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April 2023

By Anthony J. Sanders

Annual Social Security Underwriting Reports Examination HA-17-4-23

Don't pandemic. Echinacea cures COVID, RSV and flu. The Echinacea Recount Agenda at the end of this brief will permanently place on the agenda the repeal of adjustment to contribution base in Sec. 230 of the Social Security Act 42USC§430. The Board of Trustees will increase the OASDI payroll tax revenues by 27-30 percent, create a SSI Trust Fund to end child poverty by 2024 and all poverty by 2030. The Treasury budget calls upon Congress to vote to repeal the tax loophole or authorize the child tax credit in FY 24. The Wage and Hour Division will increase the minimum wage, by amending 29USC206(a)(1(D) to 'a base wage calculation of $10,00 an hour in 2022 with 3 percent annual raise for low-income workers - $10.30 2023, $10.60 2024 etc. The Treasury will secure a $535 billion tax-day loan from the Federal Reserve is sought to ease the cost of the $1,070 billion bill for uncollected back income taxes overestimates from 2021 and 2022, leaving the Treasury with a +/-$49 billion FY 23 31USC§5153. The Treasury would pay the Fed $25.4 billion, 4.75 percent interest today for the $535 billion tax-day loan to repaid FY 24 31CFR§203.2. The Fed is obligated to set the discount rate at 2 percent under 12USC§248(r)(2)(A)(iii), §343(3) and §357. Congress will rewrite 10USC498(f) to – 'Nuclear Non-Proliferation Treaty (NPT) Defined – The 2012 NPT Review Conference set a 1,700 deployed and 2,200 warhead limit on nuclear weapons. The United States is therefore obligated to recycle all nuclear waste and missiles in excess of the 2,200 warhead limit.' Department of Energy budget is cut to $40.2 billion FY 24, from $46.2 billion FY 22, by limiting nuclear weapons spending to 3 percent inflation since NPT compliant in FY 17, plus any revenues to be made from recycling nuclear weapons and heating and cooling railcars recovered from the NOAA SST Anomaly Map.

Treasury Balance Contribution HA-12-4-23

FY 23 is a challenging year for the Treasury Balance, but it should be able to afford FY21 and FY22 Combined Statement income tax fraud FY 23, with $34 billion to spare, provided irregular spending on the IRS and clean energy, etc. is prohibited, without exception. The onset of the COVID pandemic increased spending and deficits to records levels. Actual on-budget spending increased 45 percent from $3.3 trillion in 2019 to $4.8 trillion in 2020 while receipts declined -3 percent from $2.7 trillion in 2019 to $2.6 trillion in 2020. The actual on-budget deficit is estimated to have increased to 10.5 percent in 2020, despite spillover from the overestimation of the payroll tax from the HI Trust Fund. The 2020 payroll tax overestimate was purchased for its estimated value of $200 billion by the Treasury Balance FY 22 and is now reported, as overestimated in the official record. The off-budget OASDI Trust Funds did make a good faith $36 billion repayment in 2021. FY 21 the actual on-budget surplus went down to 6.8 percent of GDP and in FY 22 to -2.4 percent of GDP although debt sales remained excessive, and initial estimates predicted an excessive deficit. In this brief, subsequent on-budget income tax overestimates FY 21 and FY 22 are adjusted to estimate the $1,070 billion purchase price to the Balance, before the worthless official overestimates can be admitted, in future studies. Costs of market insurance was more underestimated than balance contribution and the FY 22 end balance was only $470 billion. The lesson this tax-day, April 15, 2023, other than investment income, the lion’s share of Treasury balance contribution is estimated by subtracting actual outlays from gross federal debt accumulation for that year. Market insurance payments are estimated by subtracting 3 percent of GDP from ‘other’ public debt sold to the public. Furthermore, Treasury and Office of Management and Budget must reform their accounting practices, to stop overestimating outlays by design, by exactly entering the true amount of Cabinet spending in the reformed government outlays by Agency ledger, and between 2020 and 2022 cheating on taxes, and not collecting student loans, at great cost to the Treasury balance.