If your goal is to destroy the faith that the American people have in government itself, allow Social Security to continue and eventually go broke. I can think of nothing that would shatter the social contract more than this one move.
There are two novels that can change a bookish fourteen-year old's life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.... John Rogers
What I find odd is that no mentions that the baby boomers will have started to die off in droves by 2037, hence cutting amount needed. The first baby boomers will be 90 by 2037 and the "youngest" will be 73... So unless our average age is gonna explode up, then the baby boomers will start to die off very soon, and minimizing the problem in the long term.
Formula: Do nothing about increasing numbers of illegals known for not paying into the soicial security fund + the fund is already loaned out ie., empty! + Americans are living longer drawing more than before from the now enpty pot + increasing number of jobs leaving the U.S.
Result: An overthrow of capitalism or to put it another way; the end of America as we know it. I don't care because I'm 63 so I'll selfishly take my money and die not caring about people behind me. God Bless America!
Think if Trump get elected how much resistance he will face with in all phases of our country from people to military to politicians. He must not win.
SS only works if there is more people putting in than the people who are taking out. So it ONLY works if there is a constant population increase. Its EXACTLY the same system as a ponzi scheme except its a federally enforced scheme.
The main problem is that SS money does not generate any money besides what is put in my people. Most ponzi schemes invest the money, and are usually only caught when the investments go sour. SS is just a really bad ponzi scheme because there is no investment, there is no net gain and usually a net loss due to inflation.
SS is not even close to being a ponzi scheme no matter how many times it's repeated. The problem with SS is that money collected was used to pay for other things.
The problem is SS doesn't generate money. In fact, inflation and rising costs for living make the money worth less.
Wasn't that part of the whole debate about privatization? That if it was privatized then companies could actually generate money with the funds?
Calling all young people:
Start lining up for the yoke and harness. Be orderly. Be quiet.
Last edited by Dirty Harry; 02-01-11 at 04:13 PM.