Censored Social Security Book Back in Print

WINTER HAVEN, Fla., Nov. 8, 2010 /PRNewswire/ -- When his book, "The Looting of Social Security: How The Government is Draining America's Retirement Account," was published by a New York publisher in 2004, economist and author, Dr. Allen W. Smith, thought his long battle to expose the truth about the Social Security trust fund was almost won.  But that book met with foul play and was removed from the market before many people had the opportunity to read it.

Early reviews revealed just how provocative the book was going to be.  The Boston Globe reported,  "... With dismal clarity, Smith lays out the step-by-step history of how a national pension plan was transformed into an outright shakedown of working people," and ALA Booklist said, "Smith has written a scathing account of massive fraud on the part of our nation's leaders, who have plundered every cent of the Social Security Trust Fund surplus that was specifically earmarked for the retirement of the baby boomers."

On February 26, 2004, Smith appeared on CNBC, to respond to Fed Chairman, Alan Greenspan, who had called for Social Security benefit cuts the previous day.  Dr. Smith held his book in front of the camera and said, "Alan Greenspan should be ashamed of himself for what he is not telling the American people." Smith now believes that his public challenge to Greenspan on national TV, may have been the final nail in the coffin of his new book, which was very critical of Greenspan's role in making the looting of the trust fund possible.

A few weeks after Smith's controversial appearance on CNBC, the book mysteriously disappeared from bookstores, nationwide, and was listed as "unavailable" by Amazon.com.  Smith's publisher refused to revert the publishing rights back to the author, so Smith could not legally publish the book elsewhere.  Smith finally regained the rights in 2008, and he thinks the book is urgently needed today to combat the misinformation that is being spread about Social Security.

A new version of the book will be released by Ironwood Publications on December 1, which will include a new forward written by Dr. Victor Stoltzfus, President Emeritus, Goshen College, and an afterword written by Dr. Smith that brings the book up to date.      

Available Topic Expert(s): For information on the listed expert(s), click appropriate link.

Allen W. Smith, Ph.D.

https://profnet.prnewswire.com/Subscriber/ExpertProfile.aspx?ei=37881

SOURCE Ironwood Publications

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