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Last edited by Superfluous Man; 10-29-2019 at 12:05 PM.
More complete blsht from drake;
Investors believe that their investment payouts are based upon profits that the item earns, the schemes
are short lived due to the exponential pyramid nature, investors have no idea that a hundred of them just paid off
two earlier investors and so on, in that fashion, there is nothing substantive to justify the characterization that
Ponzi and SS are the same thing or based on the same plan.
I've already explained these facts to you very clearly and you ignore them each time so fk off and have a nice life.
9/11 Thermate experiments
Winston Churchhill on why the U.S. should have stayed OUT of World War I
"I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"
"We as a country have lost faith and confidence in freedom." -- Ron Paul
"It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
9/11 Thermate experiments
Winston Churchhill on why the U.S. should have stayed OUT of World War I
"I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"
"We as a country have lost faith and confidence in freedom." -- Ron Paul
"It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
I would agree with this statement , some but not all of the first generation got a bit of a leg up on the system.
I can't say , on average, but of course there are some that have gotten lots more back through better life/health choices and dumb luck, and
then certainly some die at 30.
This brings us back again to the mismanagement of SS, there should be some kind of compounding
interest on the funds you contribute, and the program should be limited to servicing it's original purpose .
I respect the last reply you made to me but I've gotta ask just one simple question:
Why not just let young people opt out?
If the funds are NOT coming from the young and going to the old, as you claim, then there shouldn't be any problem, right?
I think it would be MUCH easier to do that, than to make sure you have a continuous succession of political candidates all uniformly and tirelessly focused in their efforts to reform social security so that the money isn't being used for all those extra things you mention. Pretty far fetched to think that is gonna happen. To really put in the amount of effort it will take, you will not only have to get a majority of congress to come to an agreement, but the plan to reform it is going likely going to take more than 2 years a congressional term lasts, which means you're going to have to keep sending congress critters to D.C. who are in agreement with the people they're replacing, to see it followed through.
I just don't see that happening. No one in congress has that much discipline or a mandate long enough to see it through.
The only thing that would make opting-out NOT easy, would be if the plan *IS* in fact reliant on a majority of younger workers to pay out to the minority of retirees—which would make it a [something] scheme.
Last edited by nobody's_hero; 10-29-2019 at 11:44 AM.
T.S. Eliot's The Hollow Men
"One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors." - Plato
We Are Running Out of Time - Mini Me
Originally Posted by Philhelm
Unless I missed something in this thread, maybe this is something you got from another thread but why do you think Strato is in favor of Social Security?
Your question "Why not just let young people opt out? ", leads me to believe that you think he is in favor of SS. Am I correct?
If he doesn't allow his own party to have its spending desires he will very quickly be faced with a supermajority overriding his veto to pass a compromise budget backed by both parties.
His influence level is determined by the politics of his party members in the House and Senate combined with their power level in each.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
9/11 Thermate experiments
Winston Churchhill on why the U.S. should have stayed OUT of World War I
"I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"
"We as a country have lost faith and confidence in freedom." -- Ron Paul
"It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
9/11 Thermate experiments
Winston Churchhill on why the U.S. should have stayed OUT of World War I
"I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"
"We as a country have lost faith and confidence in freedom." -- Ron Paul
"It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
Okay. But note that I wasn't singling out Trump as "the problem." The problem has always been that republicans protect increases in defense spending while democrats protect increases in social spending and they "compromise" by increasing spending in everything!! That's why Rand's across the board spending cut got such little support. Trump is a symptom rather than a cause.
9/11 Thermate experiments
Winston Churchhill on why the U.S. should have stayed OUT of World War I
"I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"
"We as a country have lost faith and confidence in freedom." -- Ron Paul
"It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
I am not sure why you would say even David Stockman. He has always been a budget hawk.
It is worth noting that military spending is not the reason for the budget deficits. It goes without saying that military spending and empire should be rolled back. I know it is a Ron Paul talking point to cut military spending to save Social Security but it would be a drop in the bucket. Entitlement spending is everything. Joe Biden even brought this up to refute Medicare for All. You could eliminate the military and it wouldn't fund medicare for all.
https://www.nationalreview.com/corne...-d-williamson/I favor cuts in defense spending—I favor cuts in spending almost everywhere—but thinking about President Eisenhower earlier today (I do that a lot) made me want to put contemporary military spending into perspective.In 1957, the nation was more or less at peace, the budget ran a small surplus, and we spent 9.8 percent of GDP on national defense. That was down sharply from the years immediately before (winding down of Korean War expenses, I guess) but quite a bit higher than it was in 1950 and 1951. In 1950, we spent only 4.9 percent of GDP on national defense, half that 1957 number.
This year, we’re going to spend about 3.3 percent of GDP on national defense.
That’s less than we spent during the first Clinton administration, a fairly peaceable time
Don’t let anybody tell you that it is out-of-control military spending that is holding us back. When it comes to the one thing the federal government really has to spend money on, we’re spending less than we did in the 1950s, 1960s, 1970s, 1980s, or 1990s.
Also "Welfare vs. Defense, By the Numbers
https://www.nationalreview.com/corne...-d-williamson/
Last edited by Krugminator2; 10-29-2019 at 03:37 PM.
It's not military spending by itself that is causing deficits it's the fact that cutting other programs is not politically viable when you are needlessly increasing military spending! It's the "compromise" that's the problem. You back my increase, I'll back your increase. I seriously thought everybody knew that.
9/11 Thermate experiments
Winston Churchhill on why the U.S. should have stayed OUT of World War I
"I am so %^&*^ sick of this cult of Ron Paul. The Paulites. What is with these %^&*^ people? Why are there so many of them?" YouTube rant by "TheAmazingAtheist"
"We as a country have lost faith and confidence in freedom." -- Ron Paul
"It can be a challenge to follow the pronouncements of President Trump, as he often seems to change his position on any number of items from week to week, or from day to day, or even from minute to minute." -- Ron Paul
That's a good point. Plus I posted those links mainly for my own benefit. I was really surprised how big of a problem entitlement spending is when I first saw the stats. And I was surprised to learn the US spends a much smaller percentage of the economy on the military than it has historically.
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