David Walker Talks Social Security part 1
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8:58
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@ourearthhome social security has always been a scam because it was never voluntary...if you die prematurely you are not entitled to give your contributions to a beneficiary...it's forced welfare for other people at your expense...people want other people's money and that's why it continues...
lonewolf1369 4 weeks ago
@ourearthhome you speak like a foolish naive government worshipper. Private debt isn't a problem because it was voluntary and based on people taking their own risks...public debt is parasitism on the taxpayer because many did not want these kinds of debts and don't want to pay for it. And Social Security would not be saved by a paltry 800 billion...it's a multi-trillion dollar problem...social security doesn't even adjust for inflation (caused by government) that well either..
lonewolf1369 4 weeks ago
Walker was correct when he said the fiscal crisis more important than we knew but what he did not say was that there even more of a crisis in the private financial services industry which led the way to expanding private debt way beyond public debt. It is the crisis in the private sector that will make the public deficit look like child's play. We might have solved the Social Security and other entitlement issues with the $800billion that is going to bailout the financial industry.
ourearthhome 3 years ago