That's right, trillion. With a "T."

As reported here, while you were too busy worried about the official pie of Florida or the growing threat of Mexican terrorists, lawmakers passed a bill to allow the US to sink to $9 trillion in debt. "The statutory debt limit has risen by more than $3 trillion since Bush took office," it says.

Another interesting site- the debt is approximately $28,151.73 per US citizen. But look, a $300 tax cut!

So, is it worth it?

quote:

Originally posted by clpo13:
Or they can privatize social security and leave the government out of it entirely, which will mean less invisible government money disappearing into the social security black hole and actual real money disappearing into the pockets of retired phone receiver cleaners, or what have you.

Nice reference

Well, we TRIED to partially privatize the plan, but Congress shot it down.

Or they can privatize social security and leave the government out of it entirely, which will mean less invisible government money disappearing into the social security black hole and actual real money disappearing into the pockets of retired phone receiver cleaners, or what have you.

Also it's projected that by 2010 or so there will be a 3-1 ratio for geezers to workers so either the retirement age needs to go up or I'll need to get more jobs, or we can just hunt down old people

hence the term "vapor fund"

well actually social security doesn't exist there is no money in the funding box just a bunch of goverment IOUs (to themselves) because all the excess that they were supposed to be keeping in said box labled "Social Security"? it's been used for other programs

Thats why I'm investing in china right now... indirectly of course

I'd rather my social security taxes go to pay off the budget deficit than go to some vapor fund I'll never see, while the government takes loans from China. Seriously, what the hell.

Social Security takes up something near half our national budget, and we're running huge deficits. I'll plan for my own goddamn reitirement, just make sure the country isn't bankrupt by the time I get there. Because Social Security won't mean a damn thing if our currency eventually bottoms out and our government's budget collapses.

Yippeee... and I take a pay cut again this year to pay for these programs.