First of all Social Security always was and always will be a “Ponzi scheme. When FDR started it there were 35 workers supporting every recipient. Now I think it’s less than 3. At some point there will be 2 workers supporting each retiree. If the average benefit is $1600 a month then each worker will have to kick in $800 a month (plus administrative overhead) in FICA. You may not care about that fact, but I assure you that those 2 workers will. And a little further down the road the ratio will be 1:1 and that worker is going to be REALLY concerned.
I’ve been retired 9 years and I figure I’m pretty close to having gotten back all the money I put into the system. If I haven’t already then I soon will be receiving checks on some poor working schlubb’s dime. You know it’s not like S.S. is taking your FICA ‘contribution’ and making wise investments with it. The lamestream media and the Democrats tried to crucify George W. Bush when he suggested that.
What happens is that the FICA comes in and is counted as ‘revenue.’ Then that money is used to buy invisible IOU bonds. What it really means is it goes into the general fund. BTW, when they do that, they count it as revenue a second time. So all the FICA money you ever paid has long ago been spent. All that remains of your money is Algore’s lockbox and it is chock full of worthless IOUs – period. So don’t blame Trump. Blame FDR and the Democrats. The one thing you must understand about Ponzi schemes is that they must at some point, by definition, COLLAPSE ! ! !


OK, I’m sitting here watching Savannah Guthrie on NBC’s TODAY SHOW.  She is doing a report on the Tax Reform Bill.  She points out that polling of the public finds that the proposed Bill is ‘unpopular’ with the public.  Perhaps you are surprised.  Maybe even Savanna is surprised.  I don’t know why – the Democratic Party, ably assisted by the  lamestream media, has been telling absolute lies about the Bill for months.

Then Savannah interviews Republican Leader Paul Ryan.   In typical lamestream media mode, she rarely allows Ryan to answer a question without interrupting to ask another or challenging what he is trying to say.   Then, as if by magic, Savannah discovers a new word.  She asked Ryan about liberal charges that passage of the Tax Reform Bill would result in – dare I repeat Savannah’s new word – a “DEFICIT” in the budget.  You, I’m quite sure, are familiar with this word.  It just kinda’ seems that Savannah and everybody else in the lamestream media lost it for the 8 years of the Obama administration.  And now they have rediscovered it.  I find this especially interesting in view of the fact that POTUS Obama’s DEFICITS more than doubled the national debt in those 8 years.  But they have dusted the word off and returned it to their lexicon.  And Savannah is adamant that Ryan must justify passing a Bill that will add more than a trillion dollars to the debt in ten years.  Unwilling to entertain the possibility that Ryan’s explanation as to why her assumption is wrong she proceeded on.  Again, this is after she was totally disinterested in POTUS Obama adding more than 10 trillion in 8 years.

Savannah also seemed quite incensed that the biggest cut was for corporations.  I believe that Savannah is a lawyer so I find it curious that she apparently doesn’t know just how absolutely stupid this position is.  I’m not going to take the time to delve into this issue today other than to suggest if there’s anyone out there who does not already understand this, but who wants to, should check out my Blog posting of 2/5/16.  Just enter “patter” (without the quote marks) in the search window of my Blog and the posting titled “ECON 101” will pop up.

I’m sure that Matt Liar will be happy to know that, despite his departure, media bias yet reigns at NBC.