definition of ‘tyranny’--- a. similarly oppressive and unjust government by more than one person, arbitrary; b. unreasonable, or despotic behavior or use of authority, ex: the teacher's tyranny; c. (Government, Politics & Diplomacy) a political unit ruled by a tyrant.
Through the centuries, government leaders have continued to validate this quote. Complete power, does corrupt completely and it begins with the desire for greed and control. Unfortunately, with this type of individual enough, is never enough. Our leaders today flaunt their self-serving attitudes and we the people are suffering the dismal consequences of that mind-set.
We, as citizens, share the blame for our country’s circumstances. Instead of being loyal to individualism, that loyalty is lost in the doctrine of political parties. Personally, my vote goes to the person I feel is most qualified. The one who strongly believes in America's freedoms, the preservation of our constitutional rights, and keeping America strong, safe and financially healthy. Party affiliations should never be the decisive factor when casting a vote. Nor should it retain any elected official when they fail their citizens in lieu of greed and favors.
There are approximately 72 million registered Democrats, 55 million Republicans and 44 million Independents.
Who do the Republicans fight to protect --- the rich! That one percent who own, and control 90 percent of this country’s wealth. Senator Boehner walked out during budget meeting talks and refused President Obama’s phone calls. Why, because Boehner was after big cuts in Social Security benefits, Medicaid/Medicare, education funding for our children, and the list goes on. He was refusing, as all Republicans do, to close tax loopholes and raise taxes on the rich, big business, and corporations. He also opposed new regulations on those who have brought us to financial ruin.
Would someone remind Senator Boehner that his version of the Robin Hood Fairy Tale is wrong? Robin Hood robbed from the RICH and gave to the POOR. Boehner and his cronies ignore the fact that their way of thinking continues to move the middle class into the ranks of the new poor! Understanding the Republican Party’s dogma, I cannot comprehend how the middle class or poor can still declare loyalty to their ideals.
Did anyone besides me notice that Boehner only mentioned the business community in his rebuttal to President Obama’s press statement on the “debt ceiling talks?” Nor did he give any thought to the impact this political posturing would take on our country and its citizens. As Tavis Smiley stated, “One percent of the population, owning and controlling more than 90% of the wealth, is both dangerous and unsustainable.”
By the way, where are all the new jobs due to NOT increasing tax rates on businesses? Oh wait, they are all in India, Mexico, the Philippines etc, etc, etc!
US Holders of Debt
42.1 % -- US Individuals and Institutions
17.9 % -- Social Security Trust Fund
6.0 % -- US Civil Service Retirement Fund
2.1 % -- US Military Retirement Fund
Foreign Holders of Debt
11.7 % -- Oil Exporting Countries
9.5 % -- China and Hong Kong
6.3 % -- Japan
1.4 % -- United Kingdom
1.3 % -- Brazil
1.6 % -- All other foreign countries
Still not appearing on the list above is the cost for allowing illegal’s to obtain Social Security benefits, and the continual borrowing by elected officials from this fund. In a recent article, it was confirmed that our government has borrowed more from the social security fund then from any foreign government. These are critical factors that need to be addressed --- not cuts to the middle class (what is left of us) and poor. Counting Social Security as part of the deficit problem is a fictitious sham! It is a scheme crafted by our elected officials to offset the governments default to the American taxpayers and it is morally wrong! Where is our bail out?