Are you saying that your grandfather pays out as much in taxes as he takes in from SS ?
Or are you admitting to the inflationary pressures this kind of practice will bring on.
I'm saying that spending precedes taxation and borrowing under our fiat system. Before we can get our hands on the $$$$, the national government has to spend it into existence. The funds for purchasing US government securities and tax payments come from the very act of government spending itself.
Inflationary pressures? I seriously doubt it, unless we were at fully employment and the economy was at full capacity.
O.K. I get what you are saying. Just needed to make sure it wasn't totally out of context.
So, if the economy can absorb the additional dollars (essentially expanding the money supply...correct ?), you are suggesting that it go to people for SS ?
That's what he's proposing, with the people who don't get the checks paying for it through devaluation of their assets. IOW government picks SS recipients as the winner of the golden ticket and everyone else gets bent over the bench and taught a lesson in voting.
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