Where is the government going to get the money to keep paying retired people in perpetuity when the economy is collapsing?
I’m not sure people understand how lousy the fundamentals are in the economy. Much of the economic activity is artificial in a sense because it has been created by borrowed government money and before that by borrowed mortgage money.
We have to radically sweep away the tax constraints, regulatory restraints and high government spending in order to again create the conditions for economic activity in this country.
Otherwise, there will not be the money to honor the obligations to retired people anyway.
Where? How about dissolving the Education Department and the EPA, and defunding PBS, for starters. There are billions waiting to be cut, which could allow reduction in taxes.
I don’t think you get it. I worked an entire lifetime paying into the social security “trust account,” far more money than I’ll ever get back from it. The Ponzi scheme isn’t retirees—it’s the politicians who took all that money and blew it.
You won’t straighten it out by picking a victim group and screwing them.
When retired people hear about this, they ain’t gonna vote for McCain, er, Cain. Nor anyone who is approaching retirement.
The solution is simple. Cut out the bureaucracy that is weighing us all down and destroying our businesses. Cut the pork. Slicing the budget by a trillion would be a simple matter, if they just sat down and DID it.