NYcarbineer
Diamond Member
- Mar 10, 2009
- 117,063
- 13,888
I'm not a conservative, i'm a libertarian. And I understand what you are saying just fine, and I directly addressed it. If you like socialist programs like social security and medicare that's fine, if everyone likes them that's fine. But they are socialism.
That's idiotic. No, they are not 'socialism'
It is NOT socialist to make YOU pay for your OWN retirement and your OWN Medical care after retirement.
That's just stupidity.
You people need to leave the 'S' word alone. You have NO clue what it means.
None.
No one is paying for their own retirement with social security. There is no trust fun. The money was spent as it was brought in, nothing was left to us by our parents. Zero. So here's what you're saying:
1) General revenue: Government spends money, taxes my generation for the bills. that is not a trust fun
2) Social security: Government spends money, taxes my generation for the bills. that is a trust fun.
That's ridiculous.
Social security is pure redistribution of money. I'm paying for my parents, they saved zero. Doing the same thing to my kids isn't me saving money either. I don't want to do that to them even though my parents did it to me
Wrong, as usual. The Trust Fund is invested. It draws interest. It holds bonds.
What is the Trust Fund "invested" in?
Essentially the same thing your money market mutual fund is invested in. US treasuries.