p
All Ponzi schemes eventually go bust.
Obvious solution is to import millions and millions of illegals, then pay for their food and housing. Duh!
it comes down to a philosophical question - what is money?
There will never be a $175 trillion piggy bank - any future “services” will be paid for, only at the time they are used, by taking and diverting real resources from other parts of the economy.
We do the same thing today. We “pay for” government through diverting real resources from others in society, bringing those goods/services from other countries, or debt and printing money (debasement)
The US government is “underfunded” by more that $1 Trillion every year, but we find a way to squander money on immigrants and ukraine.
Well, between Jo Pedo’s Ukrainian war, millions of incoming,freeloading invaders demanding money, food, shelter and Huggy changes from American taxpayers and college loan deadbeats who mistook Pedo Joe for Jesus Christ and begged him for “forgiveness” and a free diploma if they wanted his vote it’s no wonder America is broke. Jumpin Joe Pedo is spending money like a drunken Caribbeaner pirate.
In simple physics, acceleration towards the speed of light requires ever greater energy to make the acceleration, such that mass must eventually convert to energy or never attain that speed.
In simple fiscal policy, the massive and accelerating "under funding" can eventually only be solved by abrogation of debt via some version of governmental collapse, or subjecting a populace to "perpetual bonds," which can never be repaid, but only "serviced." The latter is the "Road to Serfdom," and since serfdom was from a historical period of which we know much, serfs were held down by an elite -- an aristocracy. These seem the two scenarios approaching.
Today's politicians are engaged in political malpractice, and their sinecures and "rent" should be stopped.
"Kicking the can" is a kid game, but when adults play it and the can weighs far more than one is able to kick, simple physics instructs. And, as Herb Stein observed, "that which cannot continue, will stop." Yup.
Too much government spending and the need to keep business taxes low for the sake of business.
Canada has its welfare state with a national income tax, national sales tax, user fees so that corporate taxes are kept low at 15 percent.
The Liberal Party of Trudeau originally meant and still means Liberal on economics pro-business by keeping business taxation low.
This talk about SS and Medicare is obviously leading us to cutting spending there and not raising taxes that would hurt business.
Business has a big say in our politics in the “Conservative Movement” and their way is to avoid business having to pay taxes.
That’s why the constant talk about Social Security benefits being cut down the road because raising SS taxes is not acceptable.
There are so many programs and "government" folks are being paid for doing nothing.
And, transfer all our money and arms to Ukraine, that it may be laundered and pressed, to be returned nice and tidy to the Biden crime family and many of our esteemed legislators.
Importing people who don’t pay into the system was obviously a mistake.
This is why they keep pushing the clot shot on boomers 65 and older.
Almost everyone in DC is feeding at the 'help the seniors' trough... More like a 'take the seniors' and blame them trough.
I'm guessing more of our DC thugs and goons got bigger 'kickbacks' than Hunter and family ever dreamed of... Legal secret ways of lining their pockets.
Old people are being blamed for money spent that is in fact keeping DC area mansions large and abundant. If the press wasn't filled with stupid bimbos and silly pretentious 'men' they would look into this.
bttt
I had the good fortune to attend a luncheon with Paul O’Neill, George W. Bush’s first Secretary of the Treasury in 2001. A former corporate CEO, O’Neill strongly supported fiscal discipline (remember Bush inherited a balanced budget from Bill Clinton), opposed bailouts of corporations, supported increasing productivity in the economy, and was an advocate for US manufacturing and worker safety. He lasted only one year.
In American corporations the accounting books of the subsidiaries and the corporation are balanced and closed monthly about the middle of the following month. Corporate CEO”s and CEO’s are subject to strict accounting rules and can be tried and serve prison terms for fraudulent accounting practices.
At the end of his first month in office Secretary O’Neill asked a career bureaucrat for the time of the monthly closing meeting so he could attend. He was informed there is no closing meeting at the Treasury Department. The federal government never formally balances and reconciles its books. Not monthly, not annually, not ever.
O’Neill was appalled at the absence of accounting discipline and instructed the bureaucracy to put in place a formal controls and an accounting reconciliation process with monthly review meetings. He state at the luncheon I attended one of his primary goals for the American people was to implement proper accounting controls and a formal monthly review of the books. Unfortunately O’Neill was opposed by the entrenched bureaucrats a the Treasury Department and neocon war hawks in the administration, for both policy and his outspokenness. He was fired by President Bush in December 2002, having served less than two years. He did not succeed in bringing financial controls and a formal monthly accounting reconciliation process to the federal government.
O’Neill’s experience is more evidence Republican politicians have no more interest in fiscal discipline, and tight accounting controls, than Democrats. Certainly the federal bureaucracy wants no scrutiny of its spending of taxpayer money or the trillions being borrowed to fund the government.
One of the best things a second Trump administration can do for the American people is to install accounting disciplines and controls plus institute transparent reporting of spending and liabilities. Without proper accounting and reporting it is likely trillions of dollars are being wasted and stolen.
Average life expectancy for men is 77. As we Boomers move along very many (like me) won’t live long enough to get back all the money they paid in. The residual is absorbed back into the program. So what will happen is that the fund will slowly replenish. That is except for the money Congress stole for other things. And allowing benefits for people who never paid in a single dime.
Just one quick question:
How much of the money is being provided to illegals and their extended family members, the instant citizens born in a U.S. hospital, family members of women who married for citizenship and the Mexicans who live in the Mexican border towns, but scammed the government for US govt benefits and walk to a US Post Office to collect monthly checks?
p