The Plot to Destroy Social Security

by Allen Smith

Social Security is facing its most difficult crisis ever. It is a crisis made in Washington, and one which most people do not even know about. For more than 30 years, the government has been using Social Security surplus revenue as general revenue, to finance wars. tax cuts for the wealthy, and other programs. The intent of the 1983 payroll tax hike was that all of the Social Security surplus revenue was supposed to be saved and invested in real marketable U.S. Treasury bonds, which could later be resold in the open market to raise cash for paying benefits to the baby boomers. But none of the surplus revenue was saved or invested in anything. The money was all spent on general government operations. Since 2010, the cost of paying full Social Security benefits each year has been more than the total incoming Social Security tax revenue. Therefore, the government must borrow money to make up the difference. Unless the debt ceiling is raised, Social Security will be unable to pay full benefits even for 2014.

48 pages, Kindle Edition

First published February 4, 2014

About the author

Allen Smith is a syndicated writer living in Oceanside, California. He is a three time award winner for America’s Funniest Humor and published thousands of articles in print, on the web and social media. Smith earned his master’s degree in exercise physiology from San Diego State University in 1983, where he worked in the country’s first cardiac rehabilitation program. He is also a certified Clinical Exercise Physiologist with the American College of Sports Medicine.

Smith has been featured on NBC News, ABC’s The View, KYSL Radio, The Hollis Chapman Show, TV8 Vail and Plum TV16. He has also been published in The Writer Magazine, Funny Times, the Professional Skier, Denver Post, Aspen Times and was a founding writer for Lance Armstrong’s wellness website, LIVESTRONG.COM. Smith was the Gear Editor from 2008-2011 for Onthesnow.com, the most visited winter sport website in the United States.

Smith’s first book, Ski Instructors Confidential: The Stories Ski Instructors Swap Back at the Lodge was published in 2005, is in its second printing and continues to sell around the world in book stores and on-line. His second book, Watching Grandma Circle the Drain was published in 2011 and has received rave reviews on Amazon, Barnes & Noble, Books-a-Million and dozens of independent websites and blogs. He has also contributed to Chicken Soup for the Soul: Runners (2010) and The Gigantic Armchair Reader (2008). His latest book, Monkey in a Pink Canoe was published in April, 2014 and earned the Best Humor Award from the Colorado Independent Publishers Association. For more information, please visit Smith directly here.