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Kelsey Ford: From the Stacks: J. M. Ledgard's Submergence (0 comment)
Our blog feature, "From the Stacks," features our booksellers’ favorite older books: those fortuitous used finds, underrated masterpieces, and lesser known treasures. Basically: the books that we’re the most passionate about handselling. This week, we’re featuring Kelsey F.’s pick, Submergence by J. M. Ledgard...
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  • Kelsey Ford: Five Book Friday: Year of the Rabbit (0 comment)
  • Kelsey Ford: Powell's Picks Spotlight: Grady Hendrix's 'How to Sell a Haunted House' (0 comment)

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Looting of Social Security How the Government Is Draining Americas Retirement Account

by Allen W Smith
Looting of Social Security How the Government Is Draining Americas Retirement Account

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ISBN13: 9780786712816
ISBN10: 0786712813



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Synopses & Reviews

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Every cent generated by the 1983 Social Security tax increase—money ostensibly earmarked and saved for the retirement of the baby-boom generation—is gone, spent by our government. But most Americans are ignorant of the crime. The emptying of the Social Security Trust Fund is the greatest fraud ever perpetrated on the American public, and acclaimed author and economist Allen W. Smith reveals how George W. Bush and Congress are pulling it off. While George W. Bush has repeatedly condemned "corporate wrongdoers," he is guilty of fiscal mismanagement and outright deception that makes Enron and WorldCom pale in comparison. Smith explains the history of Social Security from its inception in 1935 to the present, including the enactment of the 1983 Social Security tax increase. Then, step by appalling step, he details how the government's promise to the American people—a pledge to never spend the Social Security funds—was broken by every succeeding administration. Sadly, The Looting of Social Security quite simply reveals how George W. Bush has stolen more than $3 trillion of Social Security money to fund tax cuts for wealthy Americans while robbing many of their hard earned money and their rights.

Synopsis

- George H. W. Bush spent all $211.7 billion of the Social Security Trust Fund that accrued during his presidency, on general government operations- Though Bill Clinton did reduce the federal deficit, he also used money earmarked for funding the retirement of the baby boomers to claim huge federal budget surpluses in 1998 and 1999- George W. Bush has pillaged the Trust Fund like no president before him and used the Social Security taxes paid by working Americans to fund a series of multitrillion-dollar tax cuts for the rich- The most important book to read before the 2004 election, The Looting of Social Security will make our government accountable for theft on a scale never seen before

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Product Details

ISBN:
9780786712816
Binding:
Trade Paperback
Publication date:
12/09/2003
Publisher:
CARROLL & GRAF PUBLISHERS
Pages:
256
Height:
8.25 in.
Width:
5.5 in.
Number of Units:
1
Copyright Year:
2003
Series Volume:
no. RIR 1J99-33
UPC Code:
2147483647
Author:
Allen W Smith
Subject:
Social security
Subject:
CURRENT EVENTS / American

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