quote:

Sorry man. Promise broken. They stole our money. It is gone.

Indeed it is. Long gone. They don't have *anyone's* SS money anymore. And resisting that truth is perpetuating an enormous lie at everyone's and the country's expense.

You got screwed, so did I, and millions of others. Deal with it. No one is getting paid back, expect by fucking ourselves to an even larger extent than present. No good comes of it.

I'll happily take an immediate cessation of SS taxes with the understanding that what's been paid is forever lost to the cause or at least indefinitely deferred until budget surpluses exist again and are prioritized by age/need, or any similar solution that ends the bullshit. Make it stop. End the lie.

quote:

Originally posted by chellim1:
But gold isn't the answer.
We are seriously fucked if we don't address this problem.

It's a great answer for the individual, but not the collective. And yes, we are seriously fucked if we don't address it.

quote:

...if you paid in, then you should get something back,...

"Something" being the operative word. You should get back what you paid in plus some moderate interest. Problem is, most people are, and have been, "getting back" vastly more than they put in.

I'm due SSI in 3 years, paid it. Want it.
Get busy Bureau of Engraving and Printing.

https://www.youtube.com/watch?v=BLrpg8Bya24

GGF

quote:

Originally posted by JALLEN:

quote:

Originally posted by chellim1:
Seriously... that guy has made more money on gold than anyone else in the last 8 years or so.

But gold isn't the answer.
We are seriously fucked if we don't address this problem.

Hopefully you're being facetious. Gold was $1800 on its way to $2500 5-10 years ago. I heard it 18 times a day and on the radio, too.

Gold has come up from close to $1000 in the last year or so.

"I heard it 18 times a day and on the radio, too."
Yep.... and don't you think those people pumping it got paid? Don't you think William Devane is well paid to pump people to buy gold?

Do you think that buying gold is the answer to our debt problem?

I don't.

quote:

Originally posted by BadDogPSD:
I'm not sure I consider social security and Medicare "entitlements" as most of us pay into these programs all of our working lives.
Of course over the years these programs have been bastardized and have had funds raised for other things.

A couple of thoughts.

1. Social security would be just fine if the assholes had not used it to buy votes from people who never paid in a freaking dime!!!!1 And there are a BUNCH of them in that category.

2. The real national debt, as I recall from some time ago is really much higher than that.

http://www.npr.org/2011/08/06/...ion-try-211-trillion

From the site listed above.

"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness."

The last time I saw the "total number" is was at 200 trillions.

quote:

"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness."

Yes... the politicians have bought a lot of votes with promises that cannot be kept.
But the current crop of politicians just wants to kick the can down the road a little farther... until they get theirs.
They don't go to Washington to save the country.... They go to Washington to get a piece of the pie!

quote:

Originally posted by roberth:

quote:

Originally posted by BadDogPSD:
I'm not sure I consider social security and Medicare "entitlements" as most of us pay into these programs all of our working lives.
Of course over the years these programs have been bastardized and have had funds raised for other things.

Correct, they are only entitlements if the recipient never dropped a dime into them, if you paid in then you should get something back, if you didn't pay in you shouldn't get a wooden nickle unless your spouse paid in and you're getting that.

This! I pisses me off to hear them called entitlements. Its our fucking money or it was until Congress stole it and gave it to every fucking yahoo that applied.

RMD

quote:

Originally posted by GGF:
I'm due SSI in 3 years, paid it. Want it.
Get busy Bureau of Engraving and Printing.

https://www.youtube.com/watch?v=BLrpg8Bya24

GGF

This why I say there will be no correction from politicians nor the public. No one wants the haircut. So we will have an uglier correction imposed by natural consequences. I believe it will come in the form of a calamitous collapse. With govt gone or impotent, an immoral and desperate population will consume itself insatiably. Unless you, I and everyone else is willing to take a hit now, we'd all better get ready for anarchy. Past is prologue.

quote:

I believe it will come in the form of a calamitous collapse. Past is prologue.

We can just mint some new $ Trillion coins to pay off the debt and all will be well.... right?

Unfortunately, it didn't work for Diocletian.

The Roman Empire was in decay when Diocletian became emperor in the fourth century. The economy was in disarray from a series of costly wars and previous emperor’s building projects that left Rome in debt and near collapse. With Rome’s currency worthless, Diocletian introduced a new system of coinage....

Politics being what they are, it will take a real calamity for the debt issue to be addressed seriously. For now the politicians are too busy looking for campaign contributions for their next election. I mean truly, and not to be an alarmist in any form, can anyone imagine a scenario where this ends well?

quote:

Originally posted by Sigmanic:
Politics being what they are, it will take a real calamity for the debt issue to be addressed seriously. For now the politicians are too busy looking for campaign contributions for their next election. I mean truly, and not to be an alarmist in any form, can anyone imagine a scenario where this ends well?

Nope. Better read Patriots: Surviving the Coming Collapse by Rawles. Then get busy.

In no way do I see this ending well. Sadly at my age I am sure I will get to see how truly ugly it will be. Not only for me but for my children.

In my opinion we have to get over that we paid into social security. Yes the government stole that money, but it's gone with no chance of getting it back. That's the reality we have to start with. If that means I never retire (even though it's a long way off) then so be it. I am willing to make sacrifices on the chance that things will be better for my kids and frankly for the country as a whole.

Just wait.
Eventually they'll come after your 401k.

quote:

The restraint on growing expenditures in the 1980s wouldn’t have happened “without Reagan’s steadfast commitment to spending control.” And there would have been no welfare reform in 1996 without Mr. Clinton’s push.

Odd, I seem to recall Klin-ton was fully against the welfare reform until the GOP passed it under their "Contract With America" under Gingrich. I recall he was going to veto it until Morris convinced him it would be political suicide to do so. And when it passed, Pee-losi said that later they would "fix it". That's why we have those IRS tax credits that get paid to people who haven't even paid into the IRS. It's just another welfare program paid out by the IRS, not HHS.

quote:

Originally posted by Schmelby:
Just wait.
Eventually they'll come after your 401k.

Yep. Eventually they'll be looking at having to cut SS, but will look at a large pile of money sitting in those accounts. They'll start claiming it's not [bleatingsheep] f-a-a-a-a-a-a-a-i-r [/bleatingsheep] that "the rich" have all this money while little Juanita has to go to bed hungry every night. You'll see endless news story of some elderly minority living in squalid conditions with only a can of cat food to live on, contrasted against some old white men on the golf course in their silly pants. Ismorelda struggling with her arthritic hands to open her last can of cat food, contrasted with old white guys in swank restaurant having surf and turf. In the past their have been a few quotes of some Dhims suggesting raiding 401(k)'s, but those get quickly buried. "Taken out of context" and all that. Media won't report it. But does anyone doubt that a large section of the pols in DC would have no problem raiding those accounts (with, of course an exemption for THEIR accounts)?

They can pry my 401K from my cold dead fingers.

Don't worry. They'll give you an IOU for it.

quote:

Originally posted by TBH:
They can pry my 401K from my cold dead fingers.

Won't have to - they'll just deduct it electronically from your account. At which point a large percentage of gainfully employed folks will simultaneously say "fuck it" clean and load their rifles and start shaking things up

Just keep making ammo and vac pack 'em all.