Name what you would do to turn the economy around

[dellinger63]

Originally Posted by Riot

Joey, would you be willing to read this article on Social Security? Especially the short paragraphs regarding benefit payouts and the trust fund?

http://en.wikipedia.org/wiki/Social_...ited_States%29

The Social Security fund needs to be diversified. The Treasury needs to pay back its trillions in IOU's and allow the SS trust fund to be invested in a much safer, diversified portfolio including investments in American businesses, ie jobs! The Fed borrowing money from SS with the promise to pay it back is equivlent to Pascuale Ponzi borrowing from Mario Ponzi. Both should sound the same alarms.

[Riot]

Originally Posted by dellinger63

The Social Security fund needs to be diversified.

Damn glad it's not! We would have lost 1/3 of the funds' value in the past 10 years.

The Treasury needs to pay back its trillions in IOU's and allow the SS trust fund to be invested in a much safer, diversified portfolio including investments in American businesses, ie jobs!

Never in a million years. "Safer"? Are you completely unfamiliar with the world? The stock market isn't "safer" . Investing in new business isn't "safer". That's simply absurd!

The fact is that Social Security is completely fine, and it's sound, conservative, safe investment in the United States of America will continue to pay out 100% of benefits as it always has in the past, without any changes, until 2032. The most successful and dependable social program in the world. Has never missed a payment.

At that point, if nothing is done, there is only enough money to pay out 78% of current benefits. That is something readily and simply fixed before 2032, with a small adjustment to the cap. That will continue the program safely and soundly for decades.

[clyde]

I think if Paine,Jefferson,Washington,Revere,Hale,et al.....all those who braved that wretched big ol' sea and an unsettled land to escape tyranny....if they put themselves in a bottle and had it thrown in another far off sea in hopes of returning here to take in what the future held...and they washed up in this room...


what would they say?



I think it might be:









"Oh boy."

[Riot]

I think it would be, "You're kidding - you can drink the water?"

[clyde]

I think it would be, "You're kidding - you can drink the water?"



That was awful.

[Riot]

Originally Posted by clyde

I think it would be, "You're kidding - you can drink the water?"



That was awful.

But probably true. Potable water commonly available. And no smallpox.

[clyde]

Originally Posted by Riot

But probably true. Potable water commonly available. And no smallpox.

See what I mean?