US Comptroller on 60 Minutes: America is facing total collapse

Quote from piezoe:

Eliminate Medicare, fine by me, it's a disaster. In fact let's eliminate the entire US medical system -- it's a hopeless mess. But, come on now, you've got to be joking when you say eliminate social security. You want to eliminate a government program that actually produces a surplus each year? One of the few government programs that's worked beautifully, exactly as intended. And what's more, only minor tweaking is needed to make it financially sound for the rest of this century. To guarantee the same monthly benefit with any private investment program you can come up with, you'll have to put aside a lot more of your hard earned money every month than you're paying now into S.S. And where is the government going to get the money it needs to kill people in Iraq if it doesn't have the social security trust fund to borrow from? [/QUOT

thank you mr. ponzi.
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Quote from Vinny1:

People pay 7.65% in social security taxes (15.3% if you are self-employed). If government eliminated social security, senior citizens would be rioting in D.C.

In my opinion, they should just eliminate SS taxes for current workers, and people could take that money and invest it themselves.
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There is a segment of the population that would not participate in investing. I think that dumb, but they're there. How would you propose they be handled?

Don, feel free to jump in on this answer. There really is an entitlement class who will be screaming bloody murder if your plan were to be. :)
 
There is a segment of the population that would not participate in investing. I think that dumb, but they're there. How would you propose they be handled?

Don, feel free to jump in on this answer. There really is an entitlement class who will be screaming bloody murder if your plan were to be.

forced institutional investing, like OPERS or CALPERS.

The problem with the entitlement class is that they are encouraged by liberals. It is not only ok to demand far more resources than you contribute, it is your right to do so. This has been pushed beyond belief: 80 year old geezers are kept alive strapped to a nursing home bed to the tune of $100k a year, people are getting fat on welfare and then getting medicaid paid stomach stapling surgey, barely alive preemie crack babies are saved at taxpayer expense, they will never be productive people and cost millions over their lifetime. Thanks a lot democrats -you fuckers, you have done a far better job than Bush and Wall Street at bringing down the financial house.
 
Mav88,

make them into biofuels or something?
Babies should work up a debt when they're born?
Old people can have their belongings nationalized?

Numerous solutions along your line of thinking. Light the furnaces! Gas chambers will make it painless and effective...
:)
 
Oh yes, how utterly gay, the old Nazi line of attack- use it when all else fails and you have no effective arguments. Of course letting nature takes its course is the exactly the same as being a Nazi... why are libs so damn dumb?

freedom is dead, we are doomed to bankruptcy
 
Mav88,

so what IS your solution to crack babies, fat people and old corpses held artificially alive?
How do they pay their dues? You DO understand that you are promoting authoritarian rule?


Heard of a mixed economy before?
:p
 
I have spoken with health care providers and social case workers. Simply allowing a 3 month preemie crack baby to pass is almost universally accepted as compassionate, instead of years of tortuous and costly intervention for a profoundly disabled human. Allowing the 80 year old on full life support to die is regarded as humane, even by the families of the patient in many cases. How about fat people simply eating less? or like we are telling Wall Street that people should just live with their own bad judgment instead of getting a gov't bailout?

But oh no, by the time the discussion gets to the floor of the house or CNN, the libs are out with their "you are a racist, selfish, cold hearted, NAZI" and 'we care more than you' type rants that always seem to carry the day because it just sounds better in political debate and imagined feelings matter more than fiscal reality.

Well to those of us that care about the true welfare of the most people, not the feel-good crap of the libs, it's extremely irritating. The fact is that the dumbasses are the majority and conservatives are too afraid so all that can happen now is waiting until bankruptcy.

Heard of using logic in a world of scarce resources before?
 
Quote from Cutten:

The trouble is that you don't *get* any retirement savings. You get a crappy pension that will barely pay your fuel bills in a few years, and it is drawn against current spending, NOT savings because none were built up during the time you paid the tax - it was all spent each year.

Work out how much money retired people would have if they saved 13% of their income and invested it each year. Then compare to how much money they will get under the existing SS program. It will quickly become apparent that the system is total larceny.
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Once again, 13% is not assigned to 'retirement saving'. That is ONE component: the other two components are 1) disability insurance and 2) survivor insurance.

As I stated earlier, for 95% of the population SS is the BEST investment they will ever make.

- It pays out no matter how long you live

- It is indexed for inflation.

- Within the 3rd year of receiving benefits you have recouped ALL of your contributions plus.

- You do not have to worry WHERE the market is at the time of your retirement.

It is NOT 'larceny': it is INSURANCE.
 
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