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Re: Social Security trust fund projected to run dry by 2034 

By: Decomposed in POPE IV | Recommend this post (1)
Thu, 23 Jun 16 8:55 PM | 60 view(s)
Boardmark this board | POPES NEW and Improved Real Board 		Msg. 07970 of 47202
(This msg. is a reply to 07964 by micro)
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micro: 

Re: ”HOW you say? Simple. Shut down several of the worthless, expensive, unneeded Federal agencies“

Won't work. There's not nearly enough money.

While the entire U.S. GDP amounts to less than $17 trillion, the present value of future obligations is FAR higher. I've read figures ranging from $62 trillion to $225 trillion, and I'm inclined to go with the latter.

Most of those obligations are Medicare and Social Security. So, consider that Social Security has to come up with something on the order of $100 trillion, which is more than $300,000 per American including babies and the elderly, and the true scope of the Social Security disaster becomes clear.

The Medicare obligations are even worse.

There is NO SAVING THIS HOUSE OF CARDS. It's coming down. Protect yourself while you still can.
 




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Re: Social Security trust fund projected to run dry by 2034
By: micro in POPE IV
Thu, 23 Jun 16 8:43 PM 		Msg. 07964 of 47202

Micro's very simple solution to the SS fund.

Replace the money that was stolen by corrupt politicians of every stripe.

HOW you say?

Simple.

Shut down several of the worthless, expensive, unneeded Federal agencies and put just HALF of those saavings into the fund while using the other half to pay off the national debt.

BALANCE the annual budget AND reduce it by ten percent period. REDUCE employment at all Federal Agencies that still exist after seeing how many can be returned to the State's Authority, where they belong.

This is not hard. Only requires WILL.


Anyone got Trump's phone number????

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