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Answer:strip govt of its power. giving a few hundred scoundrels, control over several million is a recipe for corruption.
Strip the power and they lose the influence that everyone wants to buy.
When SS old age insurance was created, the law required surpluses to be invested in government securities, both marketable and unmarketable special purpose bonds. Over time, the trend was to invest more in the unmarketable bonds which in effect transferred surpluses to general revenue.
The SS reforms on the 80's required surpluses to be invested only in unmarketable bonds. The incremental surplus from the increase in payroll taxes justified to make certain there were sufficient funds available for benefits, 30 years into the future, immediately became available for government spending.
That many people do not understand that SS has always been old age insurance, subject to change, as determined by Congress, does not mean corruption.
The military has NEVER been able to account for spending. Congress enacted a law in 1996 requiring an audit. Twenty years later, it has not happened. It has not mattered who sat the oval or held the majority of Congress.
The biggest donors to political campaigns, across party, tend to be those who will benefit the most from government defense contracts and all else related to chronic intervention and war. SCOTUS ruled, we the people, do not have the right to know the source of the massive amounts of dark money that flow into SuperPacs.
Easy enough to use a fraction of this money to fund just about anything that goes bump in the night, all over the world to achieve a political objective.
When SS old age insurance was created, the law required surpluses to be invested in government securities, both marketable and unmarketable special purpose bonds. Over time, the trend was to invest more in the unmarketable bonds which in effect transferred surpluses to general revenue.
The SS reforms on the 80's required surpluses to be invested only in unmarketable bonds. The incremental surplus from the increase in payroll taxes justified to make certain there were sufficient funds available for benefits, 30 years into the future, immediately became available for government spending.
That many people do not understand that SS has always been old age insurance, subject to change, as determined by Congress, does not mean corruption.
The military has NEVER been able to account for spending. Congress enacted a law in 1996 requiring an audit. Twenty years later, it has not happened. It has not mattered who sat the oval or held the majority of Congress.
The biggest donors to political campaigns, across party, tend to be those who will benefit the most from government defense contracts and all else related to chronic intervention and war. SCOTUS ruled, we the people, do not have the right to know the source of the massive amounts of dark money that flow into SuperPacs.
Easy enough to use a fraction of this money to fund just about anything that goes bump in the night, all over the world to achieve a political objective.
Answer:strip govt of its power. giving a few hundred scoundrels, control over several million is a recipe for corruption.
Strip the power and they lose the influence that everyone wants to buy.
We know that years ago the Federal government basically stole all of the money in the SS fund.
Why are there not criminal charges involved?
Read this very important law which kills your thread and answers your question:
Social Security Act of 1935
TITLE II-FEDERAL OLD-AGE BENEFITS
OLD-AGE RESERVE ACCOUNT
Section 201. (a) There is hereby created an account in the Treasury of the United States to be known as the Old-Age Reserve Account hereinafter in this title called the Account. There is hereby authorized to be appropriated to the Account for each fiscal year, beginning with the fiscal year ending June 30, 1937, an amount sufficient as an annual premium to provide for the payments required under this title, such amount to be determined on a reserve basis in accordance with accepted actuarial principles, and based upon such tables of mortality as the Secretary of the Treasury shall from time to time adopt, and upon an interest rate of 3 per centum per annum compounded annually. The Secretary of the Treasury shall submit annually to the Bureau of the Budget an estimate of the appropriations to be made to the Account.
(b) It shall be the duty of the Secretary of the Treasury to invest such portion of the amounts credited to the Account as is not, in his judgment, required to meet current withdrawals. Such investment may be made only in interest-bearing obligations of the United States or in obligations guaranteed as to both principal and interest by the United States. For such purpose such obligations may be acquired (1) on original issue at par, or (2) by purchase of outstanding obligations at the market price. The purposes for which obligations of the United States may be issued under the Second Liberty Bond Act, as amended, are hereby extended to authorize the issuance at par of special obligations exclusively to the Account. Such special obligations shall bear interest at the rate of 3 per centum per annum. Obligations other than such special obligations may be acquired for the Account only on such terms as to provide an investment yield of not less than 3 per centum per annum.
(c) Any obligations acquired by the Account (except special obligations issued exclusively to the Account) may be sold at the market price, and such special obligations may be redeemed at par plus accrued interest.
(d) The interest on, and the proceeds from the sale or redemption of, any obligations held in the Account shall be credited to and form a part of the Account.
(e) All amounts credited to the Account shall be available for making payments required under this title.
(f) The Secretary of the Treasury shall include in his annual report the actuarial status of the Account.
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