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No wonder Social Security is in crisis

| March 10, 2005 12:00 AM

Editor,

As long as Social Security tax funds go into the U.S. Treasury we are in a crisis. The crisis is 60 years old.

For 60 years the government has spent the entire surplus without putting any IOUs in a trust fund.

The trust fund, which was begun under Bill Clinton, is likewise bankrupt only containing IOUs from runaway government spending.

Did you know the IOUs balanced the Clinton budget? They will have to be paid somehow above the regular Social Security tax.

These unfounded IOUs are the funds that are supposed to carry Social Security until 2018.

Is Social Security in trouble? How big can you spell it? The Social Security theft and subsequent multi-trillion dollar obligation would never have happened if the funds had been invested in private accounts such as housing or business, causing individual and corporate prosperity.

The total collapse under social programs seems to be the liberal plan to bring the capitalistic system down and enslave all Americans. Taxing America out of existence is the battle plan of Daschle, Kerry, the Kennedys and other liberals. No wonder their agenda is higher taxes and more socialism, especially 100 percent death tax. That seems to be their only goal.

They are masquerading as loyal Americans, but like many of our judges and educators, are teaching and practicing treason.

Patrick Henry felt the chains of slavery in the mild British tax. Americans are being manacled to the wall of socialism by socialism.

Ernest Seablom

Ronan