Accounting Fraud and Ponzi Schemes Don't Apply to Goverment

[TheWolf]

Originally Posted by kingkilburn

You are a fool. You should do some actual research on SS before Reagan. It worked extremely well.

SS is not collapsing under it's own weight. It has been warped into us paying for our grand parents because their money was robbed from them.

What needs to happen is the Feds paying back what they took. Then it is no longer a ponzi scheme. It goes back to every dollar coming back with interest.

Listen just because the gov't is using one programs income to "purchase" treasury bonds from another programs debt and use those ultra low economy stimulating rates to generate some pittance of a return and stimulate someone elses business. Doesn't mean it's a ponzi scheme.

Just means that they're using creative accounting for the left hand to purchase debt from the right hand with the promise that the right hand will pay it back although the right hand has never paid a dollar back since 1950 but has made all his interest payments on time. The right hand also owes practically everybody including the muslims and chinese. Eventually one day though he's gonna spend more than he can cover and someone is going to cut him off which leaves only the left hand free to hold the bag.

IF you're under 30. There's a good chance SS will not be viable for you and medicare is going to turn into a VA style care center. You'll get the care you need. Eventually. When both parties could not come up with the essential money for the extension of unemployment benifits, it showed that neither side has any interest in solving any fiscal solvency issue.