(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and are lazy, dumb, and bad citizens across the board. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

(02-06-2024 09:58 AM)Todor Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and ate bad citizens. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

hence, Rob Peter TTTo Pay Paul will yield puppies that can only go woofy woof over the long haul...

@scopin'TheShorts

(02-06-2024 09:58 AM)Todor Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and are lazy, dumb, and bad citizens across the board. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

It's a really bad concept because it relies specifically on high birth rates, government restraint, and a thriving middle class. We have none of those things and haven't since the 1950's.

(02-06-2024 09:55 AM)Redwingtom Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted.

This is basically impossible. Unless everyone stops working, or the federal government stops collecting from employers, there will always be money coming in.

So it will only go "broke" through an act of congress.

What could or likely happen rather would be a reduction in benefits paid out to retirees.

That’s what happens in bankruptcy court. The people owed settle for reduced amounts. But bankruptcy isn’t broke, right? Totally different lol.

(02-06-2024 09:55 AM)Redwingtom Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted.

This is basically impossible. Unless everyone stops working, or the federal government stops collecting from employers, there will always be money coming in.

So it will only go "broke" through an act of congress.

What could or likely happen rather would be a reduction in benefits paid out to retirees.

it'd been fonzies sitting next to ewer arse in any econ class...

"basically impossible" ... I can't laugh any harder at dipshite euphemisms...

(02-06-2024 09:55 AM)Redwingtom Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted.

This is basically impossible. Unless everyone stops working, or the federal government stops collecting from employers, there will always be money coming in.

So it will only go "broke" through an act of congress.

What could or likely happen rather would be a reduction in benefits paid out to retirees.

There is no trust fund or lockbox. It’s been raided many times since the surplus in the late 90s.

It’s simple math. There are too many takers and not enough suppliers. The Boomer generation could have fixed some of the structural issues such as age limits, cap removal, etc. Even after that there is still a huge gap in funds simply because there are too many boomers retiring and not enough young people supplying.


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(02-06-2024 10:03 AM)WalkThePlank Wrote:  

(02-06-2024 09:58 AM)Todor Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and are lazy, dumb, and bad citizens across the board. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

It's a really bad concept because it relies specifically on high birth rates, government restraint, and a thriving middle class. We have none of those things and haven't since the 1950's.

It’s a bad concept to rob Peter to pay Paul. And that’s how we govern ourselves. We take the money, don’t save it for its purpose, and then have to borrow to make up the difference.

Every insurance company in this country is regulated to make sure they can pay claims. But the people are the regulators of government and we we do a piss poor job, and have for decades.

That’s why countries like Russia, who we laugh at for being “poor,” aren’t loaded with debt, have a national sovereign wealth fund, and don’t live beyond their means.

Ha ha, stupid Russians… Don’t they know if they just borrow $35 trillion, they can be “rich” too?

(02-06-2024 10:10 AM)Todor Wrote:  

(02-06-2024 10:03 AM)WalkThePlank Wrote:  

(02-06-2024 09:58 AM)Todor Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and are lazy, dumb, and bad citizens across the board. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

It's a really bad concept because it relies specifically on high birth rates, government restraint, and a thriving middle class. We have none of those things and haven't since the 1950's.

It’s a bad concept to rob Peter to pay Paul. And that’s how we govern ourselves. We take the money, don’t save it for its purpose, and then have to borrow to make up the difference.

Every insurance company in this country is regulated to make sure they can pay claims. But the people are the regulators of government and we we do a piss poor job, and have for decades.

Correct. So now instead of robbing Peter to pay Paul, Peter will be robbing Peter and whatever children Peter also has.

This is the time to phase out social security or there needs to be a deep conversation about age limits, lowering returns, and removing caps. All of which hurt the individual in the short term and are political suicide.


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(02-06-2024 10:10 AM)Todor Wrote:  

(02-06-2024 10:03 AM)WalkThePlank Wrote:  

(02-06-2024 09:58 AM)Todor Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and are lazy, dumb, and bad citizens across the board. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

It's a really bad concept because it relies specifically on high birth rates, government restraint, and a thriving middle class. We have none of those things and haven't since the 1950's.

It’s a bad concept to rob Peter to pay Paul. And that’s how we govern ourselves. We take the money, don’t save it for its purpose, and then have to borrow to make up the difference.

Every insurance company in this country is regulated to make sure they can pay claims. But the people are the regulators of government and we do a piss poor job, and have for decades.

when the Jesse Owens on liquid happens???









































well, y'all ain' seen shite, yet!

(02-06-2024 10:14 AM)WalkThePlank Wrote:  

(02-06-2024 10:10 AM)Todor Wrote:  

(02-06-2024 10:03 AM)WalkThePlank Wrote:  

(02-06-2024 09:58 AM)Todor Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and are lazy, dumb, and bad citizens across the board. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

It's a really bad concept because it relies specifically on high birth rates, government restraint, and a thriving middle class. We have none of those things and haven't since the 1950's.

It’s a bad concept to rob Peter to pay Paul. And that’s how we govern ourselves. We take the money, don’t save it for its purpose, and then have to borrow to make up the difference.

Every insurance company in this country is regulated to make sure they can pay claims. But the people are the regulators of government and we we do a piss poor job, and have for decades.

Correct. So now instead of robbing Peter to pay Paul, Peter will be robbing Peter and whatever children Peter also has.

This is the time to phase out social security or there needs to be a deep conversation about age limits, lowering returns, and removing caps. All of which hurt the individual in the short term and are political suicide.


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And this society isn’t mature enough to accept the truth. Only total collapse will get it through our heads. And until then, we will keep playing make believe.

We can’t govern ourselves without leading to total collapse in the near future.

(02-06-2024 10:14 AM)WalkThePlank Wrote:  

(02-06-2024 10:10 AM)Todor Wrote:  

(02-06-2024 10:03 AM)WalkThePlank Wrote:  

(02-06-2024 09:58 AM)Todor Wrote:  

(02-06-2024 09:29 AM)WalkThePlank Wrote:  Speaking of Ponzi schemes, looks like Social Security is finally going broke as predicted. People would have been better off investing that amount each paycheck instead of giving it to the federal government. Another socialist program that was doomed to fail.

The idea is perfectly sound. And most other countries make it work just fine. They also don’t use the principle as a government slush fund.

Small, poor, and underdeveloped countries even make it work.

It’s not a bad concept. It’s not “government can’t do it” either. It’s just that ours can’t. Because we govern ourselves poorly, don’t keep a good watch over our government, and are lazy, dumb, and bad citizens across the board. The government does what we let them get away with. And the American people are some real doozies when it comes to falling for stupid ideas. We just don’t like to admit it because we like to think of ourselves as above that.

It's a really bad concept because it relies specifically on high birth rates, government restraint, and a thriving middle class. We have none of those things and haven't since the 1950's.

It’s a bad concept to rob Peter to pay Paul. And that’s how we govern ourselves. We take the money, don’t save it for its purpose, and then have to borrow to make up the difference.

Every insurance company in this country is regulated to make sure they can pay claims. But the people are the regulators of government and we we do a piss poor job, and have for decades.

Correct. So now instead of robbing Peter to pay Paul, Peter will be robbing Peter and whatever children Peter also has.

This is the time to phase out social security or there needs to be a deep conversation about age limits, lowering returns, and removing caps. All of which hurt the individual in the short term and are political suicide.


Sent from my iPhone using Tapatalk

which is why 20/under roof is today's immigration biz model...

it's scary how too few realize "real" estate is all that matters in the land o' whatever-the-fock-ism....

(02-05-2024 04:55 PM)Kruciff Wrote:  

(02-05-2024 04:27 PM)UofMstateU Wrote:  

(02-05-2024 11:22 AM)Kruciff Wrote:  

(02-05-2024 11:11 AM)UofMstateU Wrote:  

(02-05-2024 11:00 AM)Kruciff Wrote:  There are macro-economic consequences to holding artificially lower federal interest rates, many of which we are still seeing the effects of now in the economy. I read This Article from 2019, immediately following Trump's interest rate cuts and amid his calls to keep cutting the interest rate "possibly below 0%" as I recall him saying in a tweet once. A lot of the things they were speculating are happening today. It's not as simple as flipping a switch and suddenly interest rates are low.

Because inflation was low. Funny how the fed had higher interest rates under Trump with 1.5% inflation and lower interest rates under Biden* with 8% inflation.

Yes. Funny how that happens. Low interest rates then, high inflation now. Very curious

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hence the fallacy of trillions of unneeded spending.

you actually could be smart, if you didnt keep trying to run cover for the idiots running this country.

So what you're saying is... because Trump cut interest rates in 2019+, causing inflation that we see today... we should cut "trillions" in "unneeded" spending. Did Trump lower interest rates to force government spending reductions? Did he intend to cause todays inflation on purpose?

Please explain to me how/when tired cut interest rates

Ill wait