“Duped by Congressional Lies”

Walter Williams

An open letter to Walter Williams.

Dear Dr. Williams: I am a big fan of yours. Whether reading your books, or your columns or listening to you guest host for Limbaugh, I have enjoyed your gift for making economics both educational and entertaining. I read your piece “Duped by Congressional Lies” with mixed admiration and dismay. You certainly make a persuasive argument. And as one who has paid into Social Security for the better part of half a century, I can sympathize with the genuine feelings of “entitlement” that people feel about Social Security. It was sold to us as a retirement instrument, that the government managed for us (since we couldn’t be trusted to manage our own money wisely ourselves). We knew for a long time that SS was a relatively “crappy investment” at best, maybe a 2% return, and that we could have done far better managing our “accounts” ourselves.

But faced with the reality that there are no “accounts”, our money was stolen from us, and that the only way the government can pay us what it promised is to steal it from someone else, it would seem to put us on the horns of a moral dilemma.

Until I got to thinking how the government deals with the crooks that they catch. It’s called “restitution”. When Bernie Madoff was sent to jail for his Ponzi scheme, the government went to his estate, to recover as much of the stolen money as they could. In drug cases, if it could be reasonable assumed that a drug dealer’s car or house or other assets were purchased with proceeds from an illegal activity, those assets are seized and sold.

Since the government has been buying up land and other assets with the money they stole from me and my generation for years, how about some simple restitution? We bring this before a Federal judge, (perhaps under a RICO statute, since this organized crime stretched out over every state in the union), or encourage our leaders in the House to get the ball rolling and make the government sell off or deed over their assets to their victims, and fund Social Security?

Instead of forty acres and a mule, give me forty acres of western land sitting over a vein of low sulfur coal or oil shale and the mineral rights to it, and, of course, remove all those ridiculous prohibitions about recovering the nation’s wealth, and it’s possible that I might call it even! I’d even settle for a good, productive uranium mine!

Or we could open up ANWR and earmark that revenue to current and future Social Security recipients. That way, we retirees and soon to be retirees, would not be stealing the bread from the mouths of current and future generations, and might possibly give us an alternative to either working ’til we die, or subsisting on cat food and dumpster diving.

The Federal government has more land than it needs and is sitting on a fortune in oil and mineral assets waiting to be unearthed. Since it can be reasonably assumed that those lands and mineral rights were procured with the proceeds from illegal activity, that is to say the Ponzi scheme that was and is Social Security, wouldn’t you agree with me that a little restitution to the victims is in order? And that selling off government assets would be morally superior to stealing from future generations? Just a thought…

Respectfully yours,

Proof

Cross posted at Proof Positive

Curmudgeonly sesquipedalian.

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  • Bat One

    Brilliant!

    • $8194357

      10X Proof

      • Hannitized, Proofs obsession

        Federal agency charges Ron Wilson with fraud
        The U.S. Commodity Futures Trading Commission has filed a civil enforcement action charging former Anderson County Council member Ron Wilson with fraud in connection with his business, Atlantic Bullion & Coin Inc.

        The complaint filed in federal court last week accuses Wilson and his Easley-based company of fraudulently offering contracts for the sale of silver, which is considered a commodity in interstate commerce.

        Federal prosecutors made similar allegations in April when they charged Wilson with mail fraud.

        The Commodity Futures TradingC ommission said in a statement to the media that Wilson and his business are accused of fraudulently obtaining at least $90.1 million from 945 investors between 2001 and Feb. 29, 2012, through a Ponzi scheme.

        But the agency’s complaint focuses solely on the $11.5 million that Wilson allegedly fraudulently obtained from at least 237 investors in 16 states between Aug. 15, 2011, and Feb. 29, 2012. That is the period when the agency had jurisdiction over the case under provisions of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.
        According to the complaint, Wilson and his company sold silver contracts to investors but failed to purchase any silver.

        “Instead, the defendants allegedly misappropriated all of the investors’ funds and to conceal their fraud, issued phony account statements to investors,” according to the agency’s statement.

        • $8194357

          (case under provisions of the federal Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.)

          Steller shark bait…Steller..
          Fanny/Freddey frauds 2010 law enforced on a ponzi started in 2001..
          Steller detective work loser..

          • Hannitized, Proofs obsession

            What are you suggesting, deranged one, that the true Ponzi scheme that was hatched by a GOP fraud isn’t a fraud because the reform that allowed him to be caught has Dodd-Frank’s name on it?

            Jeezus, you are stupid.

          • $8194357

            Your sorry ass assesment of what I said is what is stupid shark bait…
            Taking the Lords name in vain don’t make ya any smarter either, Casper..
            The “second death” is “eternal” death..
            Beware hanni/danni/bobbi professional political clog blogger.
            The deeds done in darkness are as the light of Day to the Lord..

            God Bless and keep ya now, Hear?

          • $8194357

            http://www.renewamerica.com/analysis/hutchison/120614

            Quote:

            The best of Fred Hutchison

            Utopia:
            The perpetual delusion of the left
            June 14, 2012
            Fred Hutchison,

            RenewAmerica analyst
            Originally published September 14, 2004

            When I was eighteen, I knew that the left is generally deceived. It required a few years to find out what the core delusion was, but many years to appreciate how radical is the lie they believe and why it leads to so much deception. The idealism of the left is based upon the romantic delusion that “progress” is inevitable and is leading us to a future utopia.

            Utopia is a romantic fantasy of a perfect future secular society on earth built by man with God left out. The cruel delusion of utopia is responsible for many of the twentieth-century disasters such as brutal dictatorships, major wars, countless atrocities, and destructive revolutionary movements.

            Why is utopia a false hope?
            Original sin.
            We are born contaminated by the nature of sin.
            All parts of our human nature are infected and corrupted. Such beings are constitutionally incapable of utopia. Yet, against all reason, experience, and common sense, many hope
            for an impossible utopia.

            Perhaps utopia is a substitute or heaven in a
            post-Christian secular society.

            End quote:

            The non zionist Jewish illuminati bankers have been convinced Satan is god…He dwells within them..

            Lucifer has convinced these globalist elitists
            that EDEN is here on earth for those who
            follow him
            FORWARD
            to totalitarian Communism/Sharia fascism..

            The leftist search for utopia comes from this
            lie from the pits of hell…
            Follow satan the first born radicle…
            The first free thinker..
            The god of this world…

            THE FIRST SNAKE OIL SALEMAN..

            Quote:

            http://www.whale.to/c/karl_marx.html

            Marx tolerated no ideas but the Illuminist
            ones which were later known as
            Marxist.

            Marxism merely gave the dark Illuminist
            powers a

            “hypocritical method and a verbose phraseology”,(calling something 180 degree opposite of what it was 7.62)

            which they could use to
            “justify any kind of enormity they committed”. (Alinsky’s “any means nessacary 7.62)

            Since this doctrine was unscientific, they would never in all their attempts be able to put the Marxist theories into practice.

            Under the sign of the Scorpion- the
            Rise and Fall of the Soviet Empire
            by Juri Lina

            ‘Marx’s chief aim was the destruction of religion.

            The good of the workers was only a pretense….

            Communism is collective demon- possession”.—Richard Wurmbrand

            Max Warburg funded Lenin and his revolutionaries.

            Jacob Schiff gave a known $20 million to Lenin.

            J.P. Morgan & Co. helped finance the Bolshevik revolution.

            Alfred de Rothschild also helped finance the Bolsheviks.

            Bloodlines of the Illuminati 11.
            Rothschild

        • Bat One

          As usual, your comment has nothing to do with the subject of this thread.  Compared with the fraud perpetrated on generations of Americans under the guise of Social Security, the accusation against Wilson you’ve quoted – without attribution of course – doesn’t amount to chump change.  Hell, even Obama bundler Jon Corzine’s $2 billion fraud at MF Global is small potatoes compared to the Democrats’ Social Security Ponzi scheme.

          This is just another in a long line of pathetic, partisan attempts to divert attention.

        • http://proof-proofpositive.blogspot.com/ Proof

           Your off topic rant without link or attribution is related to Social Security just how exactly? Have you ever considered a blog with training wheels until you learn how to carry on a conversation?  Or are you just lost and posting your mind drool on the first thread you stumbled across?

  • http://nofreelunch.areavoices.com/ Kevin Flanagan

    Just auction off the land the same way they did with portions of the electromagnetic spectrum.

  • sbark

    the  problem is that Social Security was never the insurance scheme it was sold to the public as being, that was just the Left playing word games.

    • Gern Blanston

      True. Depending on their audience, SS has been sold as either an insurance plan or a tax.

  • TexasJew

    I’m a relatively old fart myself, but cannot understand the entire concept of “retirement”.

    If you have failed to save up shit over your entire worklife, you should not retire anyway.

    Social security is a scam, but we all knew it was bullshit ages ago.

    It sickens me to see babyboomers act like this is all news to them; it’s been an open secret since the 1970’s, when they were in their damn twenties.

  • http://nofreelunch.areavoices.com/ Kevin Flanagan

    Why were IRA’s, 401k’s and SEPs instituted?

  • $8194357

    How much ya want to bet it would go to China, Soros, and the Arabs?

  • Wayne

    Geat idea but it will never happen.  These people are criminals that are above the law.

  • mickey_moussaoui

    Give me 40 acres of swamp so I can drain it and get rid of Democrats for good.

    • $8194357

      Apeasing the alligator only makes you his last meal.

  • SigFan

    The money quote from William’s article:

    The Social Security pamphlet of 1936 read, “Beginning November 24, 1936, the United States Government will set up a Social Security account for you. … The checks will come to you as a right. Americans were led to believe that Social Security was like a retirement account and that money placed in it was, in fact, their property. Shortly after the Social Security Act’s passage, it was challenged in the U.S. Supreme Court, in Helvering v. Davis (1937). The court held that Social Security was not an insurance program, saying, “The proceeds of both employee and employer taxes are to be paid into the Treasury like any other internal revenue generally, and are not earmarked in any way.” In a 1960 case, Flemming v. Nestor, the Supreme Court said, “To engraft upon Social Security system a concept of ‘accrued property rights’ would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands.””

    The lie has existed right from the start – and unfortunately people fell for it.  There is no account in your name, and cases argued before the Supreme Court established that there is no inherent right to any remuneration from the government.  Thievery pure and simple.

    • sbark

      can call it “thievery”wont argue,  but for sure just another Left wing generational redistribution scheme.      Basically giving money to a group that votes on a very regular basis, vrs the youth who as long as things are going well tend not to vote and tend not to keep up on the issues and govt debt in general.

      LBJ is quoted after passing the War on Poverty –“those N..grs” will vote for us for 200 yrs………I’m sure some dem’cat somewhere said the same thing about senior citizens and SS.

      They might have been ok, if they had held the politicians feet to the fire thru the 40, 50,60,70′, 80’s on the myriad of other govt spending with essentailly the SS “lockbox” money………..instead at the time they were content with the possibility of getting SS and all the other social spending………

      now …..here we are……..the crossroads are coming at us at 85 mph, with no brakes available.

      • $8194357

        As well?
        Legalizing drugs….
        Very loyal voter base, huh?

    • http://proof-proofpositive.blogspot.com/ Proof

       ” deprive it of the flexibility” Sound like a certain President we know?

      • SigFan

        His spine and convictions do seem to have all the rigidity of Gumby don’t they?

        • http://proof-proofpositive.blogspot.com/ Proof

           He envies Gumby for his ramrod bearing.

      • $8194357

        A “living breathing document or law” thy name is lucifer.

    • $8194357

      The form of the SNAKE.

      Sold under the “name of”
      the one thing, while its actual
      intended purpose is 180 out.

      Deception and lies come from where?

      • SigFan

        John 8:44

        “You belong to your father, the devil, and you want to carry out your father’s desires. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies, he speaks his native language, for he is a liar and the father of lies.”

        Pretty much sums up the majority of the left – and encompasses more than a few on the right.

        • $8194357

          Poitics in general IMO, sig.
          10X

          The leftist “culture of death”…

  • LastBestHope

    The whole Leftie message as been buried beneath this Keystone Kops administration. They went from total control of the govt. on 1.20.2009 to yesterday’s poll numbers…. which reveal a mass migration away from the Dems in general and Obama specifically.

    The thing that is so striking is that Team Obama has nothing left in the tool box that will save them from another 2010 midterm result. That historiic Wave election was ignored by The One and on 11.6.2012. he and his co-conspirators will reap the whirlwind of an electorate that has had ENOUGH.

    The Obama campaign is not doing FINE….

    “The Rasmussen Reports daily Presidential Tracking Poll for Wednesday shows Mitt Romney attracting 48% of the vote, while President Obama earns 44%. Four percent (4%) prefer some other candidate, and four percent (4%) are undecided.

    Matchup results are updated daily at 9:30 a.m. Eastern (sign up for free daily e-mail update).
    New numbers from the swing state of Iowa show a toss-up with Romney picking up 47% of the vote to Obama’s 46%. In that state, Romney has a 10-point advantage on the question of who is trusted more to deal with the economy.

    The race is also a toss-up in Ohio, Virginia, Florida and Colorado. Romney leads in North Carolina and Missouri. Obama leads in Pennsylvania. New numbers from Wisconsin will be released at noon Eastern today. (which has Romney +2)

    Four years ago, after wrapping up the Democratic nomination, Obama led John McCain every single day during the month of June. His average lead was five percentage points.  Obama eventually won by seven points. In the first 13 days of June for Election 2012, Romney has held the lead 10 times, the candidates have been tied twice, and Obama has been on top once. See tracking history.

    Consumer confidence slipped a bit on Wednesday and is now barely above the lowest levels of the past five months”

  • igx

    Too much central government trying to do too much. It’s corrupt and unworkable. 

    • $8194357

      ALWAYS

  • $8194357

    As always…
    FOLLOW the money trail FORWARD.
    And it leads to the international progressive global bankers….

    Quote:

    Scandal:
    Holder’s Untold Story
    Posted on June 14, 2012
    by Conservative Byte

    At a time when millions of Americans are losing their homes as a result of questionable or fraudulent mortgage banking practices, Attorney General Eric Holder’s Justice Department is being accused of blocking prosecution of a high-visibility real estate deal.Holder, who is under pressure by Congress members investigating the Fast & Furious gun-running scandal to resign, allegedly aims to protect a high-profile international bank client of his former law firm and shield Democratic Party operatives implicated in the scheme.WND has obtained several hundred pages of documents alleging that Holder and Lanny Breuer, the assistant attorney general for the DOJ’s criminal division, have intervened to block recommended federal prosecutions in an ongoing dispute involving the exclusive Yellowstone Club, a private golf and ski resort now owned by supermarket billionaire Ron Burkle and international bank Credit Suisse.

    Continue Reading on http://www.wnd.com

    • ellinas1

      Why is it, with all this “evidence” mo one is doing anything?
      Could it not be true, but merely rumors and innuendo?

      • $8194357

        IMO E..
        Two possible scenairos or a combination of things..

        Blackmail and death threats?
        OR
        both parties are “all in” on globalist agendas,
        national soveriegnty be damned…

  • robert108

    You and I are of one mind on this one, Proof.  Great post!

    • http://realitybasedbob.sayanythingblog.com/ realitybasedbob

      Between the two of you there is only one.

      • robert108

        When confronted by the truth, the lying left wing propagandist desperately tries to change the subject.

        • $8194357

          Always robert.
          Following its fathers excample..
          Lie, spin, and decieve..

      • Tim

         obama is done

  • sbark

    As far as with the idea of selling Fed lands just to pay SS…….good grief…..

    Actually very few that the govt owes anything to……..if on SS for any length of time.
    using average figures for a couple retired in 1960, your total Social Security and Medicare taxes paid were $18,000 (in constant, 2011 dollars). Total benefits received were $248,000 – a return of 1,277%. By 1980, those amounts were $104,000 contributed and $512,000 in benefits, a return of 378%. And by 2010, now $352,000 in contributions were worth $798,000 in benefits, a 226% return. Its coming together but not as fast as life expectancy is rising…..hence the crunch

    Workers paid in a max of approx 800.00 per year up until the late 70s’/early 80’s………most now get on those same “paid in dollars”….some 1200 plus per month……..plus spousal benefits on top of that.

    The first monthly Social Security check was sent to Ida May Fuller on January 31, 1940. She paid a total of $24.75 into the system. Her first check was for $22.54. After her second check, she’d already received more than she ever contributed. She lived to be 100 and collected $22,880.00………whats that 10,000%….that Bernie Madoff territory.

    generational transfer of wealth…………for votes is all it was………why do we think FDR had to threaten to stack the SCOTUS to get crap like this passed, even during the great depression.

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