I don't think you know diddle, lol Please refrain from worrying about what I think, it's a bit creepy. As my daughter would say, you're a creeper.
Who is "John Gault"---787 posts since Jul 2012 and I don't remember him posting that much. Did he switch his name?
Here is an American city drowning in debt and unable to function because of corruption, greed and unfunded mandates, very much like our country as a whole. Will America ever reach this point where we admit that we can't afford all of these mandated programs and take the steps to control discretionary spending and the continual hand outs to special interest groups. This could become a window of what America faces in the future as try to wean the masses from Americas gift care give away mentality.
I'm certainly no fan of George Bush, but the privatizing of SS would have been a great step in the right direction for you young guys, with you having control of your own future and hence preventing the government from "borrowing" or even borrowing against your contributions would have forced their hand in the search for further venues of cash. Detroit is a Mecca of union activity, and its yet to be seen if anyone can fulfill the grantees of the past while controlling future spiraling cost and mandates for the short term until the debt crisis is meet, the mindset must change for America to move ahead.
Buffet was on NPR last night, while he stated debt needs to stop growing now, the debt is not going to sink us. Healthcare cost is what will do us in first, 17% of the GDP is healthcare. Buffet said it will bankrupt our country, business's and people. Detroit lost all it's people, once that happen the money grab started from it's Leaders, unions and yes the private sector. Synder will get Detroit back on track
I have been following the trial of the former mayor, the private sector did a number also. Business gave the mayor 840,000 in "gifts" for his six years, lol I think he got around 250,000 in kick backs from the unions. Detroit has always been their own worst enemy. So what happens when we privatize SS and the stock market tanks? Then what?
Here's my take on most politicians, they are a bunch of egotistical no common sense dumb*** lying mother****ers that would be on welfare if it wasn't for their government position. If any of these limp **** *******s actually had a brain between them they could see how bad they are ****ing this country up but they just keep spending more money they don't have, promising the sun and the moon to whoever will contribute to the criminal fund. Sorry rant over
I see many companies dropping health care as a benefit and instead, paying their people a couple dollars per hour more and letting them choose their own coverage, I'm not sure how well this will work, but right now a man that is receiving coverage for a wife and two kids is costing the company three times as much as a single male. This is not going to pass in the night.
Would we be any worse than we are now? If the market tanks, that means the economy tanks, as do tax revenues, I see no difference except the market will come back, will the SS trust fund ever come back?
Did folks with SS still get the same amount in 2008 after the market went down? Would that had happen if it was in the market? I don't know, just a question that needs to be asked That's the factor, it is not SS that is causing the problem, in fact we our borrowing 4 trillion from the trust fund to pay for other crap.
Hence my point, the money would not be under government control, if you wanted to say invest "your" money in say municipal bonds for say a 4% guaranteed return, but by doing so you have a choice in whether you choose to fund government spending or investing in the private sector. The catch being the government would have to become a better investment if it wants you to invest with them and not Apple.
Wish this post had a LOVE button. Great post. The biggest difference I see on this vs. our country is that the government has the ability to continue printing money. Far more serious of consequences in my mind. Scary stuff. At least a city can go flat broke by running out of money.
