I prefer Bob over you, thank you. I’m on to you now.
LOL, I always love it when people say that. It helps me identify the people who are the real problem with Social Security.
Since you can't face the truth, you have sided with the liar.
I hope you figure it out before it's too late. Have a nice day.
Well, my two cents is they’re talking of two very different things:
JL of the financing of SS and Bob of the financing of the whole federal budget.
They’re both right IMO despite their vehement disputation.
Great that someone quotes Hollings. The man was viciously attacked and ridiculed for his timely warning that “There’s too much consumin’ going on.”
Oh how the media (who profit solely from ‘consumin’’) evicerated him for that.
A prophet in his own land...
“I prefer Bob over you, thank you. I’m on to you now.”
You shouldn’t because justlurking is accurately describing SS. I can’t tell if he’s pro or con SS, but he is describing how it’s designed.
There never was a lockbox and there never could be one. Money that piles up in segregated accounts would constantly reduce the money supply and lower the GNP. It would be a deflationary drag on the economy.
SS money has to be given to SS recipients. Or returned to the people it was taken from. Or, the favorite choice of big government politicians of both parties, loaned to the rest of the government. But it can’t sit idle in a “lockbox” without doing real harm to the economy.