I'd take a lump sum cash up front payment in lieu of SS. I wonder what the odds are of collecting SS in 5 years.
Is America bankrupt as a country? Morally, spiritually and now financially. Family values and family structure has collapsed, divorce rate is >50%, schools and the education system have sent american kids to the bottom of the barrel easily flogged by minor asian countries. There are lot more signs for those willing to just observe despite the fact that its evident that their HOME is collapsing systematically. The TOP of Empire America was 2000-2007, a beautiful rolling-over top, still in topping mode. Noticeable is the withering away of flagrant ARROGANCE. The pubic senses something deep is afoot but they know not whence it comes or what it is.
>>> Certainly 'history was made' when God created the US. <<< Correct. But then the Devil took over and slaughtered millions of God's children all over the world. God created ALL in his own image and gave us uniforms of white, black, yellow and brown. Instead of reveling and rejoicing in this, it was abused and is now out of control. The Devil is winning big. Can he be stopped? God can only look on in dismay for had the Japs or Jerries won it would be a horrendous state of affairs on earth, an existence of brutality and degredation. He selected America well, but she has abused this privelege by exponential rise in arrogance and policing. But God hates nobody and generally only looks on in dismay. But things have gone too far. So he sent in the "Angel of Intention" - this angel means business and he has opted for the method that cuts to the chase aka what defines America .... living exponentially beyond one's means, disgustingly banal consumption and arrogance in living the House of Cards style - a phoney existence that when examined closely caves in easily under even a single tonne of pressure. Evidence = the present environment deadbroke, (December 2010)
The seeds were sown with the advent of derivatives and then LTCM bailout. 2000 saw the low in gold and the top in the US dollar. Contraction of the mighty US mfg. base started in earnest. This is US destiny today. All the cheerleading in the world won't change the facts.
America then, America now, the process depicted below ..... A man is walking in a graveyard when he hears the Third Symphony played backward. When itââ¬â¢s over, the Second Symphony starts playing, also backward, and then the First. "Whatââ¬â¢s going on?" he asks a cemetery worker. "Itââ¬â¢s Beethoven," says the worker. "Heââ¬â¢s decomposing."
It is already underway as unemployment benefits are not extended. By the way they should have never created such benefits in the first place. Military spending creates jobs, tech innovations and a sense of national pride. Welfare only creates lazy hypochondriac people. That's why I love recessions everything get back to its real value, or below.
You didn't know because countries do not go bankrupt, they just default on their debt. With Greece and Ireland as an experiment, the Germans as showing the way to countries going bankrupt. Before you write silly things that show you have no idea of what you are talking about read what the term means http://www.thefreedictionary.com/bankrupt Do you think anyone can go and force the US to liquidate assets to pay for unsecure bond issues?Other than maybe some airplane abroad? Now, in the case of Greece and now Ireland, the EU help comes in the form of loans and those countries in order to get them they pledge territorial rights otherwise and if they do not satisfy that in case of default on the loans (not the bonds), they will be kicked out of the EU. They get money to replay bond principle amounts so they do not default in the form of loans secure with collateral. Now, there contries can indeed go bankrupt at least in theory. Do you think that a country with the biggest GDP in the world of about 14 trillion USD can go bankrupt? Only if you are an idiot. Are you?
Intradaybill, The only idiot here is you. While the US will never be bankrupt by law, several of these definitions apply. So stop calling people names and quit being an asshole. And get a spell/grammar checker, you pompous ass. bankrupt [ˈbæŋkrʌpt -rəpt] n 1. (Law) a person adjudged insolvent by a court, his property being transferred to a trustee and administered for the benefit of his creditors 2. (Economics, Accounting & Finance / Banking & Finance) any person unable to discharge all his debts 3. a person whose resources in a certain field are exhausted or nonexistent a spiritual bankrupt adj 1. (Law) adjudged insolvent 2. (Economics, Accounting & Finance / Banking & Finance) financially ruined 3. depleted in resources or having completely failed spiritually bankrupt 4. (foll by of) Brit lacking bankrupt of intelligence