Archived material Access restricted Article
Rantburg

Today's Front Page   View All of Mon 06/22/2009 View Sun 06/21/2009 View Sat 06/20/2009 View Fri 06/19/2009 View Thu 06/18/2009 View Wed 06/17/2009 View Tue 06/16/2009
1
2009-06-22 Economy
Our Sinking Welfare State
Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.
Posted by GolfBravoUSMC 2009-06-22 16:46|| E-Mail|| Front Page|| [290 views ]  Top

#1 Frankly, I do NOT consider government programs Social Security and the like, which I have paid into faithfully without choice, which have earned -0- interest and paid -0- dividends since the early 1960's as "welfare."

If the government wishes to toss my payments into the general fund and operate a huge, cross-generational ponzi scheme and piss it away, I am pretty much powerless to do anything about it. It will either be there, or it will not. I'm betting on the latter, but if it returns to me $ .10 cents of thousands of dollars I have paid in...., it will damn sure not be "welfare."

Posted by Besoeker 2009-06-22 18:11||   2009-06-22 18:11|| Front Page Top

#2 Besoeker: The sad truth is that government lied. It never had the authority to create Social Security, Medicare or Medicaid, but it did so for pragmatic political reasons.

From the very beginning, they were efforts to turn America from a capitalist nation to a socialist one, and both political parties were complicit in the scheme, either overtly, or by refusing to tear down what had been unlawfully created.

Thus it has been an inevitable consequence of the public voting itself the treasury, that one day the bill would come due, and none would be left to pay.

So what we now face is that the US government will have no choice but to renounce its debt, SS, Medicare and Medicaid will end, and the Defense budget will be severely cut, so most of our overseas military will return home.

Domestic production will have to be recreated, because most trade will be over with the renunciation of the debt. However, credit will be only for those with 100% collateral, what today we think of as debit.

The end result will be the restoration of the pre-Frank Roosevelt economy. The only choice will be to minimize the national pain, or to drag it out.
Posted by Anonymoose 2009-06-22 18:51||   2009-06-22 18:51|| Front Page Top

#3 After reading Shales "The Forgotten Man" and watching the recent scenario unfold, I believe you've nearly hit the nail on the preverbial head Moose. Brown rice keeps rather well in Mason jars by the way, or so I'm told at the oriental market.
Posted by Besoeker 2009-06-22 19:06||   2009-06-22 19:06|| Front Page Top

22:39 Barbara Skolaut
22:18 OldSpook
22:12 CrazyFool
22:08 OldSpook
22:05 AlmostAnonymous5839
22:03 OldSpook
22:01 OldSpook
22:00 Barrack Saetoro
21:58 OldSpook
21:57 OldSpook
21:56 OldSpook
21:55 OldSpook
21:51 OldSpook
21:50 JosephMendiola
21:46 crosspatch
21:40 JosephMendiola
21:37 JosephMendiola
21:35 JosephMendiola
21:30 Eric Jablow
21:13 eLarson
21:08 DMFD
21:08 Pappy
20:43 European Conservative
20:42 European Conservative

Rantburg was assembled from recycled algorithms in the United States of America. No trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
18.232.125.29

Merry-Go-Blog










Paypal:
Google
Search WWW Search rantburg.com