https://www.wsj.com/articles/social-security-costs-expected-to-exceed-total-income-in-2021-as-covid-19-takes-financial-toll-11630436193
The greatest pyramid scheme ever just tipped...
The greatest pyramid scheme ever just tipped...
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"Don't underestimate Joe's ability to fukk things up."
--Barry ObamaComment -
It's really closer to a Ponzi scheme than anything else. No big surprise, this has been happening for years. As much as I dislike Biden, this one is not on him, there's plenty of blame to be spread around.
I'm not counting on it when I retire. If it is still around, it will be a shell of what it is todayComment -
Need to be able to opt out of that BSComment -
he just took office really going to blame the social security mess on him wow how about hurricane ida surely must be his fault tooComment -
When you pay people not to work, the SS can't collect its full funding.
When you go over 100% GDP w your stimulus and monetary policy, you get out of control (30 yr high) inflation and a fukking 7% SS COLA increase.
Instead if drying up in 2050 or whenever, Bidens policies just put this bomb on our agenda for the next election.
There's only 1 way to solve this issue....AUSTERITY.
That will be the trigger to the physical war we've been expecting. Taking away the entitlements.Comment -
GWB was stealing SS funds since 9/11 and his phony "hunt for mass destruction weapons".Comment -
Stealing?
He proposed privatizing portions of it, which, by the way, would have made everyone 10xs the money they're getting today.
You see an acre of farmland in Iowa just went for $25k
Think about that for a second.... same acre was $1800 in 1995.
Has the yield increased 15%??? Nope, same amount of corn or beats or soy.
Bidens America doesn't work.
Democrat policies don't work
It's that simple.Comment -
privatizing! more money! lol!, this clown is a total fckin idiot.Comment -
medical prescriptions are privatized and the USA consumer pays more for prescriptions than any other country in the world. maybe the fat man doesn't know what privatized means.
when business gets their hands on anything the main purpose is profit. a 4th grade student knows this fact, not the fat man. his comment of 10X the money we are getting now is more than ludicrous. think of that 10 times what they are receiving now. jokester!Comment -
he also wrote D policies don't work. well the blue states are not killing their population with BS concerning covid and the red states for the most part are.
also, I will challenge him, like I challenge all crazies to name one issue that was at one time a conservative vs progressive argument and finally settled with a conservative victory. you may backtrack as much as 100 years on this one fat man. I can think of only one in all that time, at the very most 1.5. go ahead write a narrative concerning an actual debated issue and now settled with a conservative victory.
go ahead I will give you an entire year.Comment -
Those other countries aren't adhering to our medical patents and just making cheap knockoffs. The USMCA actually had patent protections that both Canada and Mexico had to follow but it was stripped out, thanks to the democrats.
It's always for profit. Just because the profit doesn't show up in the form of a bigger dividend or stock price, don't kid yourself into thinking no one is profiting. For those private companies to turn a profit, they must run a business well and keep their customers happy. For political profit, politicians only need to keep a majority of the voters happy, and they can screw over the minority.
Supply-side economics. Everyone, including yourself and other left-wing radicals like Bernie Sanders or AOC, argues that it works.Comment -
GOP’s answer for everything is to privatize everything. Every Republican friend has another friend that can assure the transaction and arrange the kickbacks.Comment -
The private sector isn't trying to screw over a vast portion of the population the way the politicians are. Let me tell you a little secret: Mitch McConnel is more worried about republican voters in swing states than he is democrat voters in Kentucky. Chuck Schumer is more worried about democrat voters in swing states than he is republican voters in New York. Almost all politicians are more than willing to screw over 40% of the population if it means they get 60% of the vote.Comment -
I'm not sure that our liberal contributors understand that the current SS system is finished.
You can attack the private sector all you want...but the SS Administration just issued its own obituary.
The only proposal left to continue the idea of a social safety net is privatized funding per individual rather than a gross PAYG approach consisting of generational enabling.
Also, Dante, I have absolutely no clue what you are referencing or talking about in your last post regarding red states killing people... There is only 1 documented instance of forced communal living resulting in deaths from Covid and it occurred in NY State, via executive order, and the media and Hollywood crowd would have crowned the man King nontheless, had the truth about his disgusting personal nature not been exposed.Comment -
What a joke. All these tax withholdings...and it's $$ pissing into the wind.Where's the fuckin power box, Carol?Comment -
what did we all expect? (bright people who voted for Trump knew this piece of shit would be a total disaster).....
just look at his corrupt, senile, rapin, daughter ashley-molesting ass:
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Big jobs miss today
Noone working
SS going down FAST
Bidens AmericaComment -
Donk
Tony Llama or Justin's?Comment -
actually, liberals blamed trump for Florence
Opinion | Yes, you can blame President Trump for Hurricane Florence - The Washington PostComment -
every day: Nocona's, made in the early 70's, for my grandfather; my grandmother gave them to me when he died back in the nineties; Ive had them "redone" at least a dozen times myself over the 26-27 years I've had them.....
goin' out: Lucchese's, also rec'd on my grandfather's death........
with those two pairs, all the other boots I had wound up at good will.......Comment -
Honest to god, this is maybe the best evidence that the USA is circling the drain.
Think about all those pay-stubs where your with-holdings were pulled off. And these fuks can't even manage to keep the fund going.
Complete joke. My only question is: Why did they admit to this NOW?Where's the fuckin power box, Carol?Comment
