* The only "trust fund" the SSA has is an IOU payable by future tax serfs.
* If government kept its books on an accrual basis it would be bankrupt.
* Politicians have known that SSA was a fiasco in the making and have done nothing to stop the slow-motion train wreck
* Bush "tried" to touch this third rail but was met with cynical "kick the can further down the road" attitude from both parties and the public.
* But Bush only tried after he added to the problem with the Senior Prescription drugs entitlement.
* Future politicians facing the wreck will absorb funds from private pensions, 401k's, IRAs. Why should the rich have their retirement funds when the rest of us can't?
* The future wreck may not be that far off. SSA was projected to go into red at end of 2017. Now it could happen by 2010. The last depression lasted 15 years.
* There is no plan to repay our unpayably large debts. No politician wants to raise taxes that high.
* Ever higher inflation - perhaps hyper-inflation - is the default.
* By Q3 of 1923, the peak oh Wiemar hyperinflation, Germans were spending 94% of their money on food.
* Gardens, guns and gold (or silver).
Over our dead bodies.