View Single Post
Old 09-04-2011, 10:44 PM   #40
Vapepreab

Join Date
Oct 2005
Posts
549
Senior Member
Default
Well--how do you cut 1.7 TRILLION in one single year--(which is this years deficit) It's a great thought--but it couldn't possibly happen.

As far as social security you're right it is a bigger ponzi scheme than Bernie Madoff ever thought of. They take 12.4% (employee/employer contribution) for all of your working years--and if you're lucky enough to live that long--they give you back diddly sqwat in a monthly check. If you die and you're not married they just confiscate it.

But don't worry about your's---they'll just screw the generation behind you to fund your check.

Social Security and Medicare should have been privatized many years ago-- to where the Federal Government couldn't get their hands on it. They spend it on foreign aid--wars--and about anything and everything except what it was intended for--your old age.
Yep, we should have privatised SS and had it invested in sub prime loans..which was showing good return rates, so much so other financial entities just could not stay out of it. Let folks invest in Wall St, and then don't bail em out this next time!
Vapepreab is offline


 

All times are GMT +1. The time now is 04:16 AM.
Copyright ©2000 - 2012, Jelsoft Enterprises Ltd.
Design & Developed by Amodity.com
Copyright© Amodity