ShooterTX said:

---

Aliceinbubbleland said:

---

Similar issues haunted Democrats in the 1960's with the Vietnam War protest riots. It cost them the WH and Richard Nixon went on to victory promising and end to the war. The end was simply to withdraw.

---

Nixon didn't withdraw.
He bombed the **** out of the VC leadership, and forced them to sign a peace treaty under his terms.

The loss of Saigon occurred after Nixon left office. The stupid dems undid everything Nixon had done, regardless of the consequences. One of the undoings was to recant from the treaty, including our promise to protect the south from any future invasion.
The dems allowed the commies to invade and take over the south.

---

Saigon fell in 1975. Nixon resigned in 1974. His term would have ended in 1976

Osodecentx said:

---

ShooterTX said:

---

Aliceinbubbleland said:

---

Similar issues haunted Democrats in the 1960's with the Vietnam War protest riots. It cost them the WH and Richard Nixon went on to victory promising and end to the war. The end was simply to withdraw.

---

Nixon didn't withdraw.
He bombed the **** out of the VC leadership, and forced them to sign a peace treaty under his terms.

The loss of Saigon occurred after Nixon left office. The stupid dems undid everything Nixon had done, regardless of the consequences. One of the undoings was to recant from the treaty, including our promise to protect the south from any future invasion.
The dems allowed the commies to invade and take over the south.

---

Saigon fell in 1975. Nixon resigned in 1974. His term would have ended in 1976

---

You think Saigon falls with Nixon still in office?

The_barBEARian said:

---

boognish_bear said:

---

BREAKING: Netanyahu's Cabinet votes to close Al Jazeera offices in Israel https://t.co/AUAa73HkmS

— The Associated Press (@AP) May 5, 2024

---

I hope Trump does the same thing with the New York Times.

---

Does the New York Times ever turn a profit ?

FLBear5630 said:

---

Osodecentx said:

---

ShooterTX said:

---

Aliceinbubbleland said:

---

Similar issues haunted Democrats in the 1960's with the Vietnam War protest riots. It cost them the WH and Richard Nixon went on to victory promising and end to the war. The end was simply to withdraw.

---

Nixon didn't withdraw.
He bombed the **** out of the VC leadership, and forced them to sign a peace treaty under his terms.

The loss of Saigon occurred after Nixon left office. The stupid dems undid everything Nixon had done, regardless of the consequences. One of the undoings was to recant from the treaty, including our promise to protect the south from any future invasion.
The dems allowed the commies to invade and take over the south.

---

Saigon fell in 1975. Nixon resigned in 1974. His term would have ended in 1976

---

You think Saigon falls with Nixon still in office?

---

Yeah. We weren't committed

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

Social Security always was a boondoggle and a terrible idea economically when when it began in 1935 during the Great Depression. FDR and the Dems in Congress approved this mainly for political reasons, like most stupid government programs.

The truth of the matter is that the New Deal was failing (unemployment was still around 20%) and FDR was running for re-election in 1936. He stole the idea from Dr. Francis Townsend and needed it because Huey Long was a seriously challenge in the Democratic primaries. Long was pushing an even more idiotic agenda that was more openly socialist, "Share Our Wealth." It had no chance of working and likely would have caused more damage than the New Deal but it became irrelevant when Long was assassinated and FDR was elected in another landslide.

As enticing as that might sound, he cannot and he will not. The key is to have an effective press secretary to counter the lies & disinformation of the NYT, CNN, etc. Trump made wise choices for this position the first time.

Establishment republicans and democrats always coming together on the important issues

BLINKEN/ROMNEY: ISRAEL’S PR FAILURE IS DUE TO SOCIAL MEDIA, ESPECIALLY TIKTOK pic.twitter.com/k3kxtC6vRR

— The_Real_Fly (@The_Real_Fly) May 6, 2024

The Israel Defense Force has begun issuing Evacuation Orders for the City of Rafah in the Southern Gaza Strip, beginning with several Neighborhoods which are closest to the Israeli Border, Palestinian Residents are being told that they should Immediately Evacuate to a…

— OSINTdefender (@sentdefender) May 6, 2024

historian said:

---

As enticing as that might sound, he cannot and he will not. The key is to have an effective press secretary to counter the lies & disinformation of the NYT, CNN, etc. Trump made wise choices for this position the first time.

---

If Trump is elected, he should consider dissolving the White House press corps and simply releasing videos on X.

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

whiterock said:

---

FLBear5630 said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

---

Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

---

I knew there was an answer! So, maybe RINO or UniParty fit better? There are so many to choose from...

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

And when that fails they'll have to raise it 85 eventually...then higher and higher because the mechanism at hand is still there.

They're going to "fix it" by raising the payroll tax from 6.25% to 12.50%, or it's going to pay only 76% of the program's cost instead of 100% in less than 10 years.

If that's the remedy then I can expect the payroll tax to be around 20% in my 50s, or its only going to pay 45% of the program's cost.

Good idea! Too bad it won't happen.

I'm not sure if it's a complete fix, but it's a step in the right direction.

whiterock said:

---

FLBear5630 said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

---

Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

---

Neoconservatism has domestic aspects too. Unfortunately, they are all based upon Keynesian economics with the corresponding results.

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

And when that fails they'll have to raise it 85 eventually...then higher and higher because the mechanism at hand is still there.

They're going to "fix it" by raising the payroll tax from 6.25% to 12.50%, or it's going to pay only 76% of the program's cost instead of 100% in less than 10 years.

If that's the remedy then I can expect the payroll tax to be around 20% in my 50s, or its only going to pay 45% of the program's cost.

---

As I understand Social Security, the payroll tax is only half the total: employers pay an equal amount in tax as well but it's not deducted from anyone's paycheck. It's a very clever way to hide it.

The pro-Hamas mobs on campuses are financed by the same people financing Joe Biden:

https://notthebee.com/article/politico-investigated-the-funding-behind-anti-israel-protests-on-campus-and-surprise-theyre-the-same-people-who-are-funding-the-biden-campaign

historian said:

---

whiterock said:

---

FLBear5630 said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

---

Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

---

Neoconservatism has domestic aspects too. Unfortunately, they are all based upon Keynesian economics with the corresponding results.

---

I do not know of one GOP member that is Keynesian. I see some Dems being pure Keynesian. Neo-Keynesian is what I observe, focusing on stability and economic growth with the Fed playing the equalizer. I am not an economist, so beyond the basics I am not literate enough to go into the intricacies. I do know we have been on this road for a long time.

I don't know…. Many GOP Congress critters routinely vote on huge spending proposals with no consideration for the fiscal impact. But I was speaking more historically: Richard Nixon, arguably the first neoconservative politician, famously (infamously, actually) said, "We are all Keynesian's now", tried waged & price controls to deal with the 1970s stagflation, and took the US off the gold standard permanently. When it comes to economics, neoconservatives tend to resemble Leftists more than conservatives except grey like tax cuts.

ShooterTX said:

---

Nixon didn't withdraw.
He bombed the **** out of the VC leadership, and forced them to sign a peace treaty under his terms.

The loss of Saigon occurred after Nixon left office. The stupid dems undid everything Nixon had done, regardless of the consequences. One of the undoings was to recant from the treaty, including our promise to protect the south from any future invasion.
The dems allowed the commies to invade and take over the south.

---

He withdrew. His promise was to bring the troops home.

Quote:

---

How did the US finally end the Vietnam War?

In January 1973, the Paris Peace Accords officially ended US involvement in the Vietnam War, although the majority of US troops would not leave until August of that year and the fighting between North and South Vietnam would continue until the fall of Saigon in 1975.

---

PS. We were still on the ground when Saigon fell. I WAS THERE.

historian said:

---

I don't know…. Many GOP Congress critters routinely vote on huge spending proposals with no consideration for the fiscal impact. But I was speaking more historically: Richard Nixon, arguably the first neoconservative politician, famously (infamously, actually) said, "We are all Keynesian's now", tried waged & price controls to deal with the 1970s stagflation, and took the US off the gold standard permanently. When it comes to economics, neoconservatives tend to resemble Leftists more than conservatives except grey like tax cuts.

---

True, my point is really minutia in the terms of politics. It is the same concept, just the focus on growth rather than employment and the Fed's role. But, for 99% of the people, you are correct.

I forgot the Nixon quote. That is a great quote, nice pull.

I am getting old. My 24 year old son just informed me that I congratulated you on picking up a hot girl... Nice Pull in my day, meant good effort, good job. Now days, apparently it means something different, although the basic theme may be the same of good effort...

Whenever you hear people say that Gaza is filled with innocent people, and it is just the leaders of Hamas who are evil... just remember this clip.

Chilling convo between an IDF officer and a Gaza resident.

IDF Officer: You need to evacuate for your own safety

Gazan: “We want to die”

IDF officer: “You need to to leave, the blast radius will be immense and it will effect you”

Gazan: “We aren’t leaving, Ki*ll the… pic.twitter.com/mNX98SoU0a

— Open Source Intel (@Osint613) May 6, 2024

These are the people of Gaza. They hate the Jews more than they love their own children. They are evil psychopaths.

ShooterTX said:

---

Whenever you hear people say that Gaza is filled with innocent people, and it is just the leaders of Hamas who are evil... just remember this clip.

Chilling convo between an IDF officer and a Gaza resident.

IDF Officer: You need to evacuate for your own safety

Gazan: “We want to die”

IDF officer: “You need to to leave, the blast radius will be immense and it will effect you”

Gazan: “We aren’t leaving, Ki*ll the… pic.twitter.com/mNX98SoU0a

— Open Source Intel (@Osint613) May 6, 2024

These are the people of Gaza. They hate the Jews more than they love their own children. They are evil psychopaths.

---

With Israel and Palestine there are no heroes and both sides use propaganda to attempt to manipulate Americans

Aliceinbubbleland said:

---

ShooterTX said:

---

Nixon didn't withdraw.
He bombed the **** out of the VC leadership, and forced them to sign a peace treaty under his terms.

The loss of Saigon occurred after Nixon left office. The stupid dems undid everything Nixon had done, regardless of the consequences. One of the undoings was to recant from the treaty, including our promise to protect the south from any future invasion.
The dems allowed the commies to invade and take over the south.

---

He withdrew. His promise was to bring the troops home.

Quote:

---

How did the US finally end the Vietnam War?

In January 1973, the Paris Peace Accords officially ended US involvement in the Vietnam War, although the majority of US troops would not leave until August of that year and the fighting between North and South Vietnam would continue until the fall of Saigon in 1975.

---

PS. We were still on the ground when Saigon fell. I WAS THERE.

---

Nixon did both: hd bombed the Ho Chi Minh trail in Cambodia to get the commies to negotiate and was able to broker a deal (really it was Kissinger). That all began to fall apart because of Watergate.

Israel is now in Control of the Egyptian Border with the Gaza Strip for the First Time since the 2005 Israeli Disengagement from Gaza.

— OSINTdefender (@sentdefender) May 7, 2024

FLBear5630 said:

---

whiterock said:

---

FLBear5630 said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

---

Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

---

I knew there was an answer! So, maybe RINO or UniParty fit better? There are so many to choose from...

---

Conceptually, the UniParty label would fit her best, and the NeoCons are loosely a part of that. Certainly, NeoCon thinking dominates UniParty foreign policy formulation. Certainly the perception that she is UniParty is what killed her chances. The big Democrat donors that got behind her didn't help her in that regard, either. She also got a bit shrill with attacks that implicitly endorsed the lawfare aimed at him, at a time when abusive lawfare is actually a top concern for the base, and opposition to it is a unifying issue within the GOP coalition. That positioned her to be attacking the base.

Never attack the base, man....never. Lose-lose proposition.

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

And when that fails they'll have to raise it 85 eventually...then higher and higher because the mechanism at hand is still there.

They're going to "fix it" by raising the payroll tax from 6.25% to 12.50%, or it's going to pay only 76% of the program's cost instead of 100% in less than 10 years.

If that's the remedy then I can expect the payroll tax to be around 20% in my 50s, or its only going to pay 45% of the program's cost.

---

you might be correct if our demographics start to decline.

at the rate Biden is adding illegal immigrants tot he country, demographic decline is not going to be a major issue.

(hint: if you think tacit UniParty support for open borders and mass migration of illegal immigrants isn't driven in large part by the need to ensure macro-economic prerequisites required for solutions of many fiscal problems....you are not thinking clearly.)

historian said:

---

whiterock said:

---

FLBear5630 said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

---

Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

---

Neoconservatism has domestic aspects too. Unfortunately, they are all based upon Keynesian economics with the corresponding results.

---

The policy makers have to balance a budget regardless whether they are looking to Keynes or Hayek for inspiration.

FLBear5630 said:

---

historian said:

---

whiterock said:

---

FLBear5630 said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

---

Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

---

Neoconservatism has domestic aspects too. Unfortunately, they are all based upon Keynesian economics with the corresponding results.

---

I do not know of one GOP member that is Keynesian. I see some Dems being pure Keynesian. Neo-Keynesian is what I observe, focusing on stability and economic growth with the Fed playing the equalizer. I am not an economist, so beyond the basics I am not literate enough to go into the intricacies. I do know we have been on this road for a long time.

---

Unfortunately, the government has a terrible track record with promoting economic growth. If the politicians really want to promote economic growth the best thing they can do is get out of the way. Government efforts to stimulate the economy tend to stimulate government more than anything else and the bloated government is more parasitical than anything else.

historian said:

---

FLBear5630 said:

---

historian said:

---

whiterock said:

---

FLBear5630 said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

whiterock said:

---

Doc Holliday said:

---

historian said:

---

Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

---

They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

---

Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

---

I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

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We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

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Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

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in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

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Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

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Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

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Neoconservatism has domestic aspects too. Unfortunately, they are all based upon Keynesian economics with the corresponding results.

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I do not know of one GOP member that is Keynesian. I see some Dems being pure Keynesian. Neo-Keynesian is what I observe, focusing on stability and economic growth with the Fed playing the equalizer. I am not an economist, so beyond the basics I am not literate enough to go into the intricacies. I do know we have been on this road for a long time.

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Unfortunately, the government has a terrible track record with promoting economic growth. If the politicians really want to promote economic growth the best thing they can do is get out of the way. Government efforts to stimulate the economy tend to stimulate government more than anything else and the bloated government is more parasitical than anything else.

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historian said:

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FLBear5630 said:

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historian said:

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whiterock said:

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FLBear5630 said:

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whiterock said:

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Doc Holliday said:

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whiterock said:

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Doc Holliday said:

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whiterock said:

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Doc Holliday said:

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historian said:

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Unfortunately, that is true. Social Security is the largest Ponzi scheme in history. They all have insane obligations that will not all be possible at some point. If you think our national debt is insane, look at our unfunded liabilities (lower right):

https://www.usdebtclock.org/

It is unsustainable and our incompetence Congress just voted to send another $61 billion of your grandkids' money to the Ukraine forever war.

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They'll have to print money which will lead to even more inflation,

Inflation is legal counterfeiting and counterfeiting is criminal inflation. Central banking is a coordinated currency counterfeiting cartel that runs the world.

Milton Friedman said money printing is just like alcoholism: you feel good at first and then you eventually have the hangover. The same is true about inflation, every time there's a crisis you have to print an exponential amount of money because there's an exponential amount of liabilities from the last round of printing.

It will eventually hyperinflate into worthlessness if they continue doing this.

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Remember, there is a method to the madness = Inflation services debt.\

And one more even less well understood concept. We do not have to maintain a terribly tidy financial house; it just has to be tidier than anyone else's.

We can do whatever the hell we want, and as long as EU, Germany, Japan, UK, France, etc.....are in worse shape.......everyone will flock to the dollar and keep it alive.

You don't have to outrun the lion.
You just have to outrun your buddy.

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I'm not saying all debt is bad or unnecessary…but the current expenditures are insane.

The US govt raises $5 trillion per year in revenue. Social Security, Medicare, Medicaid and interest on the debt cost $5 trillion per year. Everything else requires debt to pay for. Defense, State Dept, Agriculture, Education, NASA ... everything.

The level of inflation we've been dealing with is far outpacing wages. The idiotic Keynesian economists claim otherwise, but buying power is in major decline and that stems directly from printing money which causes inflation. We can't continue to go down the current path.

If debt really doesn't matter then you could print unlimited amounts of money. We know that doesn't work and countries like Venezuela have tried and it resulted in chaos.




They're gonna raise SS to age 70 which is 35 years before I turn 70. Im barely gonna get anything out of it after paying for a lifetime. It sucks ass man.

---

We should raise SS to 72 as full retirement.

Extending out the retirement age will slow the decline of the workforce by retaining our most highly skilled workers. That will also retain our most highly compensated workers (an incremental add to the wage tax base). More to the point, though, SS was not intended to be a two-decade long defined benefit plan. we waited way too long to start nudging it up. And nudging it up is indeed the way they will fix it. The worse the demographic tree looks, the more they'll have to nudge it up. You need X number of workers to pay for Y number of retirees......

I have no plan to retire to read books & watch bobbers in the creek. The stuff I like to do costs money.....

---

Us average life expectancy for a male is 73. Lifespan is also rapidly declining because of our diets and lack of exercise.

If they keep raising it then everyone who could qualify for it will be dead. So what the hell is the point of SS if the vast majority of people don't ever get it?

---

in 1935, when Social Security was enacted, life expectancy was 61.7 years.
in 1935, when Social Security was enacted, full retirement age was 65

Today, SS full retirement is 67.
Look at what's happened to life expectancy.

Full retirement age has not kept pace with life expectancy. Fix that, and you fix social security.

---

Haley said that, but she is a NeoCom. You a closet NeoCom, Whiterock?? : )

---

Beware the mixing of political metaphors...... NeoCon is a foreign policy epithet; SS is a domestic policy issue.

(wink)

---

Neoconservatism has domestic aspects too. Unfortunately, they are all based upon Keynesian economics with the corresponding results.

---

I do not know of one GOP member that is Keynesian. I see some Dems being pure Keynesian. Neo-Keynesian is what I observe, focusing on stability and economic growth with the Fed playing the equalizer. I am not an economist, so beyond the basics I am not literate enough to go into the intricacies. I do know we have been on this road for a long time.

---

Unfortunately, the government has a terrible track record with promoting economic growth. If the politicians really want to promote economic growth the best thing they can do is get out of the way. Government efforts to stimulate the economy tend to stimulate government more than anything else and the bloated government is more parasitical than anything else.

---

Didn't say they were good at it...