Your $$$$$ "I.O.U.S.A"

[klein]

SS should be fazed out. People can do better without it....Someone who makes $75000 a year puts in $9300 (4650 by employee, 4650 by employer) At 4% over 30 years they would have about 575,000 and could withdrawal 23,000 a year without touching the 575,000. Or 40,000 a year for 18 years.

It will become one of those taxes, that everyone must pay into it, but only few will receive it, (the needy under a certain retirement income).

 

[Lue C Fur]

I actually might even give it a try , once.
So your saying you have never watched or listened to him and are just going on what you have heard from others?
But even in our media Glenn Beck is by no means unbias.
So in Canada Beck is different? Or are you saying your media just tells you a few things which they want you to hear to make him look like he is a republican and loves Bush? Come on Klein you can do better then that.
I'm surprised the US government thru SS funds into the big pot at the first place.
What??? Can someone translate please.

Here, it's a whole seperate fund, just like Unemployment is.
It gets invested, and actually have an average return of 8% per year.
Sounds like a good idea but where does your govt get them SS money from in the first place and who pays the 8% on it?

However, it is still not solid, because , yes, the baby boomer factor.
It may run low in funds, when the time arrives, but has nothing to do with the federal budget at all, nor federal expenses.

And Glenn Beck, plus Tea party need to find a way, that doctors and hospitals aren't paid by procedures, nor hospitals paid by extra days a patient lies in it.
An AGAIN maybe you should watch Beck and stop watching Lefty news so you can get the whole story.
And ofcourse Insurance and Pharma making big bucks.
Im just curious but who should make big bucks and is there a percentange of profit one should only make?
Until then, our non per profit system will be hard to beat.

Yes i know the Klein mantra...Canada is the best...

 

[klein]

Canada Pension Plan is taken seperatly off our paychecks. And goes into a seperate government fund. It's a vested fund. Like any other company fund would be. (Your UPS pension for example).
The 8% comes from investing. They actually have top investors working in government, to keep those funds not only safe, but also to make a nice return on them.

CPP Fund $123.9 Billion
At December 31, 2009

CPP Investment Board

The CPP Investment Board is managed independently of the Canada Pension Plan by experienced investment professionals to help sustain the future pensions of 17 million Canadians. Our role is to invest the CPP Fund to maximize returns without undue risk of loss.

 

[wkmac]

[FONT=verdana,arial,helvetica][SIZE=+3]U.S. N[/SIZE][/FONT][FONT=verdana,arial,helvetica][SIZE=+2]ATIONAL[/SIZE][/FONT] [FONT=verdana,arial,helvetica][SIZE=+3]D[/SIZE][/FONT][FONT=verdana,arial,helvetica][SIZE=+2]EBT[/SIZE][/FONT] [FONT=verdana,arial,helvetica][SIZE=+3]C[/SIZE][/FONT][FONT=verdana,arial,helvetica][SIZE=+2]LOCK[/SIZE][/FONT]
[FONT=verdana,arial,helvetica]The Outstanding Public Debt as of 13 Apr 2010 at 12:51:16 PM GMT is:[/FONT]

[FONT=verdana,arial,helvetica]The estimated population of the United States is 308,186,183[/FONT]

[FONT=verdana,arial,helvetica]so each citizen's share of this debt is $41,665.21.[/FONT]

[FONT=verdana,arial,helvetica]The National Debt has continued to increase an average of[/FONT]

[FONT=verdana,arial,helvetica]$4.13 billion per day since September 28, 2007![/FONT]

[FONT=verdana,arial,helvetica]there you go , no need to do any guessing about the amount.[/FONT]

Here's a interesting comparison to kind of give a value in scope to that national debt number in relation to pure size.

The universe, that great big awesome universe we live in with it's huge vastness of space is only 47 billion light years in radius. 47 billion compared to 12 plus trillion. If you converted dollars into light years, our debt size of 12 trillion light years compared to the known universe of only 47 billion light years. And our universe is expanding but I'm betting our debt is growing faster!