Discussion of Baby Boom Benefits: A Parametric Analysis

--- In FORUM_FOR_DISCLOSURES@yahoogroups.com, "Alan Dicey" <adicey@...> wrote:

Dear Paul,

This is incredible!!!

I have never heard the Social Security Nightmare so clearly explained,

and in terms anyone can understand!!

Thank you very much.

I have learned a lot with your message.

Like I do with many of your emails.

Keep up the great work, we all appreciate it!!!

With Best Regards,

Alan Dicey

Miami, Florida

-----Original Message-----

From: FORUM_FOR_DISCLOSURES@yahoogroups.com

Sent: Tuesday, May 30, 2006 1:59 PM

To: jack topel

Subject: FORUM FOR DISCLOSURES

Re: Paul, could you clarify this Re: "using illegal aliens

to postpone Social Security's inevitable failure”?

A Ponzi Scheme is a mathematically impossible "pyramid",

the base of which must continue to expand in order to sustain

the scheme. If the base of this pyramid does NOT expand,

then the scheme fails (i.e. participants no longer receive

benefits, which flow from bottom up in this pyramid structure).

http://www.supremelaw.org/ref/ss/baby.boom.benefits.htm

http://www.supremelaw.org/ref/ss/ (Table of Contents for SS)

Our Parametric Analysis concluded the following JUST FOR BABY BOOMERS:

Summary:

Cumulative cost of Baby Boom benefits (18 years):

$7.9 trillion (total)

Annual cost of Baby Boom benefits (2020-2025):

$655 billion (per year)

Now, just where is Congress going to get that much money,

NOT COUNTING those who are already receiving benefits

from the Social Security scheme? For specific data,

see The Wall Street Journal article published in the

Summer of 2000 here:

http://www.supremelaw.org/ref/ss/

There is no "trust fund" because the "surplus" has been

spent and replaced by government IOUs. "Surplus" is

the government's way of describing the difference between

SS taxes collected and SS benefits paid IN ANY GIVEN YEAR:

it does NOT describe a positive balance in any "trust fund"

because there is no trust fund, as such.

As soon as the difference between tax receipts and benefits paid

goes negative, you'll know that SS has started to fail.

We predict that this should occur beginning in 2008 (1946 + 62).

One typical bureaucrat's solution is to continue expanding

the pyramid's base, in this instance by inviting aliens to join

the program. They need SSNs for driver's licenses and

State-issued IDs in California, so they effectively join

the American majority -- by getting SSNs as soon as they

enter this country.

Given the current size of the Ponzi Scheme's "base",

it will require AT LEAST 5 to 10 TIMES the size of the Baby Boom

in order to sustain Social Security through all 18 years

(5 to 10 paying in, for every 1 taking money out).

(Actually, I tend to believe that a 30-to-1 ratio will be

required to maintain SS solvency, but that ratio frightens

most people into outright disbelief.)

About 4.2 Million Baby Boomers will retire each year

for each of those 18 years, so just compute backwards

in order to arrive at the amount of SS taxes that must

be collected in order to pay each new Baby Boomer

$1,000 per month (i.e. 4.2 Million x $1,000 per month x 12).

And, just scale that $1,000 downwards, if Congress is forced

to reduce SS benefits out of economic necessity.

THIS AMOUNT IS $50.4 BILLION ADDITIONAL SS TAX REVENUES

REQUIRED TO BREAK EVEN, EACH YEAR, FOR 18 YEARS

BEGINNING IN 2008. SO, WHAT NUMBER OF ADDITIONAL

SS TAX "PAYERS" ARE REQUIRED TO COLLECT THAT

AMOUNT IN ADDITIONAL SS TAX REVENUES DURING

EACH OF THOSE 18 YEARS?

Are the numbers starting to sink in yet?

If not, just compute the number of new SS tax "payers"

that will be required to generate $50.4 Billion each year,

if each "payer" contributes $100 per month into this scheme!!!

Answer: $50.4 Billion / $1,200 per year per payer

= 42 million new payers who must be added to the pyramid

EVERY YEAR FOR 18 YEARS.

That means that 84 Million must be added by the end of 2 years;

126 Million must be added by the end of 3 years; and so on,

until the oldest Baby Boomers are expected to die:

We assumed that average life expectancy would be 75 years

(about 2 years sooner than the currently published life

expectancy for Americans, regardless of gender).

I've been predicting for 15 years that Social Security

will fail, starting in 2008.

I honestly don't think that enough aliens can be encouraged

to migrate into the USA fast enough to save Social Security.

Nevertheless, the government continues to lie and withhold

these crucial statistics from the majority who are too naive

to doubt the pronouncements that issue from D.C.

Meanwhile, we are bombarded with a debate which does

one thing: it effectively distracts almost everyone

from the inevitable consequences of squandering

all prior SS tax receipts that SHOULD have been invested,

like any proper trust fund, rather than being spent

and replaced with worthless IOUs.

Sincerely yours,

/s/ Paul Andrew Mitchell, B.A., M.S.

Private Attorney General, Criminal Investigator and

Federal Witness: 18 U.S.C. 1510, 1512-13, 1964(a)

http://www.supremelaw.org/decs/agency/private.attorney.general.htm

http://www.supremelaw.org/index.htm

http://www.supremelaw.org/support.policy.htm

http://www.supremelaw.org/guidelines.htm

From: Paul Andrew Mitchell <paulandrewmitchell2004@yahoo.com>

Subject:

using illegal aliens to postpone Social Security's inevitable failure

Date: Tue, 30 May 2006 03:25:57 -0000

http://www.supremelaw.org/ref/ss/baby.boom.benefits.htm

http://www.supremelaw.org/ref/ss/ (Table of Contents for SS)

They're doing this to expand the base of the Ponzi Scheme:

the base of this pyramid scheme must expand for it to

continue working as it has in the past.

In this way, the inevitable failure of this scheme

can be postponed just a few more years.

When we shared copies of our Parametric Analysis above

with a few lawmakers, the ongoing debate about SS

came to a screeching halt.