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Cookie jar is empty

I must compliment the writer of Social Insecurity (Feb. 7), for jogging my memory about the real S.S. crisis. His comment that the administration has “borrowed” (read embezzled) $1.6 trillion from Social Security prompted me to look it up.

He’s right. The crisis isn’t Social Security – it’s Bush. Not entirely, though – he’s just the latest president since 1983 to stick his hand in the S.S. cookie jar. Right now, folks, your Social Security Trust Fund is empty. Worse, the administration has no provision for repayment. Privatization? It’s simply a scam to hide violations of federal law, namely, using S.S. funds to cover tax cuts for the rich. Bush started with a budget surplus, roughly $500 billion specifically earmarked, I believe, for repaying the funds illegally siphoned off from S.S. That surplus has evaporated.

I won’t belabor this further. Look it up for yourselves – please! Start with http://www.allenwsmith.com or the February AARP Bulletin. You’ll be amazed and no doubt angry enough to take action yourselves.



Charles Jaschob

Penn Valley


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