In response to:

Bursting the Washington Bubble: The Outlook for 2013

OBAMA-DRAMA Wrote: Feb 01, 2013 10:25 AM
IDLING EVER SLOWER ... THE US ECONOMY IS FATED TO COLLAPSE My posts below explain why. Read them.
jwarrior Wrote: Feb 01, 2013 10:29 AM
And yet people say It can't happen here. It can't happen now. We have all this technology.
Just like the people in the Weimar Republic. FOLKS! OVER THE LONG TERM YOU CANNOT SPEND MORE WEALTH THAN YOU PRODUCE. And stop saying OK but just a little longer!
OBAMA-DRAMA Wrote: Feb 01, 2013 10:42 AM
jwarrior... yet you seek the inheritance from your parents be large though mostly funded by SS of which but 10% is via payments made by them during their working years.

Are you ready to sacrifice that enriching inheritance via means testing of your parents to determine whether a then retired person qualifies on an economic basis to receive Social Security ?
jwarrior Wrote: Feb 01, 2013 10:49 AM
Obama-Drama, PUUUULLLLEEEEEEZZZZZ, I have paid into social security for more decades than I want to count.
And from DAY ONE, I KNEW , I would NEVER collect a penny. That Ponzi scheme simply cannot continue. It will either be something far different or completely destroyed as the boomers continue to retire at their current rate.
OBAMA-DRAMA Wrote: Feb 01, 2013 11:04 AM
jwarrior... yes.. however, you have paid into SS but a tiny fraction of your gross income each year and have done so for decades. Yet this accumulated amount is gone.. totally to you.. within five years after retirement... yet 90% of retirees today live some 15-20 after retirement.

Wondered why you even ever 'need' SS upon retirement? Think home-mortgage imposed by banks... for 30 years... more than tripling the initial price of your home.

That's why...
True Conservative! Wrote: Feb 01, 2013 11:35 AM
Tiny fraction? For just SS alone it's 12.4% [including the employer share which would otherwise be yours]. Then take out all the other taxes and very few have the means to save significant amounts above all that and still live some kind of a life. The government meddling in your retirement crowds out your own ability to do much more about it.

Yes, it’s that time of year again.

It’s time to hold our nose and check the diaper that we have all come to know as Obamanomics.
While rightly this review should have been completed closer to the first of the year, there were too many events in the offing that were likely to impact the...