On Mon, Mar 14, 2011 at 3:12 PM, Gruss Gott <[email protected]> wrote: > > > Couple of points: > > (1.) Social Security is a pay-as-you-go plan. If we can pay, it can go. So > in that sense it's good forever. The problem is that we need money and SS > has money so we need to take SS's money so we can grow our economy and > hopefully pay it back.
Not true. Less people are paying in than are taking out. So we need to go to the lock box and use that money to balance it out. But that box is filled with IOU's. We also have the interest from those IOU's to keep us floating for 25 more years. Except nobody pays interest on IOU's. So yes, we print money to replace the IOU's and expect countries to just keep accepting it. It's a scam that's gone on way too long. > (2.) Yes corporations have lots of money in the bank but they're a small > part of our employment and only one factor in the equation. One part is the new permanent unemployment. Welfare is back and it's not caused by laziness. It's lack of jobs. Get the jobs back and it'll be a major factor in the economy. > The US government is dumping trillions of dollars into the economy to try to > get everyone to feel better. There's no choice but to do that. And we're > borrowing 70% of that money from the Fed which will have to be paid back by > you and your kids. That's what the Republicans are actually trying to stop. That's what Walker put a stop to. That's why repealing ObamaCare is so important. > Assuming dumping these trillions into the economy gets all factors of the > equation running normally, then we'll have fix our budget because at the > current rate interest and entitlements alone will consume our entire GDP by > 2025. Exactly why we need to change course. If what you're doing is failing why keep doing it? Unemployment is still near 10%. Banks are still rich but not lending money. We spent a $Trillion stimulating the economy and got nothing. Everything they did in the last two years was a total failure. Let's do something else. You don't even need an 80+ IQ to figure that out. > Of course the problem is if our economy ISN'T fixed by dumping the trillions > in. Then we have all the debt and none of the gains ... Dumping trillions in can't help and hasn't. It didn't even give us a temporary bump. Nada. Yet we still have to pay it back. That sucks. > Oh, and trying to say that any of this depends on who's elected is like > worrying about whether your pilot if a catholic or a jew; at the end of the > day he's just gotta fly the plane. It's more like worrying if your pilot ever flew planes or was just a community organizer. Or if he was taught how to land a plane. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Order the Adobe Coldfusion Anthology now! http://www.amazon.com/Adobe-Coldfusion-Anthology/dp/1430272155/?tag=houseoffusion Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:335165 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/groups/cf-community/unsubscribe.cfm
