BoatBanter.com - View Single Post

wf3h[_2_]

On Sun, 15 May 2011 15:06:40 -0400, wrote:

On Sun, 15 May 2011 13:17:27 -0400, wf3h wrote:

On Sun, 15 May 2011 13:13:48 -0400, wrote:

the system is broken because it serves the interest of the powerful to
have it that way. if there are no controls then it's impossible to put
any checks and balances on the 'supply side' fundamentalist right wing

and they're fine with that.

The entitlement system is broke because of demographics, no more no
less.

partially true. the collapse of our economy, engineered by the right,
is the real reason we're broke

You started out with 35 or 40 payers per retiree in 1935 and people
were only expected to collect for a couple of years if they lived that
long. Now we have 3 workers per retiree and they will collect for 18
years.
It is simply unsustainable. The whole concept of a trust fund is
fantasy, invented in 1939 to fund the build up for WWII.

what's also unsustainable is the massive increase in healthcare costs
we face, again, engineered by the 'free market' fundamentalism of the
right.

at ever turn the right has ensured that privilege, not merit, was the
name of the game in the US.

BTW did you see how Geithner is extending the debt ceiling? He is
taking money from the federal pension program. I am surprised nobody
is raising hell about that.

we have no choice but to extend the ceiling. our debt wouldnt be
serviceable if we didnt