Government to collect from SENIORS to support the financial elite

I just scanned this Full Report: The Economic Elite Vs. The People of the United States of America — an outstanding assessment of what’s going down and where we are today.

… The Economic Elite have escalated their attack on US workers over the past few years; however, this attack began to build intensity in the 1970s. In 1970, CEOs made $25 for every $1 the average worker made. Due to technological advancements, production and profit levels exploded from 1970 – 2000. With the lion’s share of increased profits going to the CEOs, this pay ratio dramatically rose to $90 for CEOs to $1 for the average worker.

As ridiculous as that seems, an in-depth study in 2004 on the explosion of CEO pay revealed that, including stock options and other benefits, CEO pay is more accurately $500 to $1.

Paul Buchheit, from DePaul University, revealed, “From 1980 to 2006 the richest 1% of America tripled their after-tax percentage of our nation’s total income, while the bottom 90% have seen their share drop over 20%.” Robert Freeman added, “Between 2002 and 2006, it was even worse: an astounding three quarters of all the economy’s growth was captured by the top 1%. …”

It makes PERFECT sense that the next article describes how the government goes after seniors:

Defaulted Loans May Haunt Seniors

by Ellen E. Schultz
Monday, March 8, 2010

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A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.

Social Security benefits are off–limits to creditors, such as credit–card companies and banks. But the U.S. can collect debts to federal agencies by “offsetting,” or withholding Social Security and disability payments.

The Treasury currently withholds benefits of 3.1 million Social Security recipients to recover defaulted student–, farm– and small–business loans, unpaid income taxes, amounts veterans owe for health care, and other debts to the government.

Previously, the U.S. hasn’t been able to withhold Social Security payments to recover most debts delinquent for more than ten years.

But a provision in the 2008 Farm Bill lifted the ten–year statute of limitations on the government’s ability to withhold Social Security benefits in collecting debts other than student loans—for which the statute of limitations was lifted in 1997—and income taxes, where the limit remains 10 years.

The WSJ describes in great detail how GOVERNMENT collectors abuse old and ill people. 

The average person, without the CASH to pay a competent lawyer, cannot expect to prevail in the courts even when they are clearly INNOCENT!

The Full Report: The Economic Elite Vs. The People of the United States of America explains how the money is syphoned from the PEOPLE to the elite:

The Economic Elite Vs. The People of the United States of America: Part III: Exposing Our Enemy - Meet the Economic Elite

U.S. Elite
Institutions:

Federal Reserve
Business Council
Bilderberg Group
Conference Board
Brookings Institute
Advertising Council
Heritage Foundation
Trilateral Commission
Business Round Table
Chamber of Commerce
Federal Trade Commission
Council on Foreign Relations
American Petroleum Institute
American Enterprise Institute
American Bankers Association
Pharm Research & Manufacturers
Public Relations Society of America
American Psychological Association
Project for a New American Century
Securities and Exchange Commission
Committee for Economic Development
National Association of Manufacturers
Carnegie / Ford / Rockefeller foundations
Military / Media / Prison Industrial Complex

Unless you’re new to my sites, you know that the FEDERAL RESERVE creates the US dollars and then makes LOANS to the government which the tax payers pay back to bankers and investors with INTEREST.

If the GOVERNMENT created the dollars, we wouldn’t have a national debt and nobody would have to worry about losing their social security benefits because all these LOANS could have been GRANTS.



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