Posted on 05/26/2024 11:33:21 AM PDT by SeekAndFind
Social Security is a giant Ponzi scheme and, like all Ponzi schemes, it will eventually fail when the cohort paying in becomes smaller and poorer than the cohort receiving the money. It’s going to take a sea change to remedy the problem, which means re-thinking the government’s role. Here’s what could be done:
(1) The Constitution has the federal government’s job description, so we must defund any federal spending that is not within that description, and the projects, whatever they are, need to be kicked down to the state level where they either belong or taxpayer money shouldn’t be spent on them at all. As an aside, this wouldn’t affect only Social Security.
It includes banning all earmarks, making congresspeople liable to the same laws everybody else obeys, and ending both so-called “monster bills” and continuing resolutions.
(2) The federal government must balance the budget and pay its debts, including the worthless Treasure Notes that Social Security holds.
The above two steps sound like the end of Social Security, but they’re not. There’s still a way out to protect Americans, especially those who have paid into the system (money that they could have invested for their own benefit) and are now dependent on its returns.
(3) Social Security needs to create the world’s biggest index fund which sees it investing only in the stocks and bonds of profitable companies. Its planned investments, of course, would have to closely kept secrets, with Social Security insider trading resulting in serious prison sentences (including for congresspeople).
(4) In terms of the fund itself, the the criterion for whether it’s profitable needs to be specific, e.g., “profitable over “X” years or “X” years within as specific time window...perhaps ten years.
(Excerpt) Read more at americanthinker.com ...
#1 - Kill all us old people.
They already tried that (COVID-19).
Focus social security on delivering maximum dollars to retirees, not wasting money on other tangents or excessive administration.
Do not spend social security funds on non-social security endeavors, repay all non-social security spending.
They’ll try again . . with a stronger mandate. You won’t be able to buy, sell or collect SS UNLESS you try our new safe and effective experimental “vaccine” in five delicious flavors.
Raising taxes is not a solution because business pays half the tax as it stands now.
(3) sounds good until you realize that SS is so large that eventually the government will own (and vote) very large share blocks in most of the large companies. So... you get fascism in the aspect of government controlling the ostensibly “free” business segment of the economy.
Social Security is a giant Ponzi scheme and, like all Ponzi schemes,
One step to fix our broken Social Security system:
End it.
“HAS ANYONE ANYTIME IN HISTORY FIXED A PONZI SCHEME?”
They always go on until they can no longer attract new patsies at which time the perpetrator of the scam sometimes is tried and goes to jail (Bernie Madoff).
Not unlike governments that continue to print paper money, backed by nothing, until it is worthless. Typically the government then falls.
It also includes selling off "Federal Lands," currently used to securitize Federal debt.
How about Republicans push a new initiative as an election issue? I know for a fact the Ds won’t touch it.
Tens of millions that busted their asses for 40 years are now told by the lying professional lawyer politicians they have mismanaged or looted everything, 34 trillion in debt, open border disaster, homeless everywhere, foreign policies that rob every single America daily, foreign policies that are nothing but sabotage against the American people.
This is exactly what got after 50+ years of these lawyers turned professional politicians..
It’s way past payback and vengeance time...
Privatization is THE ONLY reasonable answer.
Lock in current benefits for any current retirees or those close to it.
Everyone else who has some money paid in gets a payout into their private account based on actuarial tables and the amount they’ve paid in.
If we have to have a one-time only money creation to accomplish this, so be it.
All future money paid in goes in to the private account.
Done.
Ha, constitutional limits went out the window 150 years ago
The people running this bloated corrupt monster government are what the Founders warned us about.
I’m like Paulie in Goodfellas.....”F You! Pay Me!”
...it's already being executed.
Perhaps "executed" being the keyword.
No one with half a brain thinks Covid was some act of nature, that a vaccine was just developed out of nowhere (when it normally takes years of development/testing).
It is part of a diabolical plan to remove the "basket of deplorables", and hand the world over to globohomo and their brain-fornicateed puppets.
47 yrs for me.
“”””Raising taxes is not a solution because business pays half the tax as it stands now.””””
That only applies to those who work for someone else.
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