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Can they still fund the Pentagon? Then they're not running out of either SS, Disability or food stamp money, are they?
When you have no money in your wallet but have a credit card you can never reasonably pay off without selling your children into labor, are you not broke?
We may have gotten rid of slavery, but having children born into a world where they are entrenched in national debt that was used to pay for a better retirement for their grand parents is more than slightly ****ed up.
When you have no money in your wallet but have a credit card you can never reasonably pay off without selling your children into labor, are you not broke?
We may have gotten rid of slavery, but having children born into a world where they are entrenched in national debt that was used to pay for a better retirement for their grand parents is more than slightly ****ed up.
Who's to say the US can't reasonably pay off it's debt? It's assets far outweigh debt
The problem isn't that U.S. can't pay off its debts, it is the massive inflation required to do so without cutting entitlements. Several key entitlements are indexed to inflation so as the government prints more money and uses it to pay the entitlements the inflation rises forcing the government to print even more money. The problem is that the amount of real physical goods represented by the indexed payments are higher than what our country can reasonably produce and hand over to people as entitlements when the person is not required to do a significant chunk of the labor.
That sucks for the retirees that worked hard their whole lives because SS was designed as a "pay as you go system", which every solid businessman knows is not a viable business plan.
The problem for the U.S. is not one of assets and liabilities but of income and expenses. The indexed payments out are growing but the volume of labor paying into the system is shrinking. In short, it is becoming too top heavy.
I work in a LTC/Rehab facility, and you wouldn't believe some of the characters that end up in this facility on either Disability or Medicaid!
Recently, a 45YO man went on a long Meth run, resulting in a stroke, right side of his body paralyzed, will never work again!
33YO man, crushed after losing his girlfriend, all but drank himself into oblivion, stroked out, will never work again!
25YO female crackhead, so irretreviably messed up physically, she'll never work again!
52YO male, shot himself 2X in the head, hospitalized for almost a year, piecing him back together, he'll never work again!
35YO Mexican male, left blinded by a rival gang member, no eyesight, and what program will he end up on?
Do I need to go on?
near me........husband 31,wife 32 BOTH on Disability SS for drug abuse in their 20's
They have more money than they can spend, have social service pay for a Monday - Friday caretaker to check in on them while they still buy prescription drugs from friends......steal prescription drugs from bedridden cancer patients and spend a lot of money on booze.
( the small jar of moonshine at $31 is their favorite)
Healthy enough to constantly go on walks, use computers, but not do any meaningful work to bring in money.
OF COURSE THERE'S NO MONEY LIFT IN SS.
Government has been raping social security fund forward and backward all over to fund corporate tax cut, war, and what other you name it. It's like government taking money out of your IRA & 401K to pay the bank and corporation. Let alone the principle lost but also lose out the growth potential over time.
I'd vote for anyone who can fix this problem by all means.
Disability is a separate part of SS and funded independently. SS itself is a stand alone program and by law cannot have funds transferred from general fund. Read the Breaux commission report and it tells two options for both to meet outflows.
OF COURSE THERE'S NO MONEY LIFT IN SS.
Government has been raping social security fund forward and backward all over to fund corporate tax cut, war, and what other you name it. It's like government taking money out of your IRA & 401K to pay the bank and corporation. Let alone the principle lost but also lose out the growth potential over time.
I'd vote for anyone who can fix this problem by all means.
Quote:
Originally Posted by texdav
Disability is a separate part of SS and funded independently. SS itself is a stand alone program and by law cannot have funds transferred from general fund. Read the Breaux commission report and it tells two options for both to meet outflows.
None of any of that matters. It's all accounting bull****.
Social Security is funded the exact same way the military is funded; the Federal government issues an order to the bank to increase the value of the recipient's checking account. Poof!
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