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posted to rec.boats
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First recorded activity by BoatBanter: Apr 2010
Posts: 3,578
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OT entitlements (was lighthouses)
"Canuck57" wrote in message
...
On 11/06/2010 11:53 PM, wrote:
On Fri, 11 Jun 2010 21:49:15 -0700, "nom=de=plume"
wrote:
I will lay that on every administration since Eisenhower. He was the
last one who actually wanted the government to live within it's
budget. Goldwater predicted this Social Security problem in 1964, when
we might have actually been able to do something about it. .By 1970
the die was cast and anyone who actually looked at the demographics
knew SS was going to go broke. The only arguments was when. In spite
of that nobody was willing to propose the fixes that would actually
save the system (later retirement ages, stopping the unrealistic
growth in benefits and means testing the benefit). They nibble around
the edges of this but they will not take the steps necessary to fix
it.
Greece is looking the same basic problem in the face, with a EU gun at
their back and they will have to make the changes. Let's see how that
works out.
We are in no way comparable to the Greek economy. SS is solvent now and
can
be fixed. The sky isn't falling.
The sky isn't falling yet but SS is clearly living beyond it's means.
We are borrowing money to make up the difference. The same is true of
Medicare.
But collapse is inevitable at this point. Politicians don't have the
balls to do what is needed. It is almost assured to be some kind of
collapse.
People have yet to ask why everyone is taking cutbacks but the government
is fater, lardier, and more elitest at every turn.
Certainly not sustainable, but I now submit economic collapse to new lows
is a mater of time, and not if.
--
Taxation, modern day slavery. The loss of economic freedom.
No. You're just a frightened little boy. Go hide under the bed. We'll tell
you when to come out.
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