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Gloom and doom! Bush has raided the Trust Fund!

Posted on 04/02/2005 5:12:36 AM PST by HankReardon

An end to America many of us enjoy and love seams near. The trends are frightening.

Immigration poses a huge threat. Using current rates of birth and immigration (legal and illegal), our Census Bureau calculates all races in the United States will become minorities within 45 years. Coalitions of third-world immigrants may then dominate. Such occurences, some watch-dog organizations contend, will likely lead to conflict among the cultures and open revolt.

An estimated 12 million foreigners are here illegally. Many receive services without paying taxes. Their presence is causing hospital closings because of required, unpaid treatment, the reoccurence of communicable diseases, additional school levies for multilingual instruction, higher costs of incarceration, above normal crime rates, increased gang activity, pockets of squalor in housing, welfare provisions for them ahead of citizens, and lower pay for residents competing for jobs. Besides, the government permits the hiring of illegal aliens without penalty, making a mockery of "the rule of law."

Despite polls showing the public's desire for curtailing immigration, President Bush vowed to continue former President Clinton's desire for a multicultural society. But Bush is pushing far ahead. His latest agreement invites more illegal immigration by providing Social Security benefits to any mexican who worked here, either legally or illegally. Never mind that they are largely uneducated and that Mexico's leader wants them here.

If congress approves, our cost may exceed more than $550 billion. Are our interests being neglected?

Congress shares responsiblity. Legislative action taking trillions of dollars from the Trust Fund occurred mostly during Bush's tenure.

Yet, the politicians give themselves hefty pay and retirement benefits while earmarking $23 billion for pork projects such as ski resorts, a gay and lesbian center, and animal waste management. Don't expect a presidential veto, however.

Our national debt, money owed mainly to Asian countries, is also unprecedently large under Bush. Exacerbating concerns of economists about bankruptcy and our nation's loss of respect worldwide, an unpopular war and other costly involvements abroad, the dollar's precipitous decline internationally, a balance of trade no longer favoring the Untied States, the budget sharply curtailing services for citizens, and a deteriorating infrastructure which studies find will require trillions of dollars to restore.

Can current demographic and economic trends be reversed? That might occur if voters aggressively inform the politicians of desires and replace those (political party aside) who would continue to fritter our country away.

Dr. so and so (Founding President of local community college)


TOPICS: Business/Economy; Constitution/Conservatism; Culture/Society; Government; News/Current Events; Politics/Elections; Your Opinion/Questions
KEYWORDS: borderless; constitution; entitlement; globalism; globalist; northamericanunion; rewardingillegals; welfarestate
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This appeared in my local newspaper, he did sign his name and mention the college he was associated with, I chose to withhold it. This is the 2nd such letter from him within 2 weeks, both times mentionimg that most of the SS Trust Fund had been raided during President Bush's time in office. I am going to respond. I am seeking knowledge and guidance from my fellow freepers in doing this. So many questionable things here, where to begin?
1 posted on 04/02/2005 5:12:37 AM PST by HankReardon
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To: HankReardon

What's to argue with? GW is all in favor of letting the illegals continue to flood into our country and avail themselves of our already bloated entitlements. Further, according to the WSJ, non-discretionary spending has risen over 30% under Dubya. So far he's a fiscal failure.


2 posted on 04/02/2005 5:14:53 AM PST by Huck (:-)
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To: HankReardon

There is no 'trust fund' and hasn't ever been such a thing as far as I know. SS funds are confiscated from our paychecks and go right to the general fund to pay out to the SS receivers.

There is no algore 'lockbox'...never has been. SS $$ go to buy some bonds too, I think...

That is all I know, nuthin' more and I don't care that I don't know more. It's like Wonder Bread, I like it and don't care it's white poison!


3 posted on 04/02/2005 5:15:51 AM PST by GRRRRR (America the Wonderful! Optimism beats Pessimism Every Time!)
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To: Huck

The war on Terror, a great investment had to be done, homeland security, tax cuts were right. This all pays in the long run, short term spending.


4 posted on 04/02/2005 5:17:19 AM PST by HankReardon
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To: HankReardon

There is no "Trust Fund".


5 posted on 04/02/2005 5:17:26 AM PST by BigSkyFreeper
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To: HankReardon
This is the 2nd such letter from him within 2 weeks, both times mentionimg that most of the SS Trust Fund had been raided during President Bush's time in office

Uh there has been no SS trust fund since LBJ, but what the hey blame Bush, who is trying to get rid of that ponzi scheme.

6 posted on 04/02/2005 5:17:45 AM PST by Dane ( anyone who believes hillary would do something to stop illegal immigration is believing gibberish)
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To: HankReardon

What he really means is that Bush's agreement with Fox WOULD raid the Trust Fund, not that Bush HAS raided the Trust Fund. I'm not even sure that part is accurate though. In any event, there is no way that Congress is going to let illegal Mexican aliens collect social security benefits.


7 posted on 04/02/2005 5:18:59 AM PST by Brilliant
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To: Huck
GW is all in favor of letting the illegals continue to flood into our country and avail themselves of our already bloated entitlements

Huh I didn't see Bush try to shoot down Prop. 200 in AZ(a Bush appointed judge upheld it when Napolitano(D) tried to shoot it down) or the recent legislation in VA.

BTW, you're a Libertarian they are for no borders.

8 posted on 04/02/2005 5:20:28 AM PST by Dane ( anyone who believes hillary would do something to stop illegal immigration is believing gibberish)
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To: Brilliant

Please reread, he says trillions HAVE been taken from the Trust Fund mostly during Bush's tenure.


9 posted on 04/02/2005 5:21:13 AM PST by HankReardon
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To: HankReardon

There seems to be a plan to join the North American countries into one. Something like an EU. That seems to be President Bush and President Fox's plan. I would like to see it stopped , but it doesnt appear that the Congress has the guts it takes.


10 posted on 04/02/2005 5:21:30 AM PST by sgtbono2002
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To: Dane

Didn't they stuff it with IOU's during Clinton, or am I thinking of something else?


11 posted on 04/02/2005 5:22:28 AM PST by RedBloodedAmerican
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To: HankReardon

Debt to the penny.

$7,776,939,047,670.14


12 posted on 04/02/2005 5:25:33 AM PST by Capitalism2003
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To: RedBloodedAmerican

You're thinking of Sandy Burgular, that Clinton cronie stuffing his shorts with national intelligence. Talk about an oxymoron.


13 posted on 04/02/2005 5:26:04 AM PST by BigSkyFreeper
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To: RedBloodedAmerican

The Social Security surplus has been put into the federal government's general fund and spent since 1968.


14 posted on 04/02/2005 5:28:13 AM PST by HankReardon
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To: HankReardon

Alarmist, but true. However, can we stop using the term "Third World?" It is a relic of the Cold War. Besides, many "Third World" countries (Korea, Singapore, even Chile) are more prosperous than second world countries like Ukraine, Albania and Bulgaria.


15 posted on 04/02/2005 5:29:10 AM PST by Clemenza (Alcohol Tobacco & Firearms: The Other Holy Trinity)
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To: Dane

I voted for GWB. I'm a registered Republican. GWB has said that people coming here to find work should be allowed to come here. I take him at his word, even tho I disagree with him on it.


16 posted on 04/02/2005 5:30:23 AM PST by Huck (:-)
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To: HankReardon

How about his "unpopular war" statement? How unpopular is it to fight terrorists who want to kill Americans and destroy the American economy?


17 posted on 04/02/2005 5:31:23 AM PST by HankReardon
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To: Dane

By the way, how does a president shoot down a state ballot initiative? I can't think of a single case where that's happened. He doesn't have any authority to do so.


18 posted on 04/02/2005 5:31:24 AM PST by Huck (:-)
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To: BigSkyFreeper; GRRRRR
From the Social Security site:

The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) and the Disability Insurance (DI) Trust Funds. These funds are accounts maintained by the Department of the Treasury. They serve two purposes: (1) they provide a mechanism for keeping track of all income to and disbursements from the trust funds, and (2) the assets of the funds provide automatic spending authority. To clarify the second point, no legislation is needed to spend a portion of trust fund assets on benefits or administrative costs (the Social Security Act limits expenditures to benefits and administrative costs).

Benefits to retired workers and their families, and to families of deceased workers, are paid from the OASI Trust Fund. Benefits to disabled workers and their families are paid from the DI Trust Fund.

A Board of Trustees oversees the financial operations of the trust funds. The Board reports annually to the Congress on the financial and actuarial status of the trust funds.

19 posted on 04/02/2005 5:31:33 AM PST by raybbr
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To: Huck
By the way, how does a president shoot down a state ballot initiative? I can't think of a single case where that's happened. He doesn't have any authority to do so

By the Judges he appoints. It was the 9th circuit filled with Carter appointees that shot down Prop. 187.

20 posted on 04/02/2005 5:33:03 AM PST by Dane ( anyone who believes hillary would do something to stop illegal immigration is believing gibberish)
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