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Most people like only of Medicare and Social Security, but to support the housing finance complex adds significantly to the tab. UNPAYABLE tab.
1 posted on 08/14/2013 5:50:05 PM PDT by whitedog57
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To: whitedog57
these off-balance sheet liabilities will require enormous sacrifices from future taxpayers. Better know as massive increase in taxes.

Well, no they won't be required, because the future generations will refuse to pay them. There will be civil unrest far before an entire generation will be put under indentured servitde.

2 posted on 08/14/2013 6:00:51 PM PDT by Vince Ferrer
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To: whitedog57

Now add in state and local government debts. CA, NY, Detroit et all. None of them can print money as a short term fix.. All of them will demand a federal handout. There isn’t enough currency in the world to cover the gov’t debts. Nice.


5 posted on 08/14/2013 6:13:03 PM PDT by PilotDave (No, really, you just can't make this stuff up!!!)
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To: whitedog57

Social Security has been a boondoggle from the beginning..
Planned liability creep... like with any givernment program..

It’s not LIKE it was not all forecast-ed either...
Democrats planned to raid the Trust fund from the beginning.. and did..

Republicans acquiesced like Dorothy on the way to OZ...
The game was over when Barry Goldwater was not elected..
It became JUST a matter of time...

TIMES UP!!!!.


7 posted on 08/14/2013 7:51:23 PM PDT by hosepipe (This propaganda has been edited to include some fully orbed hyperbole..)
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