On Mon, 01 Apr 2013 18:06:33 -0400, wrote:

On Mon, 01 Apr 2013 14:24:36 -0700, Urin Asshole
wrote:

On Mon, 01 Apr 2013 14:04:48 -0400, wrote:

On Mon, 01 Apr 2013 10:43:55 -0700, Urin Asshole
wrote:

On Sat, 30 Mar 2013 17:02:16 -0400, wrote:


You can call SS a Ponzi, but that's just your and your right wing
****head's view. It's a promise.. made by some of the people in this
country to other people in this country.

That is what Bernie said

You're disputing it's a promise made to seniors and unfortunates
who've lost parents? That's what Stalin said. (yeah, I'm kidding)

It is a promise but it is an unfunded promise. The Trust Fund is just
a line item on the national debt.


And, how exactly would you prefer it to be funded? Perhaps in gold
bullion? Or, in a 100% risk free account... like perhaps one
guaranteed by the full faith and credit of the US? Oh yeah, you're
full of it.

That is the main flaw in the plan. There is no real way for the
government to save money since they don't back currency with any hard
asset.

They back it with the faith and credit of a country that has never
defaulted on it's debt...NEVER by statute.

Money is simply whatever the fed says it is. If they "save" money it
is the same as reducing the money supply.

Feel free to hoard gold. I'm sure there's a supermarket somewhere
that'll take it.

SS should have always been, what it was for 73 years, pay as you go
but that would have required raising the retirement age and increasing
the FICA tax.

It's still pay as you go. 100% for the next 25 years and beyond that
forever at close to 100%.

Reagan and Clinton both did things along those lines but nobody has
tried it since.

Reagan did ****. http://home.adelphi.edu/sbloch/deficits.html

They should have adjusted the tax rate to reflect actual costs, as the
system was originally designed.
Unfortunately in 1939-40 it became apparent they were accumulating a
big pot of unspent money and so they started spending it, putting an
IOU in the box.


You're such an expert. You should run from something... like your
paranoia.