Woolleybugger
Mayor
I would not trust the mattress or the stock market with my retirement and am surprised you suggest those as viable alternatives to insurance backed by the full faith and credit of the USA.
I don't know if I'd agree with the term Greed. but I'll grant you that for the sake of argument.The risk exposure happened way before Fannie and Freddie got involved in the sub-prime markets and only got worse after 2005. This was about greed, pure and simple. The greed on the part of Wall Street though was the true culprit. This greed continues today. Since they are incapable of controlling their own greed, the government must step in to force them to behave rationally and honestly. Failure of risk managers at all the firms will force us to regulate them or break them up.
which is working well so far. our current 'leaders' can't agree on the location of the sky.the magic D.C. money tree?The elders of today are alive today and need it today. The elders of tomorrow will cross that bridge when they get to it. Your arguments are based upon a notion of pending doom when in fact there is no crisis except in your mind. Dollars can be created to meet the need of the people, its as easy as pie.
All it takes is for some future leader to prioritize SS over other areas of the government. What if we decide as a nation to become the new Canada of the world and stop spending 700 billion a year on war?
You do not understand how Social Security works. It gets financed funds from payroll taxes. It is not like defense where politicians decide how much money it gets every year. It has fixed sources of revenue and a defined expense.It was not insolvent in 1983 no more than the defense department was in 1983. The actuarial tables assume things in the future, that is a forecast. Whether they do it based on historical numbers or estimates of future numbers, it is still a forecast nonetheless and subject to the same errors as any forecast.
You think that elders of today are more deserving than elders of the future. I think that is self-serving bunk.The elders of today are alive today and need it today. The elders of tomorrow will cross that bridge when they get to it.
Again, you are demonstrating how litte you know about Social Security. Social Security is not backed by the full, faith, and credit of the USA. According to the Supreme Court, Congress can change benefit levels at will, and workers have no earned right to benefits.I would not trust the mattress or the stock market with my retirement and am surprised you suggest those as viable alternatives to insurance backed by the full faith and credit of the USA.
Who is saying that the stock market could fix the mess of Social Security?I would not trust the mattress or the stock market with my retirement and am surprised you suggest those as viable alternatives to insurance backed by the full faith and credit of the USA.
good luck with thatI would not trust the mattress or the stock market with my retirement and am surprised you suggest those as viable alternatives to insurance backed by the full faith and credit of the USA.
which ought to disgust and appall youMore baloney. SS taxes go into the general fund,