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To: Go_Raiders
You can go on with your delusion that the reason SS is going broke is that the government stole the money from Al Gore's lockbox. The reality is that SS is actuarial unsustainable. It doesn't matter whether there are T-bills or gold in the SSTF. We just have too many people receiving benefits compared to the revenue coming in. You must either cut benefits or raise taxes.

It is sad that so-called conservatives are as you claim to be are so ill-informed about how SS works and why it is going broke. It is a Ponzi scheme and you are too dumb to realize it.

Why Social Security is a Ponzi Scheme

24 posted on 01/18/2013 8:40:48 PM PST by kabar
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To: kabar

We agree on one thing - it is a Ponzi scheme and not sustainable for that reason, I was stating that the Government propaganda is trying to make up facts to cover this up. You could have saved a lot of time by posting that link earlier in this discussion.

However, raising taxes to “fix” the problem only postpones the inevitable and takes money out of the economy, stunting economic growth. On top of that it does nothing to convince citizens to end this abomination or transition it to something that is actuarially sustainable. That you would suggest raising taxes as a ‘solution’ indicates that you still are buying that the Ponzi scheme can work if we just feed it more money..

As I stated previously, there are only two possible outcomes, collapse or phasing out. Any sustainable model can only be based on the accumulation of real, economically viable assets.

The program could easily be transitioned into a privately run life insurance model, with the premiums invested in a broadly diversified conservative portfolio. But this can’t happen if voters continue to believe taxes are any kind of solution.


25 posted on 01/19/2013 7:51:06 AM PST by Go_Raiders (The wrong smoke detector might just kill you - http://www.theworldfiresafetyfoundation.org)
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