Everything was great until Trump became president!! [/s]
They don’t really answer the question. In fact they don’t even really discuss the federal government going bust. One of my buddies says that he thinks when the government goes bust the thing to invest in will be land. I would agree except that you don’t know what the politicians are going to do to try to fix the problem. If they jack up real estate taxes then maybe not.
To his credit, Bush tried to point this out at the beginning of his second term and proposed restructuring social security to deal with the issue. He was universally reviled and demagogued by the media and the entire left for his trouble.
Answer - those with assets not tied to the dollar
Same thing that been happening to us our whole lives. We will be stuck working until we die cleaning up the incredible mess of every thing the Boomers created
We pay so many millions to people that don’t deserve it. We pay foreign aid to countries that hate us. We pay interest to the bankers who own our monetary system. We are being farmed, fools that we are.
At the founding of the nation, those who adopted the principles and philosophy of the Declaration and Constitution looked to their “Creator,” law giver, and “Divine Providence” for support, “blessings,” and guidance, as is evidenced by the following quotations:
“IT IS THE DUTY OF ALL NATIONS TO ACKNOWLEDGE THE PROVIDENCE OF ALMIGHTY GOD, to obey His will, to be grateful for His benefits, and humbly to implore His protection and favor.” – George Washington
“And can the liberties of a nation be thought secure when we have removed their only firm basis, a conviction in the minds of the people that these liberties are of the gift of God? That they are not to be violated but with His wrath? Indeed I tremble for my country when I reflect that God is just; that His justice cannot sleep forever.” – Thomas Je fferson
“The Bible is the best of all books, for it is the word of God and teaches us the way to be happy in this world and in the next. Continue therefore to read it and to regulate your life by its precepts.” – John Jay: First Chief Justice
And check out the student guidelines at Harvard and Yale before the historic schools were overrun by perpetually offended snowflakes:
“Let every student be plainly instructed and earnestly pressed to consider well the main end of his life and studies is to know God and Jesus Christ which is eternal life (John 17:3) and therefore to lay Christ in the bottom as the only foundation of all sound knowledge and learning. And seeing the Lord only giveth wisdom, let every one seriously set himself by prayer in secret to seek it of Him (Proverbs 2, 3). Every one shall so exercise himself in reading the Scriptures twice a day that he shall be ready to give such an account of his proficiency therein.” – Harvard 1636 Student Guidelines
“All the scholars are required to live a religious and blameless life according to the rules of God’s Word, diligently reading the Holy Scriptures, that fountain of Divine light and truth, and constantly attending all the duties of religion.” – Yale 1787 Student Guidelines
These quotations are copied from Hobby Lobby’s 4th of July, 2018 ad.
How many billions of dollars are illegal aliens draining from our state and federal coffers?
Seems to me, that would be the first thing to cut.
“human institutions were never to be fully trusted to begin with, “
The author probably didn’t recognize how far-reaching his statement is ...
No bailouts of states by the federal government. That is, no screwing over the taxpayers of other states to pay for one state’s irresponsible pension promises.
We need to pass a federal law to this effect now - before several blue states go belly up and start screaming for everybody else’s money.
But if the world's reserve currency shifts to the currency of another country or group of countries, then it's game over and lights out for the empire and the welfare state.
“Medicare has no money in eight years.”
Medicare has insufficient money in eight years to pay current rates.
Hospital costs will have to come down - by converting hospitals to real estate leasing operations serving surgeons, anesthesiologist, nursing ward operators and pathologists. This will make hospital overhead far less costly.
Drugs costs will have to come down - NHS style.
Reimbursable doctor visits will be limited. Say 10/year at 80% reimbursement, 10 more/year at 70% reimbursement, etc.
Things like wheel chairs and other personal durable equipment won’t be covered at all.
It would be an awful thing during the next depression if Antifa / Occupy Wall Street / BLM dindonuffins were to obtain a comprehensive address list of well off retired public employees to involuntarily donate their obscene pension wealth plunder...
Number of state retirees getting six-figure pensions grows 30 percent in one year
by Marc E. Fitch | Jan 25, 2018 |
Figured it out? I'm talking about private retirement accounts, 401K's and the like. Clinton once proposed a one time "tax" of approximately 10%-15% of the current value of all 401K's to permanently shore up Social Security. Some of the really far left politicians have floated the idea of seizing ALL 401K's and then putting them under government control as sort of a Social Security Plus retirement benefit.
After all it's hardly fair to those financial deadbeats that never saved that you have a huge nest egg out there.../sarcasm off
Pension cost of living adjustments will be abandoned or the cost base expanded to include say Baja California or all of Mexico.
Dear California Pension Recipient:
Since half of California pension recipients have Mexican citizenship, half the cost of living base will be of Mexico.
Buenas Dias,
Governor Brown III
Es sencillo.
Teachers and other public workers just need to be able to invest their own money in a 401k plan for retirement. Even with matching contributions, municipalities should pay much less for retirees. They need to do it very soon.
All that has to be done is seize 401K money from “the rich”.
Then duck and hide from the bloody retribution that will follow.
“will shortly threaten the financial security of both current and retired government workers.”
They’ll still have more financial security than most Social Security recipients.
Here’s how you solve this crisis and make America 100 times more solvent than any other country. Get rid of medical insurance companies and go to direct pay for services, no middle man at all. That is the solution.