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America’s Pension Bomb

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  • #31
    Originally posted by SRV Ron View Post
    However, it now contains billions in IOUs thanks to Johnson's War on Poverty that saw this huge pool of investment money they gave away to enslave the poor into voting Democrat. Money used to build the "Projects," now mostly abandoned and demolished. Money to pay teen girls to become brood mares. Money to promote generation after generation of non productive people that sit on their ever spreading bottoms all day, abuse drugs, drive around in their Cadillac, poison their minds with mindless crap on the big screen TVs, and producing litters of kids that raise themselves in the streets.

    The welfare money will vanish before SS goes bankrupt. When that happens, one had better be prepared for the zombie like riots that will soon explode nationwide in all the big cities ghettos.
    Did you understand my post #17 above?

    Funds paid into Social Security (basically another tax) don't get stuffed under the mattress or buried in a can in the back yard. Unless the "conflict of interests" issue can be resolved, they can't be invested in private sector such as stocks and bonds, so only option is to place it into the general fund and us it now, issue those "IOUs", and pay out from future general fund as needed (and if available). Accounts are kept, but it's not realistic to set "piles of cash" aside and expect such to "grow".

    A combination of general ignorance on economics, mis-perceptions on Guv'mint fiscal methods, and some of the dis-information to peddle the programs, like S.S., too many think these programs work like a commercial bank account would; which they can't.
    TANSTAAFL = There Ain't No Such Thing As A Free Lunch

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    • #32
      Yeah...but us old geezers are the only ones left who know how to make stuff work! Don't pay us - it all stops.
      Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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      • #33
        Originally posted by Mountain Man View Post
        Yeah...but us old geezers are the only ones left who know how to make stuff work! Don't pay us - it all stops.
        Amen to that, brother!

        GG
        "The will of a section rooted in self interest, should not outweigh the vital interests of a whole people." -Joshua Lawrence Chamberlain-

        "Fanatics of any sort are dangerous." -GG-

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        • #34
          The US still has a younger population than the average G7 Nation. 48 years of age.
          "Ask not what your country can do for you"

          Left wing, Right Wing same bird that they are killing.

          you’re entitled to your own opinion but not your own facts.

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