The Coronavirus thread
Poll
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15 members have voted
October 6th, 2021 at 2:04:04 PM permalink | |
AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18212 |
It wouldn't. Read what I said how for 50 years the state ran it Soviet style. The President is a fink. |
October 6th, 2021 at 4:16:30 PM permalink | |
Gandler Member since: Aug 15, 2019 Threads: 27 Posts: 4256 |
And, then it improved to be better? (Safer and cleaner and better stocked in your words) compared to private stores in other States? That was your statement. If that is an unfair charactization/summary, I am welcomed to be corrected. |
October 6th, 2021 at 5:17:47 PM permalink | |
Tanko Member since: Aug 15, 2019 Threads: 0 Posts: 1988 |
They would lose money every year, like Amtrak has been doing since 1971 They would be insolvent, like Medicare is going to be in four years. Insolvent like Social Security is going to be in eleven years. "The trustees now project the OASI fund will be insolvent in 2033, meaning there will be enough income to pay out only 76 percent of scheduled payments." |
October 6th, 2021 at 5:29:29 PM permalink | |
DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4969 |
I don't believe Social Security will ever be insolvent without a replacement program being put in place. Just remember, the government can print as much money as it wants. Yes, inflation will go up but they can continue to fund SS forever. At my age a Life In Prison sentence is not much of a detrrent. |
October 6th, 2021 at 6:04:24 PM permalink | |
rxwine Member since: Oct 24, 2012 Threads: 189 Posts: 18762 | A private company won't run it better, because it can't be run as a business. 1 of 2 seniors were dying impoverished before Social Security. It's not a money maker for a private company. No reason to even compare a program like that to a private business. A private business would either go bankrupt or stop paying, if that's what you want. And medicare isn't either. You believe in an invisible god, and dismiss people who say they are trans? Really? |
October 6th, 2021 at 7:39:20 PM permalink | |
fleaswatter Member since: Oct 24, 2012 Threads: 3 Posts: 1087 | Hmmmmmmm 2020: 352,000 chinese flu deaths, no vaccines 2021: 353,000 chinese flu deaths, 3 vaccines United States deaths Let's go Brandon |
October 6th, 2021 at 7:44:38 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
Sure it could. The reason Social Security is going broke is because all those decades when it was in the black and there was plenty of money and would have been plenty of money for the future those stupid jerks in Congress kept borrowing from the Social Security fund and never paying it back. They just cannot stand it if money is sitting there waiting to be spent in the future. Right now the US Treasury owes Social Security 2.9 trillion dollars. They don't look at it as stealing they look at it as investing, but it's really the same thing. If you take a risk, you may lose. If you never take a risk, you will always lose. |
October 6th, 2021 at 8:17:44 PM permalink | |
rxwine Member since: Oct 24, 2012 Threads: 189 Posts: 18762 |
Most people get more money out than they put in and the ratio of workers to retirees has fallen. That's not a model for private business, unless you mean businesses with failed pension funds. And if we're going to subsidize another private industry with government funds we might as well keep it all government. You believe in an invisible god, and dismiss people who say they are trans? Really? |
October 6th, 2021 at 8:29:16 PM permalink | |
Evenbob Member since: Oct 24, 2012 Threads: 146 Posts: 25011 |
That's because it was not run like a business along the way. Congress has no idea how to run a business that makes a profit. If you read about it the biggest criticism of Social Security is Congress never does anything to change it, to improve it. They don't know how, all they know how to do is steal money from it and call it borrowing. FedEx and UPS make a profit, how come the USPS never does. If you take a risk, you may lose. If you never take a risk, you will always lose. |
October 6th, 2021 at 8:30:10 PM permalink | |
kenarman Member since: Oct 24, 2012 Threads: 14 Posts: 4521 |
The Canadian equivalent to Social Security is CPP. The fund is managed by a separate branch that is mandated to invest the money for the benefit of the current and future retirees without input from the government (in effect a PRIVATE Investment Company). Canada's CPP is properly funded and future payments are secure. "but if you make yourselves sheep, the wolves will eat you." Benjamin Franklin |