Should we pay off the Debt using Pension funds ?

Discussion in 'Economics & Trade' started by Giftedone, Apr 18, 2013.

  1. Giftedone

    Giftedone Well-Known Member Past Donor

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    http://armstrongeconomics.com/2013/04/
    http://www.bloomberg.com/news/2013-...ounts-draw-u-s-consumer-bureau-attention.html
     
  2. rod23

    rod23 Banned

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    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"
     
  3. Anders Hoveland

    Anders Hoveland Banned

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    The fact that anyone is even asking this question suggests the government got into way too much debt to begin with.
     
  4. Giftedone

    Giftedone Well-Known Member Past Donor

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    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).
     
  5. endfedthe

    endfedthe Banned

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    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
     

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