A time capsule of the greatest financial mania in the history of mankind, told in real-time by regular folks and patriots. May future generations better understand the madness of crowds, and how power and money corrupt.
Those are exactly the reasons why we will have massiv inflation. Government has no choice but to monitize debt, ie. print money to meet their obligations.Well OK, they have another choice, that's outright default (=deflation). Politicians being politicians I don't think that's the route they'll choose.
A couple notes for everyone.There were no budget surpluses under Clinton - SS surpluses masked all of it. And LBJ (D) is the one that started using SS to mask budget deficits (although no R as president ever changed it)SS and Medicaid are going to bankrupt America. Bush and the Republicans at least tried to do something about it. The Dems vilified them for it.With Obama in the White house and dems controlling congress – they are going to add even more to these programs. Bankrupt is going to come even quicker and harder.
America is Doomed.DIE U PIGSLet your children suffer their entire miserable wretched lives for your greedy ways.See you in Hell.
Looks like we have done a good job "rearing" our children.....
And Barack Hussein Obama will help out the situation regarding these charts? Oh that's right, he wants to make it worse by creating endless new entitlements.It's socialist traitors like FDR, LBJ, and Bush that caused this problem. What makes you think that a marxist like Obama will fix it?
Much of the Social Security surpluses have come off the backs of Mexican labor (believe it or don't) - how, you ask? Many of those here illegally have fake ID's including SSN's linked to those identities. Take a job using a fictious name (and SSN linked to that name) doing construction work - great, Juan, each week on payroll day you get to pay into an insurance system that you will never make a claim against - it is like living in the Sahara with a sailboat up on blocks and buying an Allstate policy on your watercraft in the event that it might sink. Yes, I know that many of those folks are paid in the cash economy and there is no payroll in the traditional sense, but, many of those workers are paying into that system. I know this is an "illegals bashing" site and I don't agree with allowing huge waves of "undocumented workers" into the country, but this administration (and others) have looked the other way for a long time for a reason and it was wrong to do that to people (of any color).Smug Bastard
SeattleMoose said... Looks like we have done a good job "rearing" our children.....LOL. That's perfect really. JaneZ
Our kids may enjoy watching this happen to us as we all retire on their dime (and their children's dime and their children's dime, ad infinitum....)BEIJING (Reuters) - At least a dozen shoppers, many of them retirees, were injured in a rush to buy cheap cooking oil and eggs on offer at a supermarket in the eastern Chinese city of Nanjing, according to a local newspaper.Four were taken to the hospital, including a 58-year-old woman who broke several bones. The oldest, a woman surnamed Wu, was 81, the Yangtze Evening News reported on Wednesday.A stampede at a store in Chongqing last year killed three and injured dozens. The Chinese government responded by ordering supermarkets to control special promotions.Can't you just see the U.S. Congress ordering Walmart to control those "blue light specials". JaneZ
Yes - big problems.What program did they use to make those effects?
"SS and Medicaid are going to bankrupt America. Bush and the Republicans at least tried to do something about it. The Dems vilified them for it.:this is a lie. SS is fine. it's medicaid that's the problem. that is based, according to one of the few good economists left dean baker, on ever increasing hyperinflating health care costs. the republicans were going to destroy SS so wall street could get their greedy hands on it.The Washington Post is Facing Bankruptcyhttp://www.prospect.org/csnc/blogs/beat_the_press_archive?month=08&year=2008&base_name=the_washington_post_is_facingProtectionists Warn Over National Debthttp://www.prospect.org/csnc/blogs/beat_the_press_archive?month=08&year=2008&base_name=protectionists_warn_over_natiohttp://www.prospect.org/csnc/blogs/beat_the_pressSS is fine for DECADES.
Nice Chart , but you forgot to take into consideration that the Work force in the United States will continue to increase therefore, adding additional funds to SS.Charts are good indicators but they don't predict the future. The world is not static, the world is constantly growing and changing. These charts will reverse themselves eventually.
Morons...What do you mean "our" kids... I'm 47 and have been paying in for years and will never see a nickel... Never vote for an incumbent... STOP STOP STOP
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