This is the beginning of the end of this nation.
It started with the creation of the welfare state, and when we have socialized medicine we are completely done.
All of you who have good jobs, pay lots of taxes, and wonder why things get cut all the time in govt...this is it.
Instead of providing services for everyone, we are now a socialist country. The people who produce and can take care of themselves have to take care of all the free loaders who can't or won't.
That program works when there are enough people producing.
But we are getting to the point where there will be so many people who don't speak English, who don't go to school, who have no skills, therefore have a crap job, and little to no insurance. So the people who worked hard all their life, went to school, got a good job, and HAVE good insurance, will have to give that up so we can all have crap together.
Name ONE thing that the govt does that runs cheaply and smoothly?
The correct answer is NOTHING.
This will be no different.
We are going down.
It is not the good hard working people's fault.
It is the free loaders fault, and the idiots who give them what they want.
Thursday, July 20, 2006
S.F. OKs Universal Health Plan
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16 comments:
I can name one: Social Security.
Your abyssmal assumption is that only people wo dont work hard, dont have health insurance.
it doesn't apply for all, but hard working people are not looking for handout either...they are trying to better their own situations and get insurrance...then there are those who choose not to have it
ya, SS works well, doesn't it?
Jim--
Social security is a Ponzi scheme. You get a better return on investments in the market, and unlike government IOUs, one can pass those assets down to the next generation. SS creates intergenerational poverty among low income workers.
rhyno--
Want to make health care affordable? Get less, not more government involvement. We already have economic blackholes like Medicare that suck up resources, raise prices for those not using the system, forcing more people into the system, raising the cost to the taxpayer, which is what happens when you give stuff away for free. Rationing is the inexorable result, and we're seeing a lot of it from the government already.
SS works exellently. It is one of the most efficient government agencies in US history with overhead of less than 1%. To call it a ponzi scheme is factually false.
Social Security will pay out all promised money through about 2040 and with minor adjustments, like increasing the cap, will continue paying at TODAY's levels indefinitely. If NOTHING is done, it will pay out about 75% of today's payout, which is better than any other plan can even hope for.
All of this information is factual and can be found on the Social Security Administration website.
jason, what the fuck does that have to do with what I said?
Hmmm, 2040? I'll be collecting by then, so I guess it isnt a total wash.
maybe I have nothing to base this on...but I just think MAJOR changes need to be made if it will last til 2040
Game,
Do you have a 401(k) or other retirement plan at work?
not a 401K...teachers can have a TSA...and I put 150 bucks a check into it...not very much, but I need to pay the bills too
And what happens to that money? How is it invested?
stock market
OK, so there you go. You have a portion of your retirement that you own outright, can get "higher" returns, has some risk, can pass on to your heirs. Then you have Social Security which is invested in Treasuries, safe, no risk, and is guaranteed to be there when you need it for disability and for retirement even if the stock market doesn't do well.
It's a two-part retirement plan that works. So why do you need to change Social Security?
Jim--
What Ponzi did in the 1920s was this. He got a few investors involved, and paid them by getting more investors to sign up. However, his scheme collapsed when the number of new investors couldn't meet the needs of the current ones.
That's what social security is. You can stick your head in the sand and claim it isn't going to run out of money, and that will be no skin off my nose. Government IOUs are not a trust fund -- in fact, there is no trust fund. In 10-15 years the choice will be clear -- cut payments, or raise taxes.
Fine with me.
Jason, you don't have to keep talking about Ponzi. Nobody is impressed by your continuous blabbing about Ponzi schemes as if you are somehow enlightening the world. I know about Ponzi schemes and they have nothing whatsoever to do with the subject of Social Security.
A Ponzi scheme is a fraud in which the initial investors enrich themselves with the promise of future riches which are never intended to be paid. Doesn't apply here.
Social Security has been solvent, with some adjustments, since the 1930s. Adjustments are needed every 20 years or so as demographics and actuarial data changes. It pays out more than 99 cents of every dollar it takes in. Nobody has ever been defrauded and nobody ever will be unless George W. Ponzi convinces you and everybody else that US Treasuries no longer are backed by the full faith and credit of the United States of America. There are a lot of widows and orphans, pensioners, mutual funds, Wall Street investors, Saudis, and Chinese who are really going to be pissed off if the US Government refuses to pay off it's Treasuy Bonds.
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