In Association with

Friday, February 25, 2005

Click Here For Social Security deceit

WorldNetDaily: Social Security deceit: "The next big lie is from the same Social Security pamphlet: 'Beginning Nov. 24, 1936, the United States government will set up a Social Security account for you ... The checks will come to you as a right.' First, there's no Social Security account containing your money, but more importantly, the U.S. Supreme Court has ruled on two occasions that Americans have no legal right to Social Security payments.

In Helvering v. Davis (1937), the court held that Social Security was not an insurance program, saying, 'The proceeds of both (employee and employer) taxes are to be paid into the Treasury like internal-revenue taxes generally, and are not earmarked in any way.'

In a later decision, Flemming v. Nestor (1960), the court said, 'To engraft upon Social Security system a concept of 'accrued property rights' would deprive it of the flexibility and boldness in adjustment to ever-changing conditions which it demands ...' That flexibility and boldness mean Congress can constitutionally cut benefits, raise retirement age, raise Social Security taxes and do anything it wishes, including eliminating payments. "


Post a Comment

<< Home