Posted on 07/25/2013 11:14:41 AM PDT by SeekAndFind
Too bad I’ve never heard of “The Economic Collapse Blog.”
I am told that the Hebrew language does not even have a word for “retirement”.
Perhaps we need to look closer at their philosophy.
Conservative approach to the problem: Smaller government, drill for domestic energy, lower taxes, raise ages at which full retirement is possible.
OK, now for the more likely scenario...the liberal approach:
Print (virtual) money like mad, and pay with much cheaper dollars with the ensuing hyper-inflation. Obamacare will kill the old folks off anyway, so it won’t be as much “out-of-pocket” as it could have been.
God help us!
At least they don't have an IRA or 401k to be nationalized or savings to be bailed in or a commodity account to be vaporized or an insurance policy with a derivative ridden insurance company or Detroit bonds etc.
Sure. That sounds like a good solution. Raise taxes on people who can’t afford their own retirement so they can pay for the fat retirement of someone else.
It can be tried but I doubt it will happen. Nope, the retirees who were over promised, over paid and who under contributed to their own retirement plan will just have to figure out something else or make do with less.
Of course, obastard can just print up a bunch more money from his stash.
And let me remind you that during the past 5 years we have faced a CD market where the interest rate paid by the government was less than 1.5%, often less than 1%
That is theft, and you pay taxes on what little income is there.
Forget “conservative” saving investments.
Government is theft by law. Theft of freedom, liberty, privacy and property. For What?
Combine those retiring in record numbers with those going/gone Galt, the increasing regulation of business, the switching of employers to temporary employees because of obamacare and you have a coming calamity of vast proportions, fast approaching.
lol
The problem with this method is, as they found out in Zimbabwee, the devalue rate of the money must keep up with the skyrocketing price of the wheelbarrow you'll need to carry it. Otherwise the money will be useless.
(Yes, that's a satirically ironic conundrum joke)
I cannot wait for the explanation where those in power state the truth. By design the funds were stolen or payments were not made instead those funds went down the RAT holes.
Love yer tagline, ST.
There will be hell to pay when none of us can collect what we’ve paid into it! I will be in the damn streets for sure!!!!
And yet, I see senior citizen after senior citizen quite happily driving around with Obama/Biden bumper stickers on their cars.
I’m all for that. Except we don’t have enough jobs to follow that model.
Well, there’s trillions laying around in 401K’s and IRA’s. Plus, rich people are woefully under taxed.
Anybody with an Obama bumper sticker is an f’ing idiot!!!
The problem with that is the Majority of the voting public will be the elderly. Their numbers will continue to increase.
I am not counting on SSI for anything. However, try to f$%# with my personal investments it will get ugly REAL fast. I think I speak for the majority of those that sacraficed for decades to have a nest egg.
It’s political suicide for H.O.R. members to go there.
Just wondering what the newspapers would have said if during the Bush admin. they didn’t pay SS COL increase for two years. Didn’t matter if there was no inflation.
Maybe now is the time to buy GM stock - that's a lot of Buicks!
“Will Shake America To The Core” that sounds like a phrase Glenn Beck would use.
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