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F. George McDuffee
 
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Default OT - Betting On Social Security?

On 28 Nov 2005 21:14:46 -0800, "Too_Many_Tools"
wrote:

Social Security could be big chill for 50-somethings By Susan Page, USA
TODAY
Mon Nov 28

snip
And from this we learn that the bigger the organization or
institution, the less they can be trusted, until they get so
large they can't be trusted at all.

In the 50's the rallying cry for the political right was "who
lost China." In the 20teens it will "who stole social security"
for the majority who lost 7 percent of their gross lifetime
income in one of the most successful Ponzi schemes ever operated.

Major contributing factor is the lack of contribution to the US
Social Security fund by manufacturing labor for products consumed
in the US because of off-shore sourcing. This is another of the
"off the books" costs that make the initial cost cheap import
goods so expensive in total.

Social Security may be in a "lock box" but there is no bottom in
it.

Uncle George