Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : A US National Health Care System? -- Ignore unavailable to you. Want to Upgrade?

To: John Koligman who wrote (6152)	2/17/2009 12:24:07 PM
From: i-node	Read Replies (1) \| Respond to of 42652

Well, he said 75 years, and I've also read that after the baby boomers are gone, the demographics for the program are far more favorable. With all due respect, after the massive tax increase in the 1983 amendments, we were assured the system would remain solvent for guess how long? 75 years. Now, we're 25 years down the road and guess what? Yep. This program probably cannot be fixed. Your presumption that dying baby boomers solves the problem is absurd. Ponzi Scheme: A fraudulent investment operation that pays returns to investors from the own money or money paid by subsequent investors rather than profit. I cannot think of a better description of Social Security. This problem is made possible by the SS trust fund utilizing cash basis accounting rather than accrual basis accounting. Thus, people do not understand the nature of the problem, which accounts for your remarks on the subject. Pretty strong language calling the current President an idiot after a couple of weeks, the past 8 years in my opinion defined that term much more accurately... I'm just looking at the mess he's made in a few short weeks. By any reasonable measure his first month has been incompetent.