https://www.ssa.gov/history/Gulick.html – This is proof FDR knew taxes do not fund spending and his decision to protect Social Security “With those taxes in there, no damn politician can ever scrap my social security program. Those taxes aren’t a matter of economics, they’re straight politics.”
Sixty-one million people receive social security benefits, forty-four million people...
QUESTION: If we maintain the myth that FICA taxes pay for Medicare and Social Security, then we can claim that we “paid into” the mythical “trust fund,” right? Doesn’t that make it harder for politicians to cut both programs?
ANSWER: No, the myths make it easier. The Big Lie lets politicians falsely claim that Medicare and Social Security must be cut (or privatized) because more people are “drawing from” the programs than are “paying into” the programs. In this way politicians can divide and conquer (on behalf of Wall Street) by setting young people against their “thieving” parents. Save us from our friends: “Social Security Works.org” edition by Rodger Malcolm Mitchell, Mythfighter
Aren’t we financial slaves to China?! – [YT Video] Per Mosler, they have three options. They can choose to leave the money alone in the reserve (checking) account, move it to a securities (savings) account, or spend it by purchasing goods and services from other nations with USDs.