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$6 billion missing from State Department
07 Apr 2014 16:23 #18
by PrintSmith
And it is not "paid for", it is part of the annual federal budget and must have funds appropriated from the general treasury, which is where the taxes are paid, on an annual basis.
The other reality, decided by the Supreme Court in Flemming v Nestor, is that you have no contract with the federal government that requires them to pay you a single penny in benefits under the Social Security scheme, precisely because it is a pay as you go government program, as the Supreme Court stated it was in Helvering v Davis. Congress may end the program at any time of its choosing and there is not a single court in the land that would entertain an argument that Congress must provide benefits to those who paid taxes for all of their working years. Those tax revenues are collected and spent in the same year, always have been. Currently the only thing keeping the program solvent is the payment of interest on the bonds, the IOUs that the government has written to itself, that it must borrow money in order to pay by the way. There is insufficient tax revenue, despite the fact that the tax has risen by 72% and the amount of income subject to being taxed has been raised by almost 300%, adjusted for inflation, to provide for the annual appropriations made for the program by Congress.
That is why, unless taxes are raised yet again to support the Ponzi based scheme, the individual subsidies provided by the annual appropriations of Congress will be reduced to around 70% of what they are today. And do you know why Congress will be able to reduce benefits to 70% of what they are today? It is an annual appropriation of Congress, from the general treasury of the United States, that's why.
(In best Edith Ann voice)And that's the truth . . .
Replied by PrintSmith on topic $6 billion missing from State Department
You are lying again Jazzer - imagine our collective surprise. Social Security and Medicare are annual tax levies and an annual appropriation of the revenues that result from those tax levies. That was the ruling of the Supreme Court, the one that Roosevelt and the "New Dealers" threatened to pack with true believers if the court kept following the Constitution.LadyJazzer wrote: Social Security is paid-for
Presidential family vacations are budgeted for, as they have been for ALL presidents.
State Department is budgeted for.
You're lying again, Fred. Imagine my surprise...
And it is not "paid for", it is part of the annual federal budget and must have funds appropriated from the general treasury, which is where the taxes are paid, on an annual basis.
The other reality, decided by the Supreme Court in Flemming v Nestor, is that you have no contract with the federal government that requires them to pay you a single penny in benefits under the Social Security scheme, precisely because it is a pay as you go government program, as the Supreme Court stated it was in Helvering v Davis. Congress may end the program at any time of its choosing and there is not a single court in the land that would entertain an argument that Congress must provide benefits to those who paid taxes for all of their working years. Those tax revenues are collected and spent in the same year, always have been. Currently the only thing keeping the program solvent is the payment of interest on the bonds, the IOUs that the government has written to itself, that it must borrow money in order to pay by the way. There is insufficient tax revenue, despite the fact that the tax has risen by 72% and the amount of income subject to being taxed has been raised by almost 300%, adjusted for inflation, to provide for the annual appropriations made for the program by Congress.
That is why, unless taxes are raised yet again to support the Ponzi based scheme, the individual subsidies provided by the annual appropriations of Congress will be reduced to around 70% of what they are today. And do you know why Congress will be able to reduce benefits to 70% of what they are today? It is an annual appropriation of Congress, from the general treasury of the United States, that's why.
(In best Edith Ann voice)And that's the truth . . .
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07 Apr 2014 18:31 #19
by LOL
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
Replied by LOL on topic $6 billion missing from State Department
Any updates on the missing $6B ? 
If you want to be, press one. If you want not to be, press 2
Republicans are red, democrats are blue, neither of them, gives a flip about you.
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