Quote:
Originally Posted by Stu from NYC
Social Security is not meant to be a way of transferring money from rich to others but a pension system so you more or less get back what you put into it.
To me the best way to fix this is to increase the retirement age on a gradual basis to somewhere in the early 70's and keep increasing the age as our lifespans increase.
When they started this shell game and payments started at 65 they kind of forgot to remind people that the vast majority would not live that long so they amassed a large nest egg that the govt decided to borrow with so far no intention to repay.
And remarkably we keep voting in the same people who have mismanaged our economy for years and years.
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We the people, all people are the same and have always been the same. We want, we demand and yet we think someone anyone but us should pay.
Government of the people by the people and for the people and all that stuff. Government will do what we demand. We demand more and yet we say any body but us should pay for it
The national debt, last time I collected my courage enough to look is 29 Trillion dollars.
Does anybody think as I do? First thing is how many of us understand what one trillion dollars is let alone 29 of them? If, we inherited a billion or so and decided we wanted to pay off part of the national debt, who would you make the check out to? Simple questions sometimes seem funny or foolish.
The answer is a rude awakening. Many would say China. The reality is shocking.
Last time I looked, it was Japan and China. We owe slightly more to Japan than to China. More important, more shocking is that we owe about 20% of the national debt to
Japan and China together. Social Security holds 40% of the national debt. The reality,
we are buying our own debt. As said elsewhere if any company was being run this way
we would, we should demand our government close it down.
We are the problem. We fight among ourselves. We refuse to see the real problem
we blame anyone but ourselves. Sadly, throughout history that has been and will continue to be so.