What could be easier, but these guys couldn't cut the sugar tariff that goes to a couple of sugar tycoons. That's how you can tell we're doomed.
I am a boomer, born in 1947. But that statement is total rubbish. My wife "required" a hip replacement at age 59. She either had a hip replacement or be in a wheel chair the rest of her life. It was paid for largely by private insurance and out of our pocket. She is now enrolled in Medicare.
Now, the article is correct about Medicare being a total ponzie scheme. It was always a tax, not what they sold it as. Yes, the "evil" boomers have been paying into this scheme their entire career, involuntarialy. And now as they approach the age when the benefits were "promised" it is clear that the money is not there to finance it. And the solution presented by government is to simply tax more? Yes, Insanity indeed.
It is obvious we are no longer practicing fiscal sanity, debt for generations, and no desire to even care about it, the only answers are tax us to death or print money..what ever happened to no debt now!!! I mean sell off washington dc first, the ones that sell the people the BS we have got into..cut off all rights of the federal “g” to raise any money, make states have balanced budgets and any savings from a fiscal responsible state could then be “allocated” by the state for specific federal programs..now federal programs is short for waste and rob you..lies and deceit..let me hold your cash..the federal “gangsta” is out of control...
The entire Congress needs to be prosecuted under RICO statutes. Capone on his best/worst day was a chior boy compared to Congress.
They are traitors to their oath to “preserve, protect and defend the Constitution”. Lock them up on a remote island in the Pacific Ocean with no means of communication or access to the outside world.
IF NOT SECESSION< THEN REVOLUTION MUST BE.
The entire Congress needs to be prosecuted under RICO statutes. Capone on his best/worst day was a chior boy compared to Congress.
They are traitors to their oath to “preserve, protect and defend the Constitution”. Lock them up on a remote island in the Pacific Ocean with no means of communication or access to the outside world.
IF NOT SECESSION, THEN REVOLUTION MUST BE.
So, the third city to file bankruptcy in CA did so. San Bernardino.
Are the dominoes tumbling?
The debt limit deal (automatic after election budget cuts) was the Boehner House signature achievement(more a RINO Senate bill that Boehner signed on to as well as Ryan) , now the same Republicans who voted for it are calling it Armageddon.
Not much voter opposition to deficit spending now.
It became OBVIOUS in 2010 and is almost boringly clear today: There is no human solution to our problem. I think we passed the point of no return in the early years of this century.
The only “solution” that will survive, politically, is to borrow and print, print and borrow, until the whole thing goes Zimbabwe. And it will probably result in WWIII before it even gets to that point, but if not, certainly after.
Now I know what Bible prophecy meant when it said that in the last days it would be worse than at any time in human history.
And it’s been pretty darned bad in the past. Fortunately, life is a mist, and we all die eventually anyway.
Regarding Social Security, the author states, “Few of us realize that most of us get back up to three times what we paid in...” as though there is a problem with that.
However, if you had paid $100 per month into a bank account that earned just 4% interest from age 21 to age 65, you would have paid in $52,800 and gotten back $186,247.14.
That’s well over three times as much.
But wait! Thanks to the rule of 72 and the miracle of compound interest, if you increase the interest rate to just 7% you will be looking at $331,328.37. Almost twice as much! And if you could get 10% (it was much higher than that during parts of the last few decades) you would be looking at $824,972.94. MORE than twice the last figure.
It is also 15 times more than you would have put into it.
So this “get back three times what you put in” comment suggesting that you are getting too much back is pure BS.
It's because the electorate would boot them out in a New York minute. The electorate votes their wallets.
It's depressing writing this. But it's not hopeless. There are examples of fiscal sanity we can follow -- if we have the will.
Not only do we not have the will, but we are as far from changing our will on this as the Palestinians are to allowing Israel to take over the whole area and they (Palestinians) just blend back into the Arab nations from which they came. Every time I read one of these "we can fix this" articles, I'm reminded of Dagney Taggart, the good little trooper, always trying to change with the new rules. But she finally got it. May she and John Galt live happily ever after. I'm not trying to be a doom and gloomer, but a realist. One needs to analyze the situation they face and choose actions accordingly. If you plan your future around how life has been the last 50 years, you are going to come up short. It could cost you your life and the lives of your loved ones. Literally.
That is covered in great detail here. It is a very interesting video by Bill Whittle called "Eat the Rich". Enjoy!
http://www.youtube.com/watch?v=661pi6K-8WQ
This makes it as easy as possible for the politicians (but still difficult) since they don't have to take the blame for specific cuts, and also has the virtue of forcing the decisions where to cut down in the hierarchy to where they can be made most efficiently.