The Bollich Social Security Plan

Social Security Plan

1. Abolish Social Security
1. Reasons

i. Social Security is a pyramid scheme. It relies on a pay-as-you-go system where only those already receiving benefits gain in the short-run. Younger workers pay for the old.

ii. There is no trust fund. Money to pay for social security benefits comes immediately from payroll tax and the surplus is put into general revenue and written off as an IOU.

iii. Social Security discourages savings by placing the burden on government instead of the individual.

iv. The 6.2% payroll tax for employees is a myth. The actual figure is 12.4%. Employees are paid a salary 6.2% lower than they deserve in the first place due to the real costs to employers.

v. Over the span of 1935-2000, the rate of return for social security was well under 5 percent (2 percent?) while the returns on stocks was 10.2 percent a year and the return on bonds was nearly 6 percent.

vi. Due to the regressive payroll tax cutting off at $90,000 and the greater ability of wealthy individuals to invest excess income, the system most negatively effects lower and middle class income earners.

2. Plan

i. The U.S. government could easily issue bonds in the amount of the total Social Security liability ($8.1 trillion), deposit the bonds in the accounts of all current retirees and payers of the payroll tax (to the extent of their payments to date), abolish the payroll tax and close the system.[1]

ii. This would increase the national debt from $5 trillion to $13.1 trillion (in name only)[2] but would also save $400 billion a year in Social Security payments.

iii. Rescind the Bush tax cuts and use money to create a means-tested welfare program to target those who are actually poor.

2. Deregulate Pharmaceutical Industry
1. Reason

i. The elderly are the biggest victims of the greed of the pharmaceutical industry.

2. Plan

i. Allow more generics into the market, encouraging competition and resulting in lower costs for consumers.

ii. Allow competition from foreign producers, most notably Canada.

iii. Clearly, protections would be put in place to make sure drugs are safe and accurately labeled.

3. Create Culture of Savings
1. Reasons

i. Social Security has left individuals dependent on government for their retirement security.

2. Plan

i. Offer financial incentives to schools who initiate programs to teach children about savings.

ii. Provide community programs for older citizens.

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[1] http://www.capmag.com/article.asp?ID=3421

[2] The debt actually stands at $13.1 trillion when taking Social Security into account.

The Pentagon, Larry Silverstein, and the Continuing Government Cover-Up

After over a year of investigating the 9/11 attacks, I feel safe in debunking one of the most popular theories – the idea that the Pentagon was not hit by American Airlines Flight 77. Somehow, myself and many other “investigators” failed to acknowledge the wealth of eyewitness evidence, as well as the comparative evidence to the World Trade Center attacks. In the WTC attacks we don’t see wreckage from the plane outside the building. That’s because, like in the Pentagon, the plane went all the way into the building, meaning any remaining debris would be inside the structure. There is photographic evidence of debris as well as eyewitness testimony here: http://home.planet.nl/~reijd050/pentahole_dimensions_est.htm.

With that said, and with the National Institute of Standards and Technology (NIST) report coming out, there is still one very important lingering question: Did Building 7 in the World Trade Center complex really come down primarily due to fire, with some amount of structural damage from debris from the two main towers?

It would be easier to accept this conclusion at face value if it wasn’t for the testimony of Larry Silverstein, owner of Silverstein Properties, the company leasing the WTC complex on the day of the attacks.

In the PBS documentary about 9/11, America Rebuilds, Silverstein says, “I remember getting a call from the, er, fire department commander, telling me that they were not sure they were gonna be able to contain the fire, and I said, ‘We've had such terrible loss of life, maybe the smartest thing to do is pull it.’ And they made that decision to pull and we watched the building collapse.’” (For the video clip go to http://www.infowars.com/print/Sept11/FDNY.htm. Scroll down to UPDATED -- HI RES!! Watch the Video Clip and click on the link.)

This evidence is not mentioned in either the FEMA report or the more recent report from the NIST. Not only that, we have the CBS broadcast of Dan Rather saying, “It’s reminiscent of those pictures we’ve all seen too much on television before when a building was deliberately destroyed by well-placed dynamite to knock it down.” (For video of this go to http://www.whatreallyhappened.com/wtc7.html, scroll down to “Other media coverage of the collapse...,” and click on the video on the right.)

It is also important to note that Larry Silverstein made a fortune off the destruction of the World Trade Center. In July 2001, he purchased a 99-year lease on the complex costing an intitial $616 million and $115 million a year after that. These amounts were to total $3.2 billion. After the attacks he was awarded an insurance payment of over $3.5 billion and then sued for an additional $3.5 billion claiming the two planes constituted two separate terrorist attacks. (For more: http://en.wikipedia.org/wiki/Larry_Silverstein, and more: http://globalfire.tv/nj/03en/jews/wtc-silverstein.htm.)

That the official 9/11 story still does not account for Silverstein’s testimony, his impeccable luck, or the luck of traders who placed an unprecedented number of put options (bets the stock would fail) on American Airlines and United Airlines just days before the attack, shows that our government either doesn’t care about these things or doesn’t want us to know.

If I’ve peaked your interest at all you might want to join the Denton 9/11 Questions Meetup Group at: http://9-11.meetup.com/228/.