Quote:
Originally Posted by Slipknot
thanks for the info scott, shows how little I know
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I don't think that's the case, I think the depth of the problem escapes most people as well as many politicians, there's an assumption that government will always produce the revenue to fund whatever is needed....those existing within the safe bubble created by the dependence on govt. for their revenue stream assume it can't and will not end...fact is...in the real world, the sources of these incomes(pension funds, social security, other "entitlements" etc.) would be bankrupt entities and the entitled would be out of luck....the governments at every level have overspent themselves to the point that these "obligations" are not only unfunded but operating in the red and completely dependent on funding from current collections to pay current obligations rather than drawing from any previous contributions from current recipients(in otherwords...you(you meaning anyone not you specifically) may have contributed all you life but you are being paid with the contributions from people currently paying in...it's not your contributed money that you are getting back with interest).....don't know what those currently making contributiuons have to look forward to but I do know that Bernie Maidoff would be very, very proud
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