@omgsidewalks Okay, but explain how you get there without slavery.
If someone produces housing, food, or anything else, and you take it but don't pay for it, you have made them your slave.
@RMGaustad We're the brokest country. $40T in the red.
Aside from that, it's a simple minded person who either defends or health care system, or clamors for the f-ed up mess the rest of the World deals with.
A great healthcare system is easy. Instead, we fight over 2 stupid options.
@jeremyct It's a Ponzi scheme that was not structured for the way things changed.
If you are wondering where the money went, you don't understand anything
@marklucovsky@ronrule You missed the whole point? How could you possibly miss the entire point? Go back and read that as many times as you need to until you understand the point!
In 2001 George W Bush proposed a partial privatization plan for Social Security so you could put 10% of your SS contribution into the markets.
People rejected this.
We can now see that if it had passed, the 10% that went into the markets would have outperformed the 90% the government managed, the program would be solvent, and the average SS recipient would be receiving 2X what they currently receive.
The worst bet you’ll ever make is betting on government.
@SenWarren The federal budget is nearly $7T! Congress could fix any problem it wanted to.
No matter how much you explode the budget, it is never enough. "Just give us more money and this time will actually help you."
No. You won't. And only an idiot would believe you.
@compliantvc The federal government collcts $5T every year. They spend an additional $2T. That's $7T!!!
If the government wanted to help people, they have the money to do so. They don't need more money.
There is no amount of tax that you are ever going to see.
@skumWgmi Life is hard. But things break down fast if our challenges can be exported to others.
Bank don't just write off a loss. It lowers their tax burden, but they lose.
Agency's sue, but collect very little.
So, yes, life is hard. But it's harder it your stupid!
@KyleKulinski Hold on, first explain why Social Security should be saved.
I know, we've paid in for 30-40 years. We deserve our $2K per month.
But if SS was set up as an IRA, we would retire millionaires.
So, explain why it should continue like it is.
@RBReich Wait, the debt is growing because the collecting $5T every year just isn't enough?
Are you sure it has nothing to do with waste, fraud, and mismanagement?
How about, no!
@MrDigit A significant number of those paying high interest will default. They have nothing. So it is a total loss for the bank.
Yes, you are bad with money. Stop complaining, start learning.
@Olking07 There is no way to add $2T to the deficit every year and not have inflation.
There is only one thing both parties agee on: spending more money.
@rushicrypto The truly ignorant part is thinking you'll get a share of that tax money.
Government is spending $2T more than they take in. Every single year. How much of that are you getting?
I mean, you people make ignorant an art form.
@RBReich The government's mismanagement has put the nation in a bind. And something like this may be necessary.
But it would be nothing short of criminal to just preserve the Ponzi scheme, rather than use this as a transition to an IRA style system.