Social Security: A Classic Case Of Debt Denial

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The idea that nothing would happen besides if the government stopped honoring their intergovernment bonds is incredibly short sited. Those bonds are used in more cases than just the social security system, and once they were cut no government organization would ever accept them again. The idea that the government would cut ANY bond would still have a degree of impact on market speculation, which while not as large as cutting public bonds would still be damaging, and social security money is money that near guaranteed to go directly into circulation thus making it an influential element of the economy. There is no way you could simply claim those bonds have no value and expect there not to be any damage. Social security has to be changed gradually, not instantly defunded and erased.
 
This a great example of why free people should not turn over their freedom and security to an instituition. It is broke. At best it is a inter-generational ponzi scheme.

The generation of the early 1900’s that allowed this system to take hold like a tough blood sucking leach are simply unpatriotic cowards. This was the progressive movement.

The generation of the 1950’s that could have made positive changes but did’nt are the spineless ones now fading into the past. This was the beginning of the “me” generation.

Our current generation is so disillusioned with rhetoric and lack of solid common sense facts on the matter, they are unable to act.
 
Samuel63 said:
This a great example of why free people should not turn over their freedom and security to an instituition. It is broke. At best it is a inter-generational ponzi scheme.

The generation of the early 1900’s that allowed this system to take hold like a tough blood sucking leach are simply unpatriotic cowards. This was the progressive movement.

The generation of the 1950’s that could have made positive changes but did’nt are the spineless ones now fading into the past. This was the beginning of the “me” generation.

Our current generation is so disillusioned with rhetoric and lack of solid common sense facts on the matter, they are unable to act.
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What you say is true, IMO. Social Security has always been a ponzi scheme. It was never intended to be the solitary retirement plan for an individual, but our Congresses, in their collective wisdom (?) continued to give raises even while the number of people working to support one retiree fell. Changes are absolutely going to have to be made. The GOP plans I have even heard mentioned is a gradual change. I don’t think this would surprise any of the young people today, most of whom do not believe that SS will be there when they retire. But every time the subject comes up, our Dem friends start the usual mantra that Republicans do not care about people. And some of us even buy that.
 
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