http://armstrongeconomics.com/2013/04/ http://www.bloomberg.com/news/2013-...ounts-draw-u-s-consumer-bureau-attention.html
Hi, Nice topic but now much reply. I think a legal person can answer better at this point. But i think so in USA "no"
The fact that anyone is even asking this question suggests the government got into way too much debt to begin with.
That is a given. The problem is what is the best path. Few people realize this but SS is currently cash positive. Many people whine, and for the most part legitimately, about entitlements but SS should be left out of that whine. Currently SS is generating 200 Billion per year in excess revenue. Unfortunately the Government is stealing this money and putting it back into general revenue rather than reinvesting in SS and letting the pot grow. The problem is that the demographic bomb is about to hit and SS will soon start consuming revenue rather than generating it. (hence the inclination to increase the age of retirement of late).
just end all pensions, they were never earned then fire all governmetn union members no gov job should be unionable then end rest of welfare and lower taxes boom economy fixed freedom lets people produce with out parasites on productive capitalism