Why S&P Really Downgraded US Credit Rating (vanity but linked to their report)

S&P PDF Official Document ^ | 6 Aug 2011 | S&P and SkyPilot

[P8riot]

All excellent ideas...that will never see the light of day.

[VaRepublican]

It’s not “private”. Jees your acting like government is benevolent.

[VaRepublican]

How much have you currently received, I will get nothing as I continueto “invest”.

[Don@VB]

Didn’t see it last night but I’m waiting for a liberal pundit to arrive at the conclusion that S&P is a racist/terrorist organization.

[TexasFreeper2009]

Of course people should also get interest, sorry I should of been more explicit.

The goal is to end the bleeding, yes... it would cost the government a fortune to issue checks = all everyone ever paid into the SS and medicare system + interest, but at least then the programs could be ended and the financial healing could start.

[B Knotts]

So, the people who started receiving it in the 1940s paid into it for 50 years?

It’s not insurance...never has been.

Either Social Security and Medicare will be means-tested, or the government will go bankrupt. Those are the choices. It’s looking like it’ll probably be the latter.

[TexasFreeper2009]

sometimes to save the patient... you have to remove an arm or leg.

[BluH2o]

SS is a Ponzi scheme, it works as long as more people are paying into it than taking withdrawals. That has reversed itself as the baby boomers came on stream as recipients ... they paid into it for years so feel entitled. Many were under the impression their contributions were being carefully shepherded (invested) by government and upon reaching retirement age it would be available to withdraw. Now reality has set in ... the U.S. government makes Bernard Madoff look like a pauper when it comes to the Ponzi scheme business.

[maine-iac7]

Missed the whole point, didn't you -

“jees?”

Jeeze.

[Vision]

bm

[SF_Redux]

let me see if I can be more clear ..

ONLY THE PEOPLE WHO PAID/PAY IN SHOULD COLLECT

can it be said any simpler?

[VaRepublican]

Well I guess so and please stop correcting my grammar. JEES!

[virgil]

I’d like to see all of the waste, like perks for fat cat beauracrats be cut first. I’m sure as big as the gov’t is, there are efficiecies that could be made too. It’s like in IL, they cut programs instead of cutting all the B.S. spending that goes on. Private planes, cars, fat paychecks for friends,etc. It’s all politics; make the voters mad whenever someone even mentions making budget cuts. Politics and glands have trumped public service.

[MontaniSemperLiberi]

Just to be precise, S&P is talking about Unemployment, SS, Medicare, i.e. programs you pay into and get a benefit based upon the amount you paid in.

Not Food Stamp (now called SNAP)
Not Medicaid
Not AFDC
Not daycare cash payments
Not nutitional assistance
Not special minority loans for business
Not Section 8 housing

It’s because Americans think they earned these things by working and paying in that it makes politicians so reluctant to cut them.

[VaRepublican]

Again, No! the system is dead. I do not want your govt money. I have “paid in” for 30 + years, just go away, leave me alone and let me do with MY money what I want. I am tired of supporting everyone else.

[VaRepublican]

ok guess my quotes did not werk. that “werk” for was the english major who wants to coRect ma grammar

[MontaniSemperLiberi]

That would immediately bankrupt our country. The money they paid in has been spent.

[MontaniSemperLiberi]

The money they paid in has been spent. It’s gone.

[firebrand]

Well, it is trending that way (as you describe in your first paragraph). Michele Bachmann heads the Tea Party Caucus, so she is definitely a Tea Party leader in DC. So is DeMint, who was so instrumental in getting some of these people elected. It is everything but a party at this point. But more powerful for not being an official party. It’s just us patriots.

[VaRepublican]

what the he!! did I miss? you paid into a corrupt system and now you get no return? Oh wait if you are of a senior age then you have reaped sumthing that you have sowed. misplell on purpose cause I'm young and stupid. I will pay into this “system for my entire life and receive nothing!!!!!