“Any so called solution that penalizes the seniors who had their part of their wages put into the SS trust fund is a non starter. ” – dscott
Sorry to disillusion dscott, but screwing the seniors is NOT a non-starter, it is inevitable. Why? Because the money is gone, spent, vanished, evaporated, poof! Today’s seniors are like the Enron stockholders just before the collapse. Their money has been stolen. It’s GONE! They can’t get it back.
Ken says that the government creates money. Pieces of green paper, yes, but not wealth. The government consumes wealth. The only way the money can be retrieved is to heavily tax the people still earning it. Will they stand for that? I think not.
The seniors will lose in one or both of two ways: Hyper-inflation, Zimbabwe style, with the government creating more and more cash (not money, Ken). The wage earners will strike for and get increased salaries to make up for it but the seniors on their fixed incomes will lose it all. That or the promised social security benefits will be decreased to zero. It can’t be any other way. Why?
1) The seniors deserve their fate. They are the fools who voted for FDR and LBJ and big-government Republicans.
2) They are a minority. A minority that is expanding in size, but a minority never-the-less. The only way they can get “their” money back is to steal it from the majority, just like their parents stole it from them, and the only way they can do that is if they out-vote the workers. This they will not be able to do, once the workers realize the extent of the planned larceny.
3) Since somebody has to go hungry, who is it going to be; some old geezer who lived high off the hog for 50 years, or a working mother with children to feed? Think about it!
