Inflation

[rufus]

Quote:
Yes, Bernie Madoff couldn't hold a candle to the US Congress.

Rufus

 

[Dunkopf]

Quote:
Yes, Bernie Madoff couldn't hold a candle to the US Congress.

Rufus

They could start by refunding everything that people invested in SS and Medicare. Refund on paper only. Then they could have private plans that were highly regulated for investing those funds in. The funds would be transferred straight over and could be withdrawn at a set rate over a period of years for expected lifetime. Employers would be required to automatically withdraw the funds from your pay for distribution. Employers would pay nothing into the plan. For tax purposes it would be treated the same as a 401k plan. The minimum contribution would be the same as the current SS rate.

If a person did not make enough money over the course of their life or is disabled before retirement then the fed would kick in the additional needed to allow the person to live a humanitarian existence. It would also allow for payments to surviving spouses and children till age 18, much like the current system.

They still need to get some form of Socialized medicine going. Our current medical system isn't going to last much longer. Nobody has mentioned that kind of inflation. Medical plans have gone up a ridiculous amount in the past 10 years. Much more than food, gas and anything else. Don't have time for exact figures, but I think it's in the low 20's.

There is still the usual problems though. They can't seem to pass a bill without putting a bunch of extra crap in it. They ruin a perfectly good bill because of add ons. I wish there was a way to eliminate that practice and clean up campaign financing.

Keep on dreaming I guess.

 

[EweSheep]

Quote:
you mean when congress kept raiding it.

it had a surplus at one time. a huge one

then congress raided it multiple times, claiming it would replenish.
then the people who payed into it all their lives started retiring or getting sick.

but congress's ability in math sucks.

My dad who is retired now, that is what he said.

 

[Wifezilla]

They can't seem to pass a bill without putting a bunch of extra crap in it. They ruin a perfectly good bill because of add ons. I wish there was a way to eliminate that practice and clean up campaign financing. Keep on dreaming I guess.

Yup

One more thing to think about on the inflation front... that tornado that cut a path through Alabama destroyed several hundred commercial chicken houses.​

 

[country lady]

"One more thing to think about on the inflation front... that tornado that cut a path through Alabama destroyed several hundred commercial chicken houses."

So right! Alabama is 3rd largest in the country in chicken production. I wonder how Bonnie plants came out. They have lots of large greenhouses in Alabama.

Dunkopf, knowing the difference between "wants" and "needs" also is NOT rocket science--it is "common sense," which is sorely lacking in government and the American population, in general.

 

[Dunkopf]

What is common sense to you may not be common sense to others. I would rather see money put into social programs than bombs. That's common sense to me. Most people that talk about slashing everything would rather bombs be the only thing we pay for. So common sense is also an objective word. You could try common decency. Of course a lot of people put bombs in that category too. So yes indeed it is rocket science.

I agree about the lack of common sense. All the carnival barkers are filling peoples heads with so much garbage there isn't any room left for common sense.

 

[rufus]

The price of gold is fluctuating so much every day. It appears as if one government has a set buy price while another government has set a point at which they will go into the market to defend their currency by selling.

One thing for sure, we will never see cheap gold and a strong dollar again.

Rufus

 

[country lady]

Dunkopf, see my post in Random Ramblings listing my definition of NEEDS. You may want to add your thoughts.

 

[Wifezilla]

It's not a matter of needs vs wants. It is a matter of who decides who gets what. I say the government is a crappy administrator and should not be in charge of charity. EVER!

 

[EweSheep]

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They always want that piece of pie that they could not get their grubby fingers on charities. Or tax them to death!