Well, the day before it was closed due to a mudslide. It's the Schuykill. It is always jammed.
It grew to a size in excess of the amount paid out, right?
So long as there are more "new investors" "paying in" than people collecting dividends or cashing out, it works.
The only deviation from Ponzi's plan is that if you die, you lose everything and your estate doesn't inherit your position. When created, the age when you started collecting was a year after the average life expectency. So on average, people paid taxes and didn't live to collect.
That and forcing everyone to "invest" are the only thing that have kept Social Security afloat as long as it has been.
I wish they would put a lock on that box, right now, quit spending it.....
Well, the day before it was closed due to a mudslide. It's the Schuykill. It is always jammed.
The English language has some wonderfully anthropomorphic collective
nouns for the various groups of animals.
We are all familiar with a Herd of cows, a Flock of chickens, a School
of fish and a Gaggle of geese.
However, less widely known is a Pride of lions, a Murder of crows (as
well as their cousins the rooks and ravens), an Exaltation of doves
and, presumably because they look so wise, a Parliament of owls.
Now consider a group of Baboons. They are the loudest, most dangerous,
most obnoxious, most viciously aggressive and least intelligent of all
primates. And what is the proper collective noun for a group of
baboons?
Believe it or not ....... a Congress!
I guess that pretty much explains the things that come out of Washington !
That jobs plan is about nothing more than borrowing more money to pay for improved employment numbers going into next year's election. The facts that the improvement would only be temporary and that we'll be going even deeper into debt is beside the point, at least as far as its supporters are concerned.
Actually it sounds like a daily traffic bulletin.
Anyway, Philly ping.
And Chestnut Street is not all that bad a ride for a full-access road through a major city. Frankly, it's less aggravating than the Schuylkill (which he doesn't know how to spell.)
Maybe they could start taking payroll taxes out of Social Security checks since there will be more retired people than workers.
Yes, I’m joking but I hope the politician don’t see this.
Screw everyone
And if they had let me keep my $345K, I would have turned it into two or three times what the gummint intends to give back.
Everyone is happy as pigs in mud that the Food Stamp President has proposed to reduce the SS tax ... duh, isn’t it going broke? If they would raise the age to receive SS to 95, there is a chance SS could survive as structured today. I just love to watch the progressive heads explode every time Perry refers to SS as a Ponzi scheme!