Where Is Our Debt Coming From?
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Social Security isn't an entitlement. Its a government enforced retirement program. Its not the baby boomers fault our government got greedy and spent the money that was suppose to be invested.
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on the contrary, many dead people still collect social security checks via their corrupt family members/relatives. the ssa can also kill old peole collecting ss checks as was the recent case of martha lawler. if only, this big government of ours would just use a program that would eliminate all the fraud instead of concentrating on giving all americans an individual internet identification. of course there is fraud in medicare also...imagine as much as $60Billion in fraudulent claims a year.
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The debt comes from excessive government spending and excessive taxation destroying the private sector economy.
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Tss... That was peanuts.
You get this back in the Bretton Woods crisis when the USA central bank stoped the dollar gold promise, and the EU states lost much value because they sit on a big sum of Dollars. Forget the Marshall-Plan, thet is mor than quit.
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yeah well...you can thank us for the marshall plan now
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It is the two wars witch america cant pay. And to low taxes. America have not only an high dept, they have a bad infrastructure aswell. and a BIG current account deficit.
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not to mention bullshit stimulus packages and more federal programs, great just what we need
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It cames from bumb conservative tax policy and too high "defense" spendings
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They don't have to worry too much about the cost of the baby boomers retiring, the new health care bill will help to eliminate at least half of them over the next 20 years so I guess they have it all figured out. Dead people don't collect social security.
djangothecat 2 years ago 4
Baby Boomers and/or the leftist hippies in Congress/The WH.
ForceSmart 2 years ago 2