To: Brumar89 who wrote (570414 ) 8/3/2011 2:28:30 PM From: Taro Respond to of 1583823 Regardless of what would need to be done to "fix" it, the system would ultimately require a 40% payroll tax just to support SS "A large part of the problem is what too many people consider the desired way forward - growth of socialism and government: Govt spending is counted as part of GDP - gross domestic product. The percentage of GDP represented by govt has been growing relentlessly since the Great Depression. So in that way, the GDP number is phony, since govt cannot spend anything not first generated by the private sector. Or borrowed. And of course, they have borrowed, big time. And now the politicos have reached the point where the borrowing is getting NOTICED, very much noticed. And they don't know what to do. If they publicly recognize what the real problem is, and its true extent, and start discussing what will have to be done to solve the real problem, the public will be first shocked, then terrified, then enraged. And those politicos will be out of office. So they continue to sweep everything possible under the rug. So the pot will continue to heat up. Soon it will boil over, and there will be revolution in one form or another. The longer the heating continues until boil-over, the bigger the revolution will be. Even violence may become part of it. In ANY event, I believe the standard of living for all people in the western world will take a big step down over the coming years. For a realistic summary of the true extent of the problems, see the latest issue of Business Week magazine. They did a good job of summarizing the true depth of fiscal problems of the USA. The cover of the magazine makes the content obvious. Don't miss it. What we will get, of course, is humming printing presses, cranking out the dollars required to pay the mounting debts of this country. Of course, the buying power of those dollars will go down even lower than it is now. Inflation will be, shall we say, noticeable. (Consider - since 1913, when the Federal Reserve system was put in place, the US dollar has lost 98% of its buying power. Yes, 98%. Now they are working on the last two percent. Dollars are CURRENCY, not money.) But the general public has little knowledge of such things - Lenin's "useful idiots". When food suddenly starts skyrocketing in price, then we will get that revolution. The American people and their govt are famous for doing what Churchill described as "finally, the right thing, but only after first trying everything else". Or something like that. But when the people finally awaken, they will be mad, and they will do something. This is much like Pearl Harbor - as Tojo said "we have awakened a sleeping giant." Meanwhile the survivors will be those who own real money - gold and silver. Paper money is doomed. The Swiss seem to recognize that, and are preparing an alternative currency backed by gold. It will get very popular. Read the Business Week article. And buy gold. (Robert Nelson)