What number of occasions have politicians stood earlier than the American folks claiming Social Safety is “working out of cash?” That’s the largest fraud of all. I’ve stated for many years that Social Safety is nothing greater than a Ponzi scheme. Your payroll taxes should not sitting safely in an account ready for retirement. They had been spent by Washington years in the past. The so-called Social Safety Belief Fund is full of authorities IOUs, not actual belongings. Each administration kicked the can down the street whereas pretending there was a belief fund. There by no means was. They borrowed each dime and spent it on every thing besides what staff had been promised.
Now take a look at what has surfaced inside Obamacare. In response to Well being and Human Companies Secretary Robert F. Kennedy Jr., multiple million Obamacare enrollments lacked Social Safety numbers. Kennedy acknowledged, “The Obamacare market is affected by fraud largely as a result of the Biden administration dismantled fundamental program integrity guardrails.” He then requested the query each taxpayer needs to be screaming at Congress: “Why are we paying folks we don’t know if they really exist?” The administration says it has already eliminated roughly 2.8 million improper enrollments after reviewing eligibility and dealer exercise, but they estimate over a million broker-assisted enrollments had been submitted with out Social Safety numbers. That ought to terrify each American who pays taxes.
Dr. Mehmet Oz uncovered one other layer of the scandal. “A few of these brokers refuse to comply with fundamental guidelines like offering their shoppers’ Social Safety quantity. That, my associates, is a large crimson flag.” CMS officers say sure brokers enrolled folks with out their information merely to gather commissions from taxpayers. As soon as once more, Washington’s reply is rarely accountability. Billions disappear, fraud prospers, no person goes to jail, after which politicians return to the microphone demanding more cash from the productive class.
In the meantime, they proceed claiming Social Safety goes broke as a result of Individuals live too lengthy. Give me a break. In 2025 alone, Social Safety paid roughly $1.6 trillion in advantages to greater than 73 million Individuals. Staff proceed paying 12.4% of wages into the system by payroll taxes, but each surplus collected for many years was loaned on to the federal authorities and spent. At this time, the Belief Fund holds Treasury securities, guarantees from a authorities already drowning in over $40 trillion of federal debt. They stole from one pocket, stuffed an IOU into the opposite, and now anticipate everybody to fake the cash remains to be there.
That is what governments do once they attain the top of the sovereign debt cycle. They waste trillions abroad, finance infinite wars, develop each paperwork possible, tolerate huge fraud, after which have the audacity to inform retirees they have to sacrifice as a result of “the system isn’t sustainable.” No, Washington isn’t sustainable. Social Safety didn’t fail as a result of retirees collected an excessive amount of. It failed as a result of politicians handled staff’ retirement financial savings as their private checking account.
Don’t anticipate this to enhance. Governments by no means admit failure. They at all times search for another person guilty. First, it was the wealthy. Then it was retirees. Tomorrow, it will likely be anybody with financial savings left. As confidence in sovereign debt continues to erode into the subsequent section of this disaster, each entitlement program turns into one other political weapon. The actual disaster has by no means been Social Safety. The actual disaster is a authorities hooked on debt that has spent future generations into oblivion whereas pretending each promise can one way or the other be honored.
