This from an email:
‘These three, short sentences tell you a lot about the direction of our current government and cultural environment:
1.) We are advised NOT to judge ALL Muslims by the actions of a few lunatics, but we ARE encouraged to judge ALL gun owners by the actions of a few lunatics.
2.) Seems we constantly hear about how Social Security is going to run out of money. How come we never hear about welfare or food stamps running out of money? What’s interesting is the first group “worked for” their money, but the second didn’t.
3.) Why are we cutting benefits for our veterans,no pay raises for our military and cutting our army to a level lower than before WWII, but we are not stopping payments to illegal aliens such as monthly payments for each child,money for housing, food stamps, free education including college and also the right to vote?
Thanks JB for that.
Leftists/”progressives”/socialists are not welcome here. Pay for your own soapbox.
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Very well put. When social security was originally started, you put money into your social security account, and it was there for you when you needed it. But then the government borrowed money to fund its deficit spending, it eventually borrowed from the fund. So inevitably those who put money in will only get their money, if the government pays it back, or worse, they end up printing the money, which will cause a huge inflationary spike.
SS was also only intended for those people who were unfortunate enough to live to an age where they were too old to work.It was never intended to be a retirement plan.When it first became law the average age of death was 58 IIRC and the retirement age was set at 65.Do the math.
But then we had to add benefits for dependants and shorten the buy in period.As it stands now many new immigrants that haven’t paid into the system can be eligible for benefits in as little as 7 years.But somehow despite all this we are assured SS is secure and will be there when we reach retirement-riiiiight…..
Not many also realise that SS was created by government in response to a situation created by government namely the great depression.Lost to the ages is the fact that the Federal Reserve,which was created to secure the money supply and keep the money supply available to the banks in the event of a run failed in it’s core mission.This caused the run on the banks and the collapse of the banks which wiped out any private savings and investments people close to retirement had.That was where all those starving old people living in the streets came from.
It’s just another example of government program mission creep.The road to hell is paved with good intentions and in this case a six lane expressway.
Well said Darin, I was actually going to say things from that angle, except that the other problem is that the government owes money to social security. In 1985, Paul Volcker Fed chairman said we are in a very real sense living on borrowed money. So in that year, the government raided the social security fund, and replaced it with IOUs, treasury notes.
So now that they’ve done that, they are only concerned with paying when they need to, when people hit retirement age. But yes, I agree with every single word you’ve said. Its just the fact that the government has borrowed the whole lot it is a double wammy. Your getting hit in more than one direction. That’s why I say I only trust silver. And I’m finding it almost impossible to find $25 NZ enough to buy silver on Trademe. The auction price will start at a dollar, and will go up to more than $25. Yet the stated market price has hovered around $25 to $27 for the last month.
I don’t know man. I retired at 62 and took the lowest “benefit” because I figure SS was broke and simply wanted to get a small share. That was 7 years ago. For sure, I have gotten more than I paid in.
Yup,it used to be 12 workers paying in for every 1 getting benefits.Now it’s 4:1 don’t see it going on much longer,you might want a backup plan Contempt.
Perhaps I could move in your cave?
Sure,might ask you to go out on the occasional raiding party,don’t worry you can have choice of truck driver or roof turret gunner
!!!USBC!!!*Yours verily trulililily feels yvt must state the truth that even down here in BlackBerry’s Underground Kompound various trending mercenary cash basis events are occurring primarily to continue funding drones, green fees and vacation outings. More on this later, YVT, HarvardPotatoHead, a friend in need is a friend in deed. A big shout out to our friends down there in our 56-57th Steaks!!!
*USBC – U still broke Cointempt. U N D same sinking boat like everybody elst.
“Yup,it used to be 12 workers paying in for every 1 getting benefits.Now it’s 4:1 don’t see it going on much longer,you might want a backup plan Contempt.”
The Soviet Union lasted about 70 years – and if we accept the date of 1933 as the birth of AMSOC – American Socialism – under Roosevelt – Then I’d say America is past the due date for the inevitable economic collapse.
Can’t come soon enough!
That email could have been about Britain were it not for the mention of food stamps. How can a whole planet be broke other than by design? Check Agenda21, the cull is becoming overdue. Get yer tin hats ready, there’ bombs a gonna rain down. Either that, or the old (and wise) get culled by Medicare NotCare, NHS etc.
I could say the same about New Zealand too. And with agenda 21, I can’t see us going anywhere as a nation with that noose around our neck.