Recently Obama made an incredible threat to the American people that he would possibly not make social security payments if the debt limit is not raise. Although many have criticized this in vague terms like “unethical” and “outrageous” and “a low blow”, few seem to be analyzing the obvious fact that this is a threat to do something that would be totally illegal.
The social security tax is fundamentally different that most federal taxes such as the income tax, the estate tax etc. These other taxes simply generate revenue for the federal government which is not tied to any required type of payment. The social Security tax, on the other hand, is part of a law that requires the withholding and also specifies the funds will be paid for old age pension payments and disability payments for qualifying persons.
Anyone who has ever had a job ( and I am by definition speaking to conservative here) knows that there is a line item on their paychecks for withholding for social security separate and apart form withholding for income tax . This is so because there is a separate law that requires the withholding for SS and the same law requires it to be paid to qualifying pensioners and disabled people. Obama has no authority to arbitrarily take this money and use if for other purposes because it is not a general revenue tax. To do so would be a direct violation of the enabling act of social Security and a serious breach of the public trust.
But wait! If the debt limit is not raised there may not be enough money to pay social security. How could this be true since Democrats have been caliming Social Security is physcially sound though 2037. They claim Ongoing Social security withholding receipts are now and have always been greater than the ongoing claims.
Why then is Obama claiming that if the debt limit is not raised he may not pay social security checks onb time.
There are only trwo possible expalantions. First Obma is threatening to not pay claims when funds are actually avaialbe. This would be a threat to violate the SS law and pay other typoes of govenment liabilities with funds desicgnated by law to be paid for SS bneficiaries only. This would be a major violation ofthe public trust Democarts have insited for years they will never violate and it would be an outrigh ileegal act by the Presidnet.
The other explanation is even more sinsiter. Is it possible that ongoing SS reciepts are in fact not enough to pay current claims? Have Democrats beenpaying claims with borrowed money forcing thecounty into massive debt while lying to the puiblic that the program is sound. Even worse have they been dmeogoging Republicans who claim the systme need so be reformed to blance the books just for political gain while knowing the porogarm is in the red and getting worse?
Pick the lie you wish to bleive. Either way Democrats have been flushed out of the wood pile and their decipt regarding social Security is undeniable.
Tuesday, July 19, 2011
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