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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Larry S. who wrote (26007)2/8/2005 12:52:34 AM
From: jackjc  Read Replies (1) of 110194
 
Lets say you don't trust the gov and invest instead in AAA
bonds, reinvesting the div. Your real earnings would provide
real income for your retirement without placing a new
burden on the gov when you retire.

The problem is the gov is presenting these SS surplus bonds
as real savings being built up which can be drawn upon in
future for retirees, but this is false. Redemption is an added
burden.

I agree the unified budget hides the true deficit, while
the gov passes off the bonds as building a store of value
which they do not.

IBM gave me a 2 yr salary bonus to retire spread over 4
yrs but paid in lump sum so no SS payment at all came out,
since the max was pd in for the yr anyway. I paid nothing
in to SS for the next 6 yrs, but received the full benefit
with no deduction for the 6 yrs payments missing (I think
the max on that was 7.5 yrs at the time with no pay-in to
receive the same benefit.)

It is a very popular Ponzi scheme, so far. Except with the
young, of course.
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