reply to post by Klaatumagnum
The scheme can't last and this is why Obama wants to mandate people into a broken system.
If these schemes were tried in the private sector, people would be in jail with Madoff.
I think America will break into two classes. The Global class and the Slave class.
The Global Class - this will be people with money who can invest overseas in emerging markets or move overseas if they have to.
Slave Class - this will be people who are slaves to the government. Their labor will be owned by the government in exchange for cradle to the grave
entitlements.
For example, Oprah avoided moving to California even though she wanted to move because of California's high taxation. Oprah has a house in Cali but
she doesn't stay there long enough to be considered a resident and then she can avoid the taxes.
Now if billionaire Oprah doesn't want to pay the heavy taxation, imagine the middle class person who can't get on a jet an leave the state and fly
to another house. This will happen throughout America as people leave or move their money out of the country.
The problem is big government, massive debt and these pyramid schemes called entitlement programs.
Again, the government collects taxes to pay out benefits. They spend that money and then they depend on a certain amount of people dying so they
don't have to pay out more money than they take in.
The problem is people are living longer so they have to "reduce the volume of healthcare" like Obama said. This just means rationing healthcare and
killing folks in order to close the top of the pyramid.
So when you get to a point where the government is paying out more than it's taking in then the pyramid is about to collapse and America is in
trouble. Sadly this is already occuring and this is why Obama and the democrats are lying to you.
Social Security to Start Cashing Uncle Sam's IOUs
AP
This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in
benefits than it collects in taxes — nearly $29 billion more.
PARKERSBURG, W.Va. – The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs
from the federal government, payable to the Social Security Administration.
It's time to start cashing them in.
For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.
Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay
out more in benefits than it collects in taxes — nearly $29 billion more.
www.foxnews.com...
Here's another one:
Medicare paying out more than it takes in
The financial health of Social Security and Medicare, the government's two biggest benefit programs, have worsened because of the severe recession,
and Medicare is now paying out more than it receives.
Trustees of the programs said Tuesday that Social Security will start paying out more in benefits than it collects in taxes in 2016, one year sooner
than projected last year, and the giant trust fund will be depleted by 2037, four years sooner.
Medicare is in even worse shape. The trustees said the program for hospital expenses will pay out more in benefits than it collects this year and will
be insolvent by 2017, two years earlier than the date projected in last year's report.
abcnews.go.com...
The programs should be phased out.
First you raise the eligibility age for people under 40 like myself and eventually you phase them out.
In a global economy with cheap labor you can't have massive government and massive debt.
Again, they are lying to America because the pyramid schemes are about to crash.
When an investor runs a ponzi scheme he does the same thing. He will need more and more investors at the bottom of the pyramid to pay returns to
investors at the top of the pyramid. When there's not enough new investors entering the scheme then the system crashes.
This is what's happening with the government.