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Allen W. Smith,
- Winter Haven, FL
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- Something About Me and My Book:
- "Ronald Reagan and the Great Social Security Heist" traces the trail leading to Social Security's severe financial problems, beginning with the 1983 payroll tax hike. The surplus revenue generated by the tax increase was supposed to be saved and invested so it would be available for paying benefits to the baby boomers. Instead, all of the $2.7 trillion of surplus revenue was used as a giant slush fun to pay for non-Social Security programs. The money is gone and Social Security is now running annual budget deficits...
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- http://www.thebiglie.net
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