End Social Security

Social Security needs to be repealed. It is a ponzie scheme. Many of us have contributed $500,000 to this program and we think these contributions should be returned to us over time. If you had not allowed the slaughter of 50 million babies, we might not have this problem, but we do. The problem with the wind-down is that we who paid in want our money back. We also think those who have not yet earned any income should be exempted from contributing to social security when they do go to work. They should instead have their 15.3% deposited in their own IRA Accounts. That creates an inconvenient shortfall that should be funded by a national sales tax that is used for nothing else. So for a few decades starting in 2030, the government would have to pay out social security with progressively less coming in. As you see from the table below, our real leap in liabilities doesn’t really start until 2013. That’s what we get for ignoring the 10th Amendment.

Social Security Expenditures Budgeted
Year SS Expense Amt Increase over prior year
2008 – 615.256 B
2009 – 649.332 B 34.076 B more
2010 – 686.689 B 37.357 B more
2011 – 725.468 B 38.779 B more
2012 – 768.681 B 43.213 B more
2013 – 847.380 B 78.699 B more

Medicare should first have all the fraud rooted out to see if it should also be repealed. This can be done by emailing members every time a check is cut to a provider, including provider name, address, date, procedure and amount paid. Removing all retired persons from the Healthcare Cartel should bring down some prices and force healthcare back to house calls.
5% Sales Tax

A 5% National Sales Tax would pay for most Social Security Payments in the near term with an increase to 7% in 2013. The Same 5% would reduce the National Debt by $600 billion a year. Be warned that the sales tax would reduce the GDP by 5% as well. Our real unemployment is 25% and it will get 5% worse with a 5% Sales Tax. We cannot continue to raise the debt ceiling while refusing to deal with unfunded liabilities which never should have been started. A further caution is that we do not have the mechanisms to collect a National Sales Tax and we would probably screw it up. Businesses, if there are any left, have great difficulty collecting and filing State sales taxes. The administrative costs passed on the businesses is not insignificant. However, our unfunded liabilities are currently from $76 trillion to over $100 trillion depending on whose numbers you use. This is not a debt we are giving to our grandchildren. This is a debt that will shut us down within this decade. When we can’t borrow from anybody to fund our debt, we will find that we cannot fund our obligations. We will print money, go into hyperinflation and the dollar will collapse. This will be a buy gold, buy a gun, buy a farm, buy chickens, pigs, cows and seed, and get ready to return to a Wild West kind of Depression. The dollar will collapse and unemployment will go to 50% overnight in 2013. If you guys don’t go after the waste and fraud in the current giveaway programs first, we will all show up in Washington DC with pitchforks and torches.