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To: TruConservative
The first point is the one that I think is provable beyond any argument. SS has a 75 year history of working

And it's about to collapse which you dont seem to have any comprehension of. SS and Medicaid are 18.7 TRILLION dollars of completely unfunded liabilities. There is no dedicated pool of $$ already set aside for SS only non-negotiable special treasury bonds. Ponzi schemes by their very nature are illegal as hell and immoral. Yet you want to advocate the government to be in charge of the biggest one.

You keep alleging that SS is not a ponzi scheme. You seem to have a complete lack of comprehension on reading. Or you refuse to face math and logic. Conservatism does focus on self reliance (if you want children to care for you in old age, HAVE THEM). Government charity is only extracted at the point of a gun.

To make a nation strong requires using the government for collective action.

Total collectivism BS.

9 posted on 09/22/2011 8:38:09 AM PDT by Centurion2000 (Watch what people DO, not what they say.)
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To: Centurion2000

“And it’s about to collapse which you dont seem to have any comprehension of...You keep alleging that SS is not a ponzi scheme.”

SS is not about to collapse, and can never collapse entirely. It’s not like a business or an investment. It has no credit accounts, etc. It is a pooling of funds, and a distribution of funds. If the pooling is inadequate for the expected distribution, then the distribution is fractionally reduced. That may happen, but that’s hardly a collapse.

Even if we get to a ratio of 2 workers to 1 retiree, the numbers still work out. On average, workers earn $50k per year. They give 6.2% or $3100 per year and their employers match, for a total contribution of $12,400. You take out 1 % for overhead, that leaves $12,280 for the retiree. That can go on forever; it will never, ever collapse or go bankrupt or look like a ponzi scheme.

(And if inflation kicks in, and everything doubles, then the pooling of money is automatically doubled, and the SS check is doubled. It’s a brilliant solution to inflation.)

Hey, the stock market tanked 6% the last two days. Scary, huh? SS will never scare you like that. SS is as solid as the United States of America. It is not a Ponzi scheme. I’ve proved that. If you want to insist that SS is a ponzi scheme, explain to me (a) who is the corrupt benefactor? (b) how can SS will run out of money? Remember - the issue with SS is that around mid-century, the promised benefits will only be funded up to 75%. That is not total collapse. That is a SS check that is only $1200 per month instead of an expected $1600. But if you are a good saver, that is a small thing. If you are a very bad saver, at least you have $1200.

“Conservatism does focus on self reliance”
Of course! But that doesn’t mean you have to dig your own well, or pave your own roadway, or have five radio stations on every channel colliding with each other, or a host of other things.

Look - in any team competition, teams have to work together. You’d lose in football, or in a war, or in business, if all your players were self-reliant and refused to work together. America will lose in the global competitive market place if we refuse to do the smart things together when they constitute a smart thing.

For the good of America, we use government as a tool to do the smart thing on all sorts of matters. SS is one of the smartest things we do.


10 posted on 09/22/2011 4:26:22 PM PDT by TruConservative
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