The Welfare State

Discussion in 'Wall St. News' started by tradersboredom, May 12, 2009.

  1. tradersboredom

    tradersboredom Guest

  2. We are going to have a depression globally.

    It will start here and in the U.K. OFFICIALLY, but in reality, it's already begun in emerging economies.
  3. pspr


    I wonder what color our new money will be when the GreenBack becomes worthless.
  4. S2007S


    Who knows, but the collapse of the dollar is coming sooner than later, with trillions being printed the dollar is going to be worthless.
  5. Implementing means testing is outrageous if there is no option to opt out of Social Security. Essentially, you will be telling some people to "contribute" to the system even though they will never see a penny of their money.
  6. It's called tax. They will just rename the contribution as tax and means test at the other most pensions in other countries.
  7. zdreg


    why would they rename it? tax is an unpopular word.

    in any case these numbers have no basis in reality. they are based upon low rates of inflation. since payments are adjusted for inflation the deficiency will be even greater.

    these kind of conditions precipitated runaway inflation in South America.
  8. zdreg


    how about an honest discussion on medicaid dollars and the lifestyles that drain the system. perhaps people who overdose on drugs should not get any government aided treatment

    there is a simple solution. the US needs to become fiscally responsible in every area of its economic life. will it happen? doubtful.
    americans are soft and are irresponsible pain avoiders. europeans are not any better.
  9. social security should be an insurance program. many people pay for insurance they never use.
    #10     May 13, 2009