Quote:
Originally Posted by MysticCat
Not if people are allowed to opt out, because there will be no more "as is" anymore. The "as is" will have changed drastically.
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There is no trust fund and all the IOU's are worthless. The money has gone into the general fund and the general fund is $1.5 trillion in debt for this year alone. None of this is sustainable. Common sense dictates this (not that you don't have common sense)
. We are in a real world of hurt and must get our finances under control or we will end up like Greece, Portugal, Spain, the U.K., France etc. Sorry, but SS is now simply a ponzi scheme because the money promised is gone and will not come back. Those on the top will get their money but those on the bottom will not. The only real option is to privatize as our government is incapable of putting the funds where they will not be touched.
For DF: a 10% across the board cut is the only real way to resolve this. Everyone and I mean everyone shares the pain. When the need is so immediate extreme measures must be taken. I have spent all my life working in the business world and it can be done and has been done several times by many multinational companies. It is not easy and it is not fun but it can be accomplished.
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