Posted on 03/04/2024 8:48:36 AM PST by SeekAndFind
Buddy, can you spare one quadrillion, 750 billion dimes? Because that's how many it's going to take to plug the hole in America's entitlements programs.
That's 175 trillion-with-a-t dollars. That's six-and-a-half times the entire economic output of the nation for a whole year. If we spent six years devoting all of our energies — no new cars, no new houses, no FARMING, no eating, no nothing — for six years, we'd still be a hole roughly 12 trillion dollars deep.
The gross product of every nation on Earth is only $109 trillion. Even if we imposed FICA taxes on China and India, we still couldn't close the gap between what Washington promised to deliver on Social Security and Medicare and what it can actually deliver — with the big cuts coming the year before I hit retirement age in 2034.
The good news — if you're callous enough to call it that — is that we don't have to come up with the money all at once. According to a new Treasury Department report just detailed in the Daily Mail, the $175 trillion is spread out over 75 years, starting in 2033 when Social Security's so-called trust fund is exhausted.
The payroll taxes that pay for Social Security and Medicare are expected to be about $2.4 trillion in 2033, which comes up more than [dr_evil_voice]TWO TRILLION DOLLARS[/dr_evil_voice] short.
The annual average for those 75 years is $2.33 trillion. So either we nearly double payroll taxes, or everybody born after 1967 and relying on Social Security/Medicare spends their retirement as a Walmart greeter — and Walmart doesn't need 100 million greeters.
The money has been slowly running out for more than a decade when Social Security benefits began outstripping Social Security revenues.
(Excerpt) Read more at pjmedia.com ...
Our country is burning down, let it burn faster so we can start rebuilding sooner...
cloward-pivin. working like a charm.
We made the world the way it is.
We can make the world different.
But we are afraid.
We just think we can’t change things now.
Let’s see how that works out for us.
We can’t even figure out that a person w a penis is called a “man”, how we gonna figure out how to get out from this mess?
Well for one you can thank all the never Trumpers that gave us Biden.
It was set up knowing figuring it out wasn’t the goal.
When this country fails we will enter chaos. It seems all planned.
There will be a long period similar to the dark ages that will be hard to survive.
They could get rid of the fraud, waste and abuse....................nah.......................
WW3 will settle it. Start over.
You mean ‘build back better’?
That’s the point.
Who is John Galt?................
Don’t worry, the problem is already in the process of being solved.
Why do you think the clot shots were invented if not to kill off millions of people on SS and Medicare now or who will become technically eligible, age-wise, in the next few years?
The problem is that a whole lot of people years away from being eligible are also going to be killed off.
Are the Embalmers Clots Occurring in the Living?
Whistleblower from a Catheter lab speaks out about observations
https://philipmcmillan.substack.com/p/are-the-embalmers-clots-occurring
48 mins.
A technician with 20 years of experience reports on the unusual clots he has seen since late 2021 and the ages of people they have been found in, as well as the young ages of people who needed other procedures.
“Demographics move slowly, true, but they also move inexorably. The best time to deal with slow-motion trainwreck was 30 years ago. The next best time is right now.”
As much as I love him, and will vote for him, President in Exile Trump was a big spender, too.
My advice is the same as it ever was:
Get your fine self OUT of all debt. (Ramsey Baby Steps)
Buy land if you can and/or get out of a Major Metro Area.
Grow some of your own food - or at least know how to!
Hunt and fish - or at least now how to!
Buy (physical) precious metals if you can. (On the next dip.)
Buy more ammo if you can.
Food prep to the extent you are able.
We are on our own. Mother Government is NOT your friend by ANY stretch of the imagination. :(
In fact, this is, in a way, exactly what BRICS is worried about. They are attempting to get away from US dollar hegemony, because the fact the US dollar is a global currency, means corrupt and desperate DC marxist politicians can use the US dollar as a political weapon, and also to dilute US deep-state induced debt and inflation by spreading it throughout the world.
Change my mind.......
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