The item you selected is unavailable, but we found something similar.

Picture 1 of 1

Stock photo

THE LOOTING OF SOCIAL SECURITY: HOW THE GOVERNMENT IS By Ph.d. Allen W. Smith - Picture 1 of 1

The Looting of Social Security : How the Government Is Draining America's Retirement Account by Allen W. Smith (2003, Trade Paperback)

5.03 product ratings

ZUBER (237978)
98.1% positive feedback

Price:

$21.95

Free shipping

Estimated delivery Tue, May 14 - Sat, May 18

Returns:

30 days returns. Seller pays for return shipping.

Condition:

Like New

THE LOOTING OF SOCIAL SECURITY: HOW THE GOVERNMENT IS DRAINING AMERICA'S RETIREMENT ACCOUNT By Ph.d. Allen W. Smith **Mint Condition**.

About this product

Product Information

Every cent generated by the 1983 Social Security tax increase--money ostensibly earmarked and saved for the retirement of the baby-boom generation--is gone, spent by our government. But most Americans are ignorant of the crime. The emptying of the Social Security Trust Fund is the greatest fraud ever perpetrated on the American public, and acclaimed author and economist Allen W. Smith reveals how George W. Bush and Congress are pulling it off. While George W. Bush has repeatedly condemned "corporate wrongdoers," he is guilty of fiscal mismanagement and outright deception that makes Enron and WorldCom pale in comparison. Smith explains the history of Social Security from its inception in 1935 to the present, including the enactment of the 1983 Social Security tax increase. Then, step by appalling step, he details how the government's promise to the American people--a pledge to never spend the Social Security funds--was broken by every succeeding administration. Sadly, The Looting of Social Security quite simply reveals how George W. Bush has stolen more than $3 trillion of Social Security money to fund tax cuts for wealthy Americans while robbing many of their hard earned money and their rights.

Product Identifiers

Publisher
Basic Books
ISBN-10
0786712813
ISBN-13
9780786712816
eBay Product ID (ePID)
6013383

Product Key Features

Book Title
Looting of Social Security : How the Government Is Draining America's Retirement Account
Author
Allen w. Smith
Format
Trade Paperback
Language
English
Topic
Political Economy, Public Policy / Social Security, Personal Finance / Retirement Planning
Publication Year
2003
Genre
Business & Economics, Political Science
Number of Pages
256 Pages

Dimensions

Item Length
8.2in
Item Height
0.8in
Item Width
5.5in
Item Weight
11.6 Oz

Additional Product Features

Target Audience
Trade

All listings for this product

item 1 The Looting of Social Security: How the Government Is Draining America's...
$5.59
Free shipping
item 2 The Looting of Social Security : How the Government Is Draining A
$6.50
Free shipping
item 3 The Looting of Social Security : How the Government Is Draining A
$6.50
Free shipping
item 4 THE LOOTING OF SOCIAL SECURITY: HOW THE GOVERNMENT IS By Ph.d. Allen W. Smith
$21.95
Free shipping

5.0

5.0 out of 5 stars based on 3 product ratings

3 product ratings

3 users rated this 5 out of 5 stars
0 users rated this 4 out of 5 stars
0 users rated this 3 out of 5 stars
0 users rated this 2 out of 5 stars
0 users rated this 1 out of 5 stars

Most relevant reviews

5 out of 5 stars
by 8YisYRMDSyq@Del...Mar 29, 2008
The Looting of Social Security
This book is a real eye opener,and shows the shameless looting of our Social Security Trust fund by our elected officials. President Regan and President Bush senior and junior could not do away with the big government that none of them liked,so they gave tax breaks to their rich friends when their was not enough money to pay for it. When our country goes bankrupt there will be massive cuts in government programs affecting millions of average Americans and the Conservative Republicans will have eliminated the Big Government they hate. Wonder if the ever thought of the suffering this will cause to the average America.They used our Social Security Trust Fund money to pay for tax breaks for the wealthy. Any one want to guess what the National Debt is and who is paying the interest on this debt? We as Americans are going to paying for it and our great grand children will too. What our government officials did and are still doing is criminal and its called "Embezzlement" Our elected official are now worried that there will not be enough money to pay all of us Baby Boomers that are going to retire in the next few years. Maybe they are planning on raising the Retirement Age to eighty five. Maybe the could stop stealing our money and stop giving big tax breaks to wealthy donors. They could start obeying the federal law against using our Social Security money to pay for the other government programs. EVERY AMERICAN NEEDS TO READ THIS BOOK. EVERY AMERICAN NEEDS TO READ THIS BOOK!!!Read full review
5 out of 5 stars
by jwe_dc59Mar 02, 2011
How Americans Have Been Ripped Off
In 1983 Alan Greenspan headed up a commission to develop a plan to keep Social Security solvent, part of that plan was to prepare Social Security for the large number of retirees from the baby boomer generation. This plan increased the FICA taxes so that baby boomers not only paid for current S.S. beneficiaries but also prepay towards their own benefits. The result was that S.S. would start running surpluses which were intended to be invested and drawing interest so that when the strain of the baby boomers retiring started in 2017 that money could be pulled to pay full benefits until 2043. This surplus money was called The Social Security Trust Fund and it was suppose to be kept apart from government revenue and not used to pay for government expenses only those expenses that arose as a result of S.S., and Medicare. Whatever was left was meant to be invested drawing interest so it would be ready when S.S. needed it. The government, President and Congress, had different ideas about this money and despite the fact that this was FICA tax money, not normal revenue, the government began using the surplus as soon as it began to accumulate. FICA is a tax people pay into, but not equally. The majority of working Americans pay this tax on all of their income, however those with incomes above a certain amount only pay FICA on that amount and no more. So Bill Gates would pay just as much FICA as an upper income married couple and no more. This goes for all the wealthy above a certain income. The kicker is this, when the surplus money was used to give tax cuts by H.W. Bush and later by George W. Bush, it was not the working Americans who benefited the most, it was that group of wealthy who in reality had not paid a fair share towards FICA but received billions as a result of the tax cuts. So FICA tax money, money that came primarily from working middle Americans was GIVEN to the top income levels and the top 5% got the most. This book is about how politicians have, over the last 25+years committed fraud and embezzled money from working Americans and gave it away to the top 5% of the wealthiest people in the United States. Politicians on both sides hope that the public remains ignorant of this fact and goes on believing the lies they are telling about how Social Security is increasing the deficit. The truth is this, there should have been a surplus of 2.5 TRILLION dollars in the S.S. Fund, not including interest earned. Instead the government stole it from us and gave it away to the wealthy. Alan W. Smith, Ph.D. doesn't take sides he just reports on the data that he has uncovered and kept track of for a little over three decades. He has been on a constant vigil to educate, inform, and try to correct this terrible injustice to middle class Americans.Read full review
5 out of 5 stars
by sellerbar_noneAug 30, 2011
A must read book - very imformative
I seriously wish everyone in the country had an interest in what this book has to say. It is very informative and whether or not you agree with the author, it makes you question what is going on with our SS. With this new inquisitive attitude, you gain more self value and question people who are supposed to have your best interest.

Best Selling in Books

See all

Current slide {CURRENT_SLIDE} of {TOTAL_SLIDES}- Best Selling in Books

Outlive Gifford Bil (2023,Paperback)
4.8 out of 5 stars based on 8 product ratings
$11.90 New
$8.99 Used
For Love of Country : Leave the Democrat Party Behind by Tulsi Gabbard (2024, Hardcover)
No ratings or reviews yet
$26.75 New
$10.99 Used
The Empyrean Ser.: Iron Flame by Rebecca Yarros (2023, Hardcover)
5.0 out of 5 stars based on 3 product ratings
$14.99 New
$10.86 Used
Ugly's Electrical References, 2023 Edition by Charles R. Miller (2023, Spiral)
4.9 out of 5 stars based on 15 product ratings
$11.19 New
$9.95 Used
Clydesdale Classics Ser.: Meditations : Complete and Unabridged by Marcus Aurelius (2018, Trade Paperback)
4.6 out of 5 stars based on 10 product ratings
$6.75 New
$4.33 Used
The Book of Enoch by Enoch (2017, Hardcover)
4.8 out of 5 stars based on 139 product ratings
$16.46 New
$12.76 Used
The American Empire Should Be Destroyed : Alexander Dugin and the Perils of Immanentized Eschatology by James D. Heiser (2014, Trade Paperback)
5.0 out of 5 stars based on 2 product ratings
$15.68 New
$11.67 Used

Save on Books

Current slide {CURRENT_SLIDE} of {TOTAL_SLIDES}- Save on Books

Sailor Moon Raisonne ART WORKS 1991~2023 Normal Edition Book Only NEW
$35.94
Trending at $57.99
For Love of Country: Leave the Democrat Party Behind HARDCOVER 2024 by Tulsi ...
$25.00
Trending at $32.54
A Marketplace Book Ser.: The Candlestick Course by Steve Nison USA STOCK
$12.79
Trending at $14.00
The Geneva Bible 1560 Edition with Apocrypha Large Text Bible English Complete
$20.62
Trending at $21.20
Scientific Healing Affirmations: (1924)
$6.99
Trending at $7.79
Trading in the Zone: Master the Market Confidence (PAPERBACK) free shipping
$9.25
Trending at $13.45