All in trouble- yes
If the gov't continues as is and
the economy does not grow
Good question
At the rate we are going, where is all that money
the US gov't does not really have it
I guess it depends how much money the
Chinese are willing to give us
But you DO see my point here, right?
the Right often speak about social security as though the people who paid into it, are at fault for expecting TO BE PAID BACK for their lifetimes worth of contributions. Some of these ninciompoops suggest that social security recipients are taking WELFARE instead of acknowldging that those people are CREDITORS to the USA.
Yet I never EVER hear anyone complaining that their 401Ks and Whole LIFE insurance policies and corporations in which they own stock are ALSO expecting to be paid.
Its this catagorical CREDITOR BLINDNESS that I find disturbing about these right wing cranks.
How much money has the DoD LENT to this nation?
Not one red cent.
But the boys in unidform are not accused of being on WELFARE, are they?
And every cent of the DOD that is in the budget represents NOT PAYING
ANYBODY BACK, but rather that represents NEW
ADDITONAL SPENDING.
Odd how often that fact is overlooked, don't you think?
Social security is a CREDITOR to the USA, not a cost, but a REPAYMENT
The DoD is an EXPENSE.
So if we want to cut spending, we are not cutting spending when we change the social security system we are RERWRITING the terms of a
prepaid INSURANCE plan. Essentially we are reneging on an agreement we made with workers.
When we cut REAL spending (like the Dod) THEN we are REALLY cutting spending.
Odd that so many Right wingers overlooks this obvious fact, isn't it?