Book: Ronald Reagan & The Great Social Security Heist - How Reagan Gave Birth to the Looting of Social Security by Allen Smith, Ph.D.categories: Book, Looting Social Security, Raiding Social Security, Ronald Reagan, Alan Greenspan, Social Security Heist, Social Security Deficit
Allen W. Smith, Ph.D.about this book: I have been researching and writing about Social Security finances for the past thirteen years. During this entire period, I have waged a relentless campaign to expose the Social Security fraud. Our government has embezzled $2.7 trillion of Social Security revenue, channeled it through the general fund, and spent it on wars, funding tax cuts for the rich, and other government programs. The money that is supposed to be in the trust fund for financing the retirement benefits of the baby boomers is gone! Since 2010, the government has had to borrow money each year in order to pay full benefits, because the tax revenue is insufficient to cover the costs. And the amount that will need to be borrowed will increase rapidly in the years ahead.
The American people need to know about this crime against the people, but the government has managed to keep it a big dirty secret for three decades. The news media honor the government's desire to keep the looting of Social Security a secret by not reporting any story that the government does not want reported. The AARP appears to be allied with the government in the attempt to fool the public. Both the Social Security Administration and the AARP continue to claim that Social Security has enough money to pay full benefits for another 20 years without any government action. That is a deliberate lie, designed to keep the public in the dark about the true status of the program. Social Security does not have even enough money to pay full benefits even for the year 2014. It cannot pay full benefits for the current year without borrowing money to supplement its inadequate tax revenue, and unless Congress increases the debt limit the money cannot be borrowed.
I have devoted thirteen years, of what should have been the best years of my life, to trying to expose the fraud. If the full truth ever becomes known by the public, there will be a national scandal that will make Watergate pale by comparison. I have devoted those years, and a substantial amount of personal money to the cause of alerting the public to what is going on with regard to Social Security. The government has been stealing Social Security money and then lying to the people about it. I have published four previous books about the great Social Security theft over the past 13 years. But this latest book, "Ronald Reagan and the Great Social Security Heist," is the culmination of thirteen years of researching and writing about Social Security. I truly believe this book should be read by everyone who cares about the future of Social Security and the integrity of our government.
Allen W. Smith, Ph.D. www.thebiglie.net
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