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From: Dinosaur_Sr on 3 Dec 2009 09:54 On Dec 2, 9:06 pm, Jack Hollis <xslee...(a)aol.com> wrote: > On Wed, 02 Dec 2009 18:58:00 -0700, Howard Brazee <how...(a)brazee.net> > wrote: > > >On Wed, 02 Dec 2009 20:07:01 -0500, Jack Hollis <xslee...(a)aol.com> > >wrote: > > >>The fact that the government decided to spend all the SS and Medicare > >>Trust Fund money does not mean that the people who paid into the > >>system are any less deserving of their benefits. And, in addition, > >>the fact that you're rich also doesn't mean that you don't deserve > >>your benefits. If the government starts means testing SS and Medicare > >>then it will become a welfare program. > > >Social Security Insurance isn't about being deserving. The > >government isn't about rewarding the deserving. The Constitution > >doesn't mention the deserving. > > That's all true. > > However, Social Security is a law passed by Congress and, as such, it > is a legal obligation taken on by the government. No problem. The govt can pay you from the money in the trust funds.
From: Jack Hollis on 3 Dec 2009 21:09 On Wed, 02 Dec 2009 20:31:55 -0500, Horvath(a)net.net wrote: >>The people who are paying into the SS system now, are paying for >>future benefits just like the retired people did when they were young. > > >I just wonder how many people ever heard of a, "Ponzi Scheme?" > >Ponzi went to jail for a long time. But when the gubment does it, the >left loves it. The government can pass a law that makes a Ponzi Scheme legal. After all, no one is above the law.
From: Jack Hollis on 3 Dec 2009 21:13 On Wed, 2 Dec 2009 21:17:21 -0500, BAR <screw(a)you.com> wrote: >Social security should be abolished. That would be hard to do, but not impossible. SS should have never happened in the first place. I don't see anything in the Constitution that says that the government has the right to force me to buy into a publicly run annuity program or health insurance.
From: Jack Hollis on 3 Dec 2009 21:21 On Thu, 3 Dec 2009 06:39:09 GMT, assimilate(a)borg.org wrote: >On 2-Dec-2009, Jack Hollis <xsleeper(a)aol.com> wrote: > >> >If I live long enough, I will get back more than I paid for Social >> >Security Insurance. But in reality, I didn't pay for me, I paid for >> >previous generations. It will be workers who will be paying for me. >> >> And when the benefits paid out reaches the point where it is more than >> the revenue coming in (last I heard 2014) the money will have to come >> from somewhere. My guess is that they will privatize the debt of $2 >> trillion in T-Bonds that the government owes to itself. Strange as it >> seems, the national debt wont go up a penny. > >what could go wrong? > >-- >bill-o I don't know? How about the US defaults on its debt, the dollar becomes worthless and the world's financial institutions totally collapse. I've always laughed at the survivalists, but right now having a supply of food, lots of gold and some lead might not be a bad idea.
From: Jack Hollis on 3 Dec 2009 21:23
On Thu, 3 Dec 2009 06:40:58 GMT, assimilate(a)borg.org wrote: >On 2-Dec-2009, Jack Hollis <xsleeper(a)aol.com> wrote: > >> That's all true. >> >> However, Social Security is a law passed by Congress and, as such, it >> is a legal obligation taken on by the government. > >and as such it can be changed by Congress; and if they had to rely on it, >boy would it get fixed quickly! > >-- >bill-o Congress can change laws but the people can change Congress. |