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Politics : Formerly About Advanced Micro Devices
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To: i-node who wrote (539248)12/29/2009 9:50:56 AM
From: RetiredNow  Read Replies (1) of 1574839
 
Very true. At last count, those unfunded mandates were around $106 trillion (http://www.ncpa.org/pdfs/ba662.pdf). Of course, our government doesn't put that on their balance sheet. The real question is why not?

Every time I bring up that point, I'm told that our government can just legislate those liabilities away, since they are debts to the American people. As such, they aren't real liabilities, are they? I find that argument so asinine as to be laughable. We pay into social security and they pay us back a negative return. We pay into medicare and the benefits are less than what we would have gotten had we used those to buy into a private, longer term insurance plan. So I think it is ridiculous for someone to tell me that I should pay into the gov't for social security and medicare and the gov't doesn't owe me anything in return, so they can just legislate the debt to me away.

The one thing Bush did that I was excited about was the drive to privatize social security. But that failed. I'm now not counting on getting any social security. I doubt it will be there for us. Honestly, I think the generation before mine has already milked this country dry. There won't be anything left for my generation or my children's.
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