JOHN ADAMS

Our second President, John Adams, served as Vice-President under George Washington.  A leading champion of independence in 1776, from Quincy, Massachusetts.  Adams, a prominent lawyer was highly educated and promoted republicanism, which is different in meaning from republic. “Republic” is a form of government and “republicanism” is a political ideology.
John Adams often pondered the issue of civic virtue. He believed that  ‘Public Virtue cannot exist without private virtue’. He also believed that public Virtue is the only foundation of Republics. “There must be a positive Passion for the public good, the public Interest, Honor, Power, and Glory, established in the Minds of the People, or there can be no Republican Government, nor any real Liberty. And this public Passion must be Superior to all private Passions. Men must be ready, they must pride themselves, and be happy to sacrifice their private Pleasures, Passions, and Interests, nay their private Friendships and dearest connections, when they Stand in Competition with the Rights of society.”

Adams came to prominence in the early stages of the American Revolution as a delegate from Massachusetts to the Continental Congress. He played a leading role in persuading Congress to declare independence, and assisted Thomas Jefferson in drafting the United State Declaration of Independence. He was a major negotiator of the eventual peace treaty with Great Britain. Adams was a  political theorist and historian, and largely wrote the Massachusetts State constitution. One of his greatest roles was as a judge of character: he nominated George Washington to be commander-in-chief, and 25 years later nominated John Marshall as Chief Justice of the United States.

Adams’ revolutionary credentials secured him two terms as George Washington’s vice president and his own election in 1796 as the second president. During his one term, he encountered ferocious attacks by the Jeffersonian Republicans, as well as the dominant faction in his own Federalist Party, led by his bitter enemy Alexander Hamilton.

 Accomplishments as President.

 Adams signed the controversial Alien and Sedition Acts, which made it illegal to publish or utter any statements about the government that were “false, scandalous and malicious” with the “intent to defame” or to bring Congress or the president into “contempt or disrepute.” This bill, seemingly a violation of the Constitution’s First Amendment free speech protections, had a chilling effect on members of the Republican Party and its leader, Thomas Jefferson, who admitted that he feared “to write what I think.”

Adams also built up the army and navy because of the possibility of an undeclared naval war with France.

The Major accomplishment of his presidency was his peaceful resolution of the French conflict even in the face of Hamilton’s opposition. He kept this new nation out of war.

Another accomplishment of Adams was the creation of the Judiciary Act, the culmination of struggle between the waning Federalist Party and the rising Democratic-Republican Party. John Adams successfully reorganized the nation’s court system. Adams was and is often attacked for undercutting the newly elected Democratic-Republican executive branch by creating more positions for Federalist judges. There are arguments supporting both Adams’s sincerity in simply trying to create what the Supreme Court had supported for so long and Adams’s efforts to fill the court with Federalists before he left office. This has been referred to as the ‘Midnight Appointments’.

 Adams had been opposed by Thomas Jefferson in a fierce campaign. Adams was in favor of a strong national government and felt that France was a greater concern to our national security than Britain. His rival, Thomas Jefferson felt the opposite. Of course, at that time, whoever received the most votes became president and the one with the second highest votes became Vice President.The two enemies were elected together; John Adams received 71 electoral votes and Jefferson got 68.

 Adams was defeated for reelection by Thomas Jefferson and retired to Massachusetts. He and his wife, Abigail, founded an accomplished family line of politicians, diplomats, and historians now referred to as the Adams political family. Adams was the father of John Quincy Adams, the sixth President. Adams’ achievements have received greater recognition  in modern times, though his contributions were not initially as celebrated as those of other Founders.

If John Adams were President today, how would he be rated? What would the consensus be as to whether or not he was a good president?


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Worst President?

We often get into discussions with our friends as to who, in our opinion, was this nation’s Worst President. We all have opinions of course, and often times they are as diverse as we are.

Usually we will get into these discussions when talking about a sitting President we aren’t crazy about and name that President as the worst. Lately, most of my friends will name Obama. You might hear things like ‘I thought that Jimmy Carter was the worst President ever, but this guy (Obama, Bush, Clinton, etc) is by far the worst.

So lets think back through history and rate the Presidents that have served this nation.

OK, first there was George Washington. I don’t recall ever hearing anyone suggest he was the worst President, nor do I remember anyone infer he was a bad President. On the contrary, most people will concur that Washington was a good President even though we have nothing to compare him to in the sense that no one came before him.

The Electoral College elected Washington unanimously as the first president in 1789 and again in 1792. He remains the only president to have received 100 percent of the electoral votes. John Adams, who received the next highest vote was elected Vice President. Although the first Congress voted to pay him  a salary of $25,000 per year, Washington declined because he valued his image as a selfless public servant. Eventually he conceded and took the salary.  He was a good administrator and delegator and an excellent judge of talent and character. Washington wasn’t a member of any political party and had hoped that political parties would not be formed. He signed the Resident Act and when Congress imposed an excise tax on Distilled Spirits and people rebelled and became defiant of the law, Washington summoned them to court and invoked the Militia Act and took command, riding through the rebellious districts. Although the rebels dispersed and there was no fighting, this act marked the first time under the new constitution that the federal government used strong military force to exert authority over the states and its citizens. Although a major war broke out between Great Britain and France, Washington with cabinet approval, proclaimed American neutrality. Hamilton and Washington designed the Jay Treaty to normalize trade relations with Great Britain, remove them from western forts, and resolve financial debts left over from the Revolution.  

Prosperous trade resulted with Great Britain  as the result, and left the French angry, which caused relations with France to deteriorate leaving Washington’s successor, John Adams, with the prospect of war.

Even in his farewell address, Washington,because of his leanings toward a strong, central government, the value of the Constitution, the rule of law and the evils of political parties. He called morality a ‘necessary spring of popular government’ and that morality can prevail even without religion. He went on to warn against foreign influence in domestic affairs and America meddling in European affairs. He warned against bitter partisanship in domestic politics and for congress to move beyond that and serve the common good. He also warned against ‘permanent alliances with any portion of the foreign world and that the US must concentrate on American interests. He promoted friendship and commerce with all nations but warned against involvement in European wars and entering into long-term ‘entangling’ alliances. This address quickly set American values regarding foreign affairs, but not for long.

As for me, I can see both sides of Washington. One is the Washington I agree with, the other is a President I would take strong issue with.

What say you?


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A found essay

Going through various essays I’ve written in order to see if any were appropriate for my WordPress blogs, I stumbled upon this one, Written in late 2009. I found it to be quite appropriate indeed, in light of this past week in the news.

Barak Obama and the CIA:

Why does President Pantywaist hate America so badly?

If al-Qaeda, the Taliban and the rest of the Looney Tunes brigade want to kick America to death, they had better move in quickly and grab a piece of the action before Barack Obama finishes the job himself. Never in the history of the United States has a president worked so actively against the interests of his own people – not even Jimmy Carter.

Obama’s problem is that he does not know who the enemy is. To him, the enemy does not squat in caves in Waziristan, clutching automatic weapons and reciting the more militant verses from the Koran: instead, it sits around at tea parties in Kentucky quoting from the US Constitution.

Obama is not at war with terrorists, but with his Republican fellow citizens. He has never abandoned the campaign trail. That is why he opened Pandora’s Box by publishing the Justice Department’s legal opinions on waterboarding and other hardline interrogation techniques. He cynically subordinated the national interest to his partisan desire to embarrass the Republicans.

Then he had to rush to Langley, Virginia to try to reassure a demoralized CIA that had just discovered the President of the United States was an even more formidable foe than al-Qaeda.

“Don’t be discouraged by what’s happened the last few weeks,” he told intelligence officers. Is he kidding? Thanks to him, al-Qaeda knows the private interrogation techniques available to the US intelligence agencies and can train its operatives to withstand them – or would do so, if they had not already been outlawed.

So, next time a senior al-Qaeda hood is captured, all the CIA can do is ask him nicely if he would care to reveal when a major population centre is due to be hit by a terror spectacular, or which American city is about to be irradiated by a dirty bomb. Your view of this situation will be dictated by one simple criterion: whether or not you watched the people jumping from the twin towers.

President Pantywaist’s recent world tour, cozying up to all the bad guys, excited the ambitions of America’s enemies. Here, they realized, is a sucker they can really take to the cleaners.

His only enemies are fellow Americans.

Which prompts the question: Why does President Pantywaist hate America so badly?

HE WAS BORN A MUSLIM LIVED A LIFE AS A MUSLIM AND WILL ALWAYS BE ……………A MUSLIM

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The Village Idiots

I spent a few minutes on Yahoo Answers today. I don’t know how I got there as I had been searching for rolling luggage. But there I was amid the Village Idiots.

Yahoo performs a good service with their Answers site and sometimes there are pretty good questions AND answers to be found. Today was not one of those days. Perhaps it’s because of the topic – Politics, then – Civic Affairs. I have found that it is areas such as these that harbor the most Village Idiots.

Don’t get me wrong, there are some people with which  you can actually carry on a pretty good dialogue within these two areas, not many, mind you, but some.

Most people, when it comes to either of these topics either don’t participate because they know nothing about them.  know it and have the intelligence to shut up, yet there are those who don’t seem to mind letting the world in on their stupidity, completly ignorant of the fact that they haven’t a clue and probably never will because they think they know what they’re talking about and would be insulted should they be told otherwise. You also can’t ever change their minds because those minds are closed to everything but their own opinion. These are the Village Idiots.

Lest you doubt me, just allow me to share some of the Questions that were posted today:

Can a Flat Tax been seen as Progressive if income is taxed by for example one person makes 30 million dollars?
Can a Flat Tax been seen as Progressive if income is taxed by for example one person makes 30 million dollars a year and instead of paying by percent or % the person must pay 100 dollars in taxes the other two persons one is poor the other person is middle class they both must pay 100 dollars in taxes my question is as a group who pays more taxes in 100 dollars the Rich/Wealthy or the Poor and the Middle Class my question is do the Rich pay more even if we had a flat tax since they make more money
1 hour ag0 – 4 days left to answer.
 
Conservatives, why does it bother you so much if someone hugs a tree?
hmm… so far only 2 or 3 (out of 7) of you actually answered my question
 3 hours ago – 4 days left to answer.

Can we apply for a birth certificate in case the original one is lost?
And do we have to go to the same state in which we were born or can we get the birth certificate from anywhere in india?
14 minutes ago – 4 days left to answer.

Why are voters uninformed? I am serious.Many voters from both left and right that I have interviewed had no idea what obama voted for as senator or as president. I am a independent voter BTW

18 minutes ago – 4 days left to answer.

The first liberal on here made a intolerant remark.i always keep notes on these things being the tru independent I am

14 minutes ago

If President Obama had a woman on the side, who would he choose?Oprah? Conde Rice? Hillary?

54 minutes ago – 4 days left to answer.

Okay, so is it me, or do you think we have a problem? The main thing I worry
about is that these people vote and Multiply.
 



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Please Don’t Throw Me Under The Bus

I have an addiction. Infact I have at several addictions. Historically, addiction has been defined as physical and psychological dependence on psychoactive substances (for example alcohol, tobacco, heroin and other drugs) which cross the blood-brain barrier once ingested, temporarily altering the chemical milieu of the brain.

Some psychology professionals and many laymen now classify ‘addiction’ to include abnormal psychological dependency on such things as gambling, food, sex, pornography, computers, internet, work,exercise, idolizing, watching TV or certain types of non-pornographic videos, spiritual obsession, self-injury and shopping.

Addiction is a primary, chronic disease of brain reward, motivation, memory and related circuitry. Dysfunction in these circuits leads to characteristic biological, psychological, social and spiritual manifestations. This is reflected in the individual pursuing reward and/or relief by substance use and other behaviors. The addiction is characterized by impairment in behavioral control, craving, inability to consistently abstain, and diminished recognition of significant problems with one’s behaviors and interpersonal relationships. Like other chronic diseases, addiction can involve cycles of relapse and remission. Without treatment or engagement in recovery activities, addiction is progressive and can result in disability or premature death.

The term soft addiction, coined by Judith Wright to describe activities, moods or ways of being, avoidances, and things-edible and consumable but which do not pose a grave health disease risk – rather, they have the most effect on personal time and productivity. These addictions can also be called ‘bad habits’.

There is disagreement as to the exact nature of behavioral addiction or dependency. However, the biopsychosocial model is generally accepted in scientific fields as the most comprehensive model for addiction. =”http:href=”http:

In the case of pathological gambling, for example, the American Psychological Association classifies the condition as an impulse control disorder and not an addiction.

It is estimated that at least 90% of Americans have at least one form of soft addiction in their lives. Nadine Kaslow, PhD, professor of psychology and behavioral sciences at Emory University in Atlanta, has commented on the issue, saying that while it is healthy to relieve stress with behaviors like drinking coffee and watching television, when they become habitual they become problematic to one’s health and happiness.

Cyber-psychologist Kimberly Young, director of the Center for Online Addiction, has addressed Internet addiction, one of the most common types of “soft addictions”. Young has likened excessive Internet use to pathological gambling.

Research around addictions and social media sites has been growing. The Retrevo Gadgetology company recently came out with research suggesting that there is an obsessiveness to the way people are checking their pages.

An addictive personality refers to a particular set of personality traits that make an individual predisposed. href=”http: (codependency) (“Addiction/Addictive Personality”). People engaged in addictive behavior tend to plan their lives around it (“Addiction/Addictive Personality”). Scientists have been able to better understand addictive personalities as researchers delve further into understanding the chemistry of addiction.

Experts describe the spectrum of behaviors designated as addictive in terms of five interrelated concepts which include patterns, habits, compulsions, impulse control disorders, and physical addiction (“Addiction/Addictive Personality”). An individual is considered to be at the risk of developing such addictions when he/she displays signs of impulsive behavior, nonconformity combined with a weak commitment to the goals for achievement valued by the society, a sense of social alienation, and a sense of heightened stress . Such a person may switch from one addiction to another other or even sustain multiple addictions at different times.

After reading the above material, it is my assumption that researchers,  the American Psychological Association, and other guru’s on the subject, have themselves an addiction to those who have an addiction. Regardless, they are hell-bent on classifying everyone into one addiction or another. According to these ‘professionals’, we, including them, are all addicted to one thing or another.

So yes, I am addicted and I don’t want treatment. I like my addictions. In the spring, I employ my Plant Addiction. I scour the nurseries within a thirty mile radius of my home in search for that rare, or different plant that I have yet to make mine. I have long since satisfied my lust for the ordinary, run of the mill perennial and have moved on to the more exotic. I have been known to take my husband on a wild goose chase to find a nursery I’ve yet to meet. A couple of years ago, we rode for 65 miles in the wrong direction, and when it dawned on him, although he tried to get out of the situation by saying ‘Well, we tried, so let’s go to on up to Vermont’. ‘Are you crazy’ I asked? ‘No, we have to find this place’, to which he had no choice but to turn the car around and drive 65 miles back to where we came from, take a left and continue for another 38 miles. I tell you, it was SO worth it. I found a variety of perennial Geranium that I had never seen before. Into my cart it went, and one for my daughter also.

In the summer, that addiction turns into a related Gardening Addiction. I weed, trim, plant, mulch, water, inspect, feed, my many gardens. I have setees, chairs, benches and gliders in my gardens and on the patio but I never sit on them. I also have rocking chairs on the front portico as well as chairs on the back porch. They sit empty while I feed my Gardening Addiction. I never tire. It’s a good thing my husband grills out when it isn’t raining or we would never have dinner.

I haven’t mentioned another related plant addiction. It’s my Rose Addiction. I would tell you the number of roses I have if I knew. The last time I did a count, there were seventy-one, but that’s before I added the three or four I planted last year. I cannot let a year go by without adding at least one new rose. I begin the eternal quest by researching different attributes of the rose I must have that given year. Oh, I make lists, note features, variety, color, fragrance, size and whether or not it will display hips in the fall. I keep those lists from year to year but never refer to last year’s list when it’s time to add another rose because more likely than not, my criteria has changed. Mind you, I only have a quarter acre property. I know you’re wondering how I can add each year to a collecion of over seventy roses and not run out of room. It is precisely because I have so little planted space that I put sometimes horrendous qualifications on my roses. If it is a rose that has been touted as being fragrant and it doesn’t have a fragrance, if it is the wrong hue of a color I need, If it has been heralded as ‘forever in bloom’ and gives me three flowers, it get root pruned. My roses know that they are given valuable property in which to sit. My mantra is ‘live up to your resume or begone’.

Come the fall will find my focu turn to Outdoor Project and Cleanup Addiction. The project is usually well thought out, but sometimes something creeps in out of the blue. An example of that happened today when I finish the flower and plant lined path I created going up one side of my pond, across the back of the pond and down the other side. This path makes is so much easier to weed that area as it gives me much needed access. When I finished that weeding and puning chore today, I immediately noticed how the tree lined curved entrance would be so much more enhanced with the addition of an arbor. That truly was a light bulb thought that I had never given a nod to prior to today. This fall will find me researching for the appropriate arbor for that spot,

Lest you think that my addictions are only gardening related, I assure you this is not the case. I live in the northeast part of the country and pray tell what on earth would I do between the months of November and April without another type of addiction to distract me from the long nasty months of winter?

Why, once the holidays are behind me my thoughts wander to the quiet activity of adding to my ever growing collection of dinnerware sets. It doesn’t matter one bit that I now have in my possession five full sets of service for six, one set of service for eight, and a set of service for twelve, besides a full tea set. My latest quest is acquiring a set of off white English ironstone. I am slowly adding additional pieces to the dinner plates and some serving pieces I have recently obtained. None of these dinnerware sets are new, of course, but either English or American ironstone or transfer ware from Potteries no longer in existence.

Just because some might say that my addictions are benign doesn’t change the fact that they are addictions none-the-less. Some might also say that Anthony Weiner’s addictions are benign also in that “he did not have sex with those women”.

Poor Weiner was thrown under the bus by members of his own party, for whatever reason can that only be left to speculation. Unlike me and many of his colleagues in Congress, Weiner is seeking treatment for his addiction(s). regardless, under the bus he went.

Please don’t throw me under the bus !!!

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THE SOCIAL SECURITY DILEMMA…PART 2

In introducing my take on this Ponzi Scheme we had reached the part of this debacle  by stating the following paragraph:

To insure the collapse of the ponzi scheme, throughout the years of the program, many tweaks were made to an already bad idea. Survivors benefits were added, universal coverage was added and the debate over more ‘adequate’ coverage emerged. A series of amendments were enacted.

To follow up with the many amendments that have been added to this burdensome piece of Legislation we look to June, 1972, when both houses of Congress approved 20% increases for nearly 28 million Seniors, overwhelmingly. The average monthly payment rose from $133 to $166. This was the bill that set up the COLA’s (Cost of Living Adjustments).  The COLA’s were to take effect in 1975 and made on a yearly basis if the CPI (consumer price increase) increased by 3% or more. This was done in order to index to inflation so that benefits would rise automatically. For instance, if inflation was 5%, then benefits would rise by 5% so the real value of the SS payments wouldn’t decline.

But, there was a technical error was made which caused the COLA’s to overcompensate for inflation (double indexing).

Congressional amendments to SS took place back then in even numbered years which of course, election years. However, by the late 1970s, this era was over  and the amendments began to take place in odd numbered years, (NON-election years).

For the next three decades, it was projected that SS would show large, long-term deficits, and by the early 1980s, the program nearly went immediately insolvent. Thus began the FICA increases and Benefit Reductions. It was at this time when Social Security became the “Third Rail of American Politics”. Touching it meant Political death.

During this same period, workers were paying FICA taxes but few were yet collecting benefits, but this was soon over. The ratio of elderly populations to the working population was increasing. This caused worry about the idea of the pay-as-you-go program.

There was double-digit inflation and very high interest rates, oil & energy crises, high unemployment and slow economic growth. There was also a growing Federal Budget Deficit which had increased to $66 Billion, stagflation and price inflation.

These problems on made that colossal mathematical error of the 1972 amendments that were not sustainable. All of this led to another financial disaster for SS. 

Finally, the Congress passed even more legislation which fixed the double indexing mistake. This amendment also changed the tax formulas in order to raise more money by increasing the withholding (FICA) to 6.15%.

With these changes, President Carter said “Now this legislation will guarantee that from 1980 to the year 2030 that Social Security funds will be safe and sound”. 

Of course, this was not the case. The financial picture declined again almost immediately and by the early 1980s, the system was again in crisis. All of the amendments and tweaks SS was destined to run out of money by the mid 1980s, with talk of the Trust Fund being unable to pay  benefits. 

The National Commission on Social Security Reform, chaired by Alan Greenspan, was created to address THIS crisis and the commission investigated the solvency of Social Security over the long haul. The result of the investigation was to delay COLA for six months and changing the tax-rate schedules for the years between 1984 to 1990. There was also a proposal to impose a TAX on SS benefits of higher-income retirees. This meant that benefits in excess of $25,000 (the really rich single retirees), and $32,000 for (wealthy retired couples)  became taxable (Double Taxation). This generated revenue into the Trust Fund for the short term but there was still no thought given of a long term. What would happen when people born during the baby boomer years, retired? 

So, a previously enacted increase in the payroll tax (FICA)  was accelerated, additional employees were added to the social security administration (of course),  the full-benefit retired age was ratcheted up, and one half of the social security benefit was made taxable income (TRIPLE TAXATION).  It was at this point that the Social Security Trust Fund was taken ‘OFF-BUDGET’ which became a way for Congress to spend the money instead of the Trust Fund remaining as an Accrual and a way of hiding the total debt. This ‘provided’ for the exemption of Social Security and parts of Medicare funds from ‘Budget Cuts’ (so we were told)

Again, this action created another short term ‘fix’ because Congress had no fortitude to really deal, finally, with the problem. In other words, no one in Congress had the balls to tell the truth. Another opportunity for honesty failed.

Instead, Congress invested these ‘Surplus Funds’ into special series, non-marketable Treasury Securities and held by the Trust Fund. In other words, Congress ‘Borrowed’ the surpluses from the Social Security System and in place, gave the Trust Fund IOU’s. This also offset the total Fiscal Debt, again making it look much smaller, and those monies were used to finance other government programs.

To make matter worse, the Supreme Court has ruled that no one has any legal right to Social Security Benefits by deciding in 1960, that ‘ENTITLEMENT TO SOCIAL SECURITY BENEFITS IS NOT A CONTRACTUAL RIGHT’. The Supreme Court also held that: A PERSON COVERED BY THE SOCIAL SECURITY ACT (BY HAVING 6.5%  MANDATORIALLY  WITHHELD FROM HIS PAYCHECK ALL HIS WORKING LIFE ). IN OTHER WORDS, JUST BECAUSE YOU HAD TO PARTICIPATE IN THE PONZI SCHEME, DOESN’T MAKE YOU ELIGIBLE TO COLLECT A CENT FROM IT. BECAUSE IT IS NOT A CONTRACT. 

Now, it is my contention that Social Security could have been saved by one simple vote of Congress. Instead of all of the Tweaks and Amendments, when ratcheting up the Full Age retirement which had been the age of 65 since the act was enacted in 1935, to 67 years of age, had the ‘early’ retirement age been equally increased to 65 years of age, we would not be in this mess. Do the math if you doubt it, 

It is further my contention that once Social Security was taken ‘OFF BUDGET’ by Congress, and the money was used with IOU’s placed into the fund, they, the Congress ceased to have any intention of ever making good on a Binding Contract that was made ‘in good faith’ with this country’s workers 50 years earlier.

This breach of faith should warn us of the caliber of the individuals that occupy the halls of what was once a hallowed building and institution. By breaching the faith of the people in this nation, they have, in effect, broken all rules of man, morals and ethics.

They are all dammed.

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A Big Dilemma with a Simple Solution? Or, the Unravelling of the Ponzi Scheme

A recurring thought plagues me and I wonder if I have seemingly solved the social security dilemma, and if so, why then do members of Congress seem so blind to the simple ‘fix’? Is it that I am simplifying all of this where an easy fix isn’t to be had, or am I on to something and congress’ cry for their version of a ‘fix’ to Social Security and ‘revenue enhancement’ (higher taxes) is the avenue for them to spend us beyond oblivion?

Consider this: Social Security, created in 1935, as a social commitment to the elderly contained certain provisions in its creation. One of these provisions was that the program would only cover working men, and few woman & minorities would be covered. The act also denied coverage to individuals who worked intermittently. These jobs were dominated by women and minorities.

Another provision was that most people would not have their paycheck tapped because the average person earned too little to have to be concerned with fully participating by having money taken (confiscated) from their paycheck to fund this program. For those who earned over the contributory exclusion, a mere five cents would be contributed. 1937 was the first time Social Security payments were deducted from paychecks. The first check was issued in January of 1940 to a lady named Ida Fuller. During the previous three years, Ms Fuller paid a total of $24.75 into the system. Her first check was for the amount of $22.54. By the following month, Ms. Fuller had received more than she had paid in during the previous three years. Ironically, she lived to the ripe old age of 100 and collected a total of $22,888.92.

No wonder people back then thought Social Security was such a good deal. Ms. Fuller wasn’t alone, for most people collected much, much more in benefits than they had ever paid in to the system. But like any other Ponzi Scheme, it was doomed and those in Congress knew it was doomed, but hell, they wouldn’t be around when the Piper needed to be paid, so why worry.

What is a Ponzi Scheme, for those who might not know exactly?

A Ponzi scheme is a fraudulent investment operation that pays returns to separate investors, not from any actual profit earned by the organization, but from their own money or money paid by subsequent investors. The Ponzi scheme usually entices new investors by offering returns other investments cannot guarantee, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the returns that a Ponzi scheme advertises and pays requires an ever-increasing flow of money from investors to keep the scheme going. The system is destined to collapse because the earnings, if any, are less than the payments to investors. 

That is exactly what is happening to the Social Security system now. In other words, the jig is up. Of course you are not about to be told this by any member of Congress or any Presidential administration for to admit such a thing would get us pretty darned angry for one thing and make us eternally skeptical of anything the Federal Government would come up with ‘for our benefit’ in the future. So forget any notion of them coming clean.

To insure the collapse of the ponzi scheme, throughout the years of the program, many tweaks were made to an already bad idea. Survivors benefits were added, universal coverage was added and the debate over more ‘adequate’ coverage emerged. A series of amendments were enacted.

to be continued

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