Sunday, February 17, 2008

Protect Your Neck..





The Kansas City Shuffle. It’s when you make someone look left when all the happenings and ill-doing is done on the right. There’s even a song about it. But as Mr. Goodkat let us all know prior to quietly breaking Nick Fisher’s neck, you need a body for that. In 10 years, we all will suffer from the government’s love of Lucky Number Slevin. The Couture Group really isnt too into politics but, we'll make an excetption..
Since 1983, Social Security has been sitting on extra money, as the payroll tax has collected more money than the program has actually paid out. 3 years ago, the surplus was $159 billion. As the retiring baby boomers increase the program’s costs, the annual surplus will get smaller and smaller and smaller until 2018, when the system will fall into deficit. It sounds a little scary. You know…oooh..deficit. But AHA!
That’s where this B.S. “trust fund myth” comes in. This myth suggests that all of the Social Security surpluses since 1983 have been saved in a trust fund that will total $5.7 trillion by 2018. In the meantime in between time, Washington is lending this money to investors -- businesses and individuals. Like a Tony Soprano funded Laundromat, these things usually don’t end well..
In 2018, when the system first falls into deficit, these individuals and businesses will begin repaying this $5.7 trillion back to the federal government, and that money will make up all the program’s shortfalls until 2042. Therefore, the myth continues, taxpayers are off the hook until 2042.
But here is the fun part. Not one cent of Social Security’s surpluses was ever lent to businesses or individuals. Think about it: Has anyone ever heard of getting a loan from Social Security? Anybody? No? oh…

The surpluses were actually lent to the U.S. Treasury. The Treasury then spent this money on regular government programs like defense, education and welfare. So it is the Treasury that owes the Social Security trust fund $5.7 trillion.

And where does the Treasury get its money? Taxpayers like you and me.

It is the everyday person who will have to repay the Social Security trust fund $5.7 trillion beginning in 2018. Why should you care? That’s like 10 years. Which is directly around the corner and if it’s affecting anyone, it’s the younger generation. Style is essential, granted. But when the not too far tax increases are to the point where it would be more cost efficient to live in the car you cant afford to put gas into because it’ll be, I don’t know, 6.98 a gallon, The Couture Group cant have that come as a surprise to you. Well dressed or not.

This is why the president's 2042 date is so disastrous. It makes it seem as if the problem is very far away. True, he mentioned 2018, but bringing up 2042 simply muddies the logic. It reinforces the idea that there really is a trust fund from which we will be drawing to pay the elderly for the quarter-century between the years 2018 and 2042. There is not. It is just paper.
To bring the silliness full circle, the president himself has since admitted that there really is no trust fund. But his 2042 date is based on the idea that there is.

The campaigning, the commercials, the reforms, the tears, the race issue, the fact that she’s a woman, the colors, the confetti, the PROMISES…all a smooth slight of hand to make us look left. When in fact there is absolutely nothing they can do to change anything. What has been set into motion by a chain of events before, can't be altered so please watch your investments, watch your future, and ultimately watch your neck.div>

A personal friend to the Couture Group,and a former Vice President himself (Roc-A-Fella Records), mogul Kenny Burns wanted to share his opinions on Barack, Hilary, and pushing the motherf@#$*ng button..


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