For the past 25 years, millions of average working Americans have over paid their social security taxes by billions of dollars annually. Politicians have not only spent those social security tax over payments, but turned every dollar of over payments into new special obligation bond, or IOU debt, and have been charging you interest on the over payments as well.
Hereç—´ what Floridaç—´ 5th congressional district Congress Woman said about this taxing scheme in a recent email to Jim Gries, founder of AmeriCareToday:
For too long, Congress has gambled with Social Security and its surplus Lawmakers have engaged in an accounting shell game to pay other debts with taxpayers hard earned retirement dollars. This practice is irresponsible and should be stopped immediately.
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