1965 Mustang Fastback 2+2 Vintage Burgundy w/ Black Std Interior
289 ci 4v V8 oem A Code Dual Exhaust C4 Auto converted to AODE
8" Trak Lok Vintage 40 wheels BF Goodrich gForce T/A 225/50ZR-16 KDWS tires Built in San Jose, CA on my birthday, May 10th ; ) Restoration by: Cool Mustang Restorations Cool, CA
Considering my 65th birthday and the SS pyramid collaspe are pretty close together in time just let me keep my money now. I'll buy cars with it. When I'm retired and need money I'll sell. Even if the cars gain no value or even loose almost all their value it's better than what I'm paying into now without the personal account thing....
You're not "paying into" ANYTHING now. Most of your FICA and Medicare "contributions" are funneled straight across to current retirees; the rest is used to buy U.S. Treasury bonds, with maturity dates roughly coinciding with your retirement years. So the same kids who will be paying YOUR benefits 20 years from now will also be expected to pay from the general fund to retire that debt. Furthermore, when SS was first instituted, there were 17 wage earners for every retiree. In 20 years it will be TWO wage earners for every retiree. It's just not going to happen.
So here we are, in the prime earning years of the Baby Boom, when the guvamint ought to be running huge surpluses to fund these well-known future liabilities, and instead we're paying $200 billion to give the "gift of freedom" to a bunch of camel jockeys in Iraq, who are guaranteed to turn that gift over to their mullahs and warlords at the first possible opportunity. And we have a C student, alcoholic, god-squad moron running up $500 billion annual deficits as far as the eye can see, funding tax cuts with MORE borrowing to be repaid by our children. And all anyone can talk about is whether typewriters could type a superscript "th" in 1971.
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