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DEBT FREE & TAX FREE SOCIAL SECURITY
PAYING FOR SOCIAL SECURITY WITH INTEREST FREE, DEBT FREE, AND TAX FREE MONEY
Instead of the United States Secretary of the Treasury (USST) issuing bonds to the bankers so your local bankers and credit unions can print money that is loaned the government to pay for Social Security, the USST should ISSUE INTEREST FREE, DEBT FREE, AND TAX FREE MONEY to pay for an interest free, debt free, and Tax Free Social Security System (IFDF&TFSCS). President Clinton had the right idea when he proposed a health care card (like a social security card) for all Americans but he failed to go to the heart of the matter... paying for it with interest free, debt free, and tax free government printed money instead of bank and credit union printed money. Like an an interest free, debt free, and tax free health care system, an IFDF&TFSCS could easily be achieved simply by the President of the United States issuing an executive order to the USST the same way Abraham Lincoln issued interest free, debt free and tax free money (the Lincoln "greenback dollar") and the way John F. Kennedy issued executive order 111.10 (silver certificates) which is all that would be needed to make an interest free, debt free, and Tax Free Social Security System a reality.
The cost of printing money is almost zero. So, why should the bankers and credit unions who print the money they loan make profit from your taxes when the govenment could print the money interest free, debt free, and tax free, and issue it to an IFDF&TFSCS? This would save taxpayers billions upon billions of dollars which would be much better than tax cuts for the rich and super rich and by providing ALL Americans who are on Social Security with more power for spending and investing it would provide a tremendous impetus to the shift from a military based economy to a consumer based economy. As long as a one to one ratio between the production of goods and services and the total quantity of money is maintained monetary inflation is impossible. There is absolutely no reason why the United States governmnet can not make an interest free, debt free, and tax free IFDF&TFSCS a reality. Here is how it could be done.
Flow of Funds & Loan Paper
IFDF&TFSCS = Interest Free, Debt Free & Tax Free Social Security System
USST = United States Secretary of the Treasury
(1) All existing and future Social Security card numbers would simply be transferred to the IFDF&TFSCS.
(2) IFDF&TFSCS sends notification of approved IFDF&TFSCS cards to USST to have USST set up an account for each approved Social Security card.
(3) All IFDF&TFSCS payments would then be paid to the approved applicant using money issued by the USST interest free, debt free, and tax free.
It's that simple.
UNIVERSAL HEALTH CARE COULD ALSO BE PAID FOR USING USST MONEY PRINTED INTEREST FREE, DEBT FREE, AND TAX FREE (click on the Tax Free Single Payer Universal Health Care System web link below).
Tax Free Social Security
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