UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread
Author: SeattlePioneer Big funky green star, 20000 posts Top Favorite Fools Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 62049  
Subject: Re: A Terrible Tragedy Date: 12/5/2013 3:12 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 1
Teddy Kennedy assured Americans a decade ago that Social Security was solvent for decades to come.


Of course that assumes that the Social Security "Trust Fund" is actually liquidated by issuing new Federal debt.

Liberals have LOTS of other plans to spend money, so they want taxes to be raised rather than to liquidate the Trust Fund to pay benefits to boomers.

Ronald Reagan ran this same scam on the boomer generation ---- raising payroll taxes to fund full payment of Social Security benefits to the WWII generation.

The smart move for Gen X, Y and Z would be to terminate Social Security and to fund a retirement system that uses their money to benefit THEM rather than other people.

Take the current tax revenue OUT of Social Security. Liquidate the trust fund and then see how solvent Social Security REALLY is.

Social Security is best described as a Ponzi Scheme and a racket. Gen X, Y and Z should refuse to be the next generation of SUCKERS to participate in it.



Seattle Pioneer
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (5) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Post of the Day:
Value Hounds

Considerable Headwinds for Profire Energy?
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement