Social Security News

 

1. I did NOT read it.

   SS is ‘out of cash’ already. That’s why SS relies on taking from me NOW to pay benefits NOW.

   There is no ‘trust fund.’ The so-called ‘trust fund’ is not invested in stocks (Thank God for that… the Fed would have controlling interest in everything then… I think the word for that is Facism...)

   But I digress… the ‘trust fund’ consists of US Gov’t bonds. A ‘bond’ is an IOU. The Gov’t has already spent the money and promises to repay it by stealing more money from you and me at gunpoint.

   Of course, viewed from that perspective, Gov’t bonds are a ‘safe’ investment. You will get your money back… barring civil war that actually overthrows the Gov’t. What you won’t get is a decent return on your investment.

   Posted by Christopher       03/07/2005  at  07:37 AM  



2. Christopher has it right.

   It ain’t ‘pay as you go’. Hasn’t been since
   Eisenhower.

   It is ‘spend as it’s taken’. And the Dems
   are the spenders.

   Kids know this ain’t gonna work. They’ll
   fix it.

   Posted by Steel Turman       03/07/2005  at  08:33 AM  



3. OLDCATMAN Sees the Light!!!

   Ding, Ding, Ding!!!

   A Privitization Baptism.

   Medicare is NOT insurance.  Medicare pays costs from current taxes, period.  The same 2 young smucks, paying Social Security (SS) taxes for 1 retiree’s Ponzi Scheme, is also the same 2 young smucks paying Medicare’s Current Costs as well!!!!  Medicare is also a “Pay As You Go” system exactly like Social Security.  The tax payers will suffer without reforms in BOTH programs.

   When government partners with corporations to create a monopoly, that is a special type of Socialism.  Competition is manditory for free and open markets which keeps costs down and quality up.

   OLDCATMAN knows the problem if he worked for Blue Cross and their FederaL Government contracts.  Very well said OLDCATMAN, you Democrat turn coat.  I’m not saying Blue Cross is a Monopoly just because they have 10 million people just in Michigan and Florida. Personally, I think no insurance company should have more than ONE Million people per state.

   If you are under 30 years of age now, you better have million(s) at 65 years of age, if you don’t want to get down on the knees of yor heart, in retirement, and beggin’ a BUREAUCRAT for a handout when you are old and senile.

   I’m goin’ to stop throwin’ darts at OLDCATMAN’s picture.  

   Posted by Z Woof       03/12/2005  at  02:29 PM  

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