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Did Treasury Just Strategically (Intentionally) Default?; entered at 2011-07-01 19:40:55

Corn1945
Posts: 4167
Registered: 2009-04-30

Quote:

Corn what effect do you think that is going to have on everyone else when the economy collapses from decreased spending. Not saying the spending shouldn't be cut but the damage is not going to be localized. Just sayin'

It's money that should never have existed in the first place. It's a thirty year ponzi scheme that produced a huge sugar high.

I don't know what to tell people. You get the government you deserve in a democracy. I really don't feel bad for people who are relying on Social Security.

Quote:

On January 31, 1940, the first monthly retirement check was issued to Ida May Fuller of Ludlow, Vermont, in the amount of $22.54. Miss Fuller, a Legal Secretary, retired in November 1939. She started collecting benefits in January 1940 at age 65 and lived to be 100 years old, dying in 1975.

Ida May Fuller worked for three years under the Social Security program. The accumulated taxes on her salary during those three years was a total of $24.75. Her initial monthly check was $22.54. During her lifetime she collected a total of $22,888.92 in Social Security benefits.

That should set off alarm bells for anyone not in a coma!!!!

2011-07-01 19:40:55


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