• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

The Next Stop In Obama's Political Suicide Tour: Announcing Social Security Cuts During State Of The Union Address

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Sun, 12/19/2010 - 14:48 | 817090 Apostate
Apostate's picture

Naturally, the old, the weak, and the invalid will be defaulted against first.

By the time the system works through the rest, the golden men and their armed guards will be safe from reprisal. 

Sun, 12/19/2010 - 15:50 | 817172 Sudden Debt
Sudden Debt's picture

and if history repeats itself, in 10 years there will be a uprising.

Not by us. We still have to much to lose, but by the kids that are now playing in the snow and don't really know what's going on.

Sun, 12/19/2010 - 16:07 | 817200 Apostate
Apostate's picture

Less, I think.

The government steals from everyone who works for this antisocial insecurity program. It's right there on every paycheck.

This is not something arcane like fiddling with the COLA numbers. The blowback will be more immediate.

Sun, 12/19/2010 - 16:28 | 817227 UGrev
UGrev's picture

So if anything, we should put a stop to SS NOW so our kids don't have to pay into anymore/at all and can thus use that money in the way they deem proper (i.e. being fiscally responsible and saving it). 

Sun, 12/19/2010 - 17:28 | 817298 notaFerengi
notaFerengi's picture

Sorry but those kids will be supporting their parents and grandparents. 

Sun, 12/19/2010 - 17:38 | 817303 CrockettAlmanac.com
CrockettAlmanac.com's picture

Yes, that's one good use to which our money could be put if it wasn't stolen by the government. Why does that make you "sorry?" One would think that the ongoing theft would be the object of any remorse.

Sun, 12/19/2010 - 18:30 | 817384 UGrev
UGrev's picture

OMG.. self sustainability... watch out!! we can't have that now, can we?  If I didn't have to spork over that extra cash each month, I could concievably store it for the future on some medium that, oh.. I don't know.. stores wealth. My kids could do the same.. then, when I kick the bucket, I give them what I have left, if anything...and holy shit! I might actually avoid a nursing home. I swear to god, I'm checking out if my kids put me in one of those fucking places. I give them life and they put me in there... fuck it. This world doesn't allow for people to take care of their elderly and dying parents. Any one else sick of this shit yet? 

Sun, 12/19/2010 - 18:42 | 817407 CrockettAlmanac.com
CrockettAlmanac.com's picture

I could concievably store it for the future on some medium that, oh.. I don't know.. stores wealth. My kids could do the same.. then, when I kick the bucket, I give them what I have left, if anything.

 

Parents could invest money in their childrens' education thereby increasing that generation's ability to earn and in turn support the parents. Parents could invest in capital goods like a farm or a store or a fabricating facility which would be eventually taken over by the children who would care for their elders in turn.

One can imagine myriad ways that our lives would be more fulfilling if we didn't have to hand over half of our incomes for the government's protection racket.

Sun, 12/19/2010 - 20:20 | 817558 UGrev
UGrev's picture

This is part of the cycle. I would love to invest in my childrens' education.. but I'll be fucked after all the taxes and shit we have to pay, as well as trying to invest for my own retirement, if I can afford to put away enough (I still do, just not enough) for my kids. Then they're forced to take out loans.. what a miserable cirlcle jerk.

I went to school for psychology and ended up making a living as a software developer. Guess what.. I spent about 600.00 on books over the course of my eduction in programming and that was AFTER psych college. Man, I always wonder what I could have done if I didn't "almost waste" 4 years of college and I maybe spent 600.00 a year on learning how to program as well spent all that time I had without a wife/kids to support; what kind of education I could have given MYSELF. I guess I'll find out 4 years from now. 

The system is fucked up. It benefits no one but the recipients of our money. 

Sun, 12/19/2010 - 19:03 | 817432 tip e. canoe
tip e. canoe's picture

funny...this is exactly what the chinese do.

Sun, 12/19/2010 - 19:39 | 817481 StychoKiller
StychoKiller's picture

Why should your children put their lives on hold, taking care of you, until you finally die in a pool of your own filth?  There aren't enough hours in a day for two, let alone one person, to care of someone infirm or demented -- throw in having to raise children of their own, and it becomes obvious why nursing homes exist.  Native Americans had the right idea; once someone reached the age where they became mostly a burden on the family, they would go off into the woods and never return.

Sun, 12/19/2010 - 19:49 | 817500 tmosley
tmosley's picture

Right, the Native American model was clearly superior to the European model, as is made obvious by the Native American colonization of Europe.

Oh wait, that isn't how it happened, is it?

Having extended family living with you is a blessing.  It means that you never need to look far to find someone to watch the children, or to run errands.  You can have multiple incomes in a single household as well.  Knowledge is also passed down from the grandparents to the grandchildren this way while the parents are working their jobs.

"Caring" for an elderly member of the family only becomes a burden at the very end.  If they live with their family, they will find ways to be helpful right up until they have gone deaf dumb and blind.

Sun, 12/19/2010 - 19:53 | 817508 -Michelle-
-Michelle-'s picture

Nursing homes exist because people are afraid of death.  Instead of facing their twilight years with acceptance, people swallow dozens of pills daily in order to stave off the inevitable.

Instead of a quick diagnosis and rapid decline, at home and surrounded by family, the infirm are forced by well-meaning doctors and relatives to extend their lives to the point of misery.

And, no, I'm not advocating euthanasia.  I am pro-life, from natural conception to natural death.  It's just that death isn't very natural anymore.

Sun, 12/19/2010 - 20:45 | 817626 tip e. canoe
tip e. canoe's picture

methinks you just smacked the keystone of the whole kitakaboogle.

Sun, 12/19/2010 - 21:08 | 817692 ColonelCooper
ColonelCooper's picture

CLAP CLAP CLAP CLAP!!!!!!!!!!!!!!!!

I would only add that "Big Pharma", whose evil is rivaled only by "Big Banks" have hijacked our entire medical existence, and greatly contribute to the problem.

Mon, 12/20/2010 - 15:16 | 819126 DaveyJones
DaveyJones's picture

another round of applause. Big Pharma, Big Banks, Big Oil, Big Media. They all have the same first name. They must be related.

Mon, 12/20/2010 - 02:02 | 818136 A Nanny Moose
A Nanny Moose's picture

Pro-property rights. I have the right to terminate my existence should I become a burden to those around me, or my existence become too painful for me to bear.

Prolonging of life is more about the guilty consciences of the living, than it is for the benefit of the dying. Death is part of the cycle. Period.

Sun, 12/19/2010 - 20:10 | 817543 UGrev
UGrev's picture

Have fun on your long walk. I would expect a little more out of my children that I raised them and took care of them in their piles of filth. At a such a young age they are mostly a burden too, are they not? You win the "Go screw yourself" award of the year. I may not be most knowledgable person when it comes to the markets.. but damn, bro.. at least I have a clue or two about life.

Sun, 12/19/2010 - 20:37 | 817602 Eally Ucked
Eally Ucked's picture

What a bunch of american losers! For years grandpa & ma were providing you with whatever they could, to buy your toys. And now when SHTF they are dispensible and burden, what a sad end to that  most developed  society of yours.  

Sun, 12/19/2010 - 21:13 | 817702 UGrev
UGrev's picture

Umm. I think you replied to the wrong person. I'm all for children taking care of their parents. Heck, I helped take care of my grand-mother who had alzheimers when she lived WITH us. In fact, I went to school to study psychology with a focus in neuroscience to better understand the disease so I could help her more. 

Sun, 12/19/2010 - 22:28 | 817874 Element
Element's picture

I think we can improve on that with a self-administered lethal dose of barbiturates in the woods, but yeah. The idea that we are chattels of the State, and that to top our self is a crime against the State, is really the ultimate in Govt arrogance and power over-reach.

 

(Well, besides the drafting and brainwashing mere kids to fight needless and pointless wars of utter butchery against some other state’s ‘chattels’).

I don't remember signing my freedom to chose what I do over to some State, ... but they sure want me to think that I did.

Mon, 12/20/2010 - 09:09 | 818344 pan-the-ist
pan-the-ist's picture

I think I might find a nice snowbank to fall asleep in when I am old enough to permanently retire.  Before then, I'd like to think that I could burden my children a bit.  I did wipe their asses when they were babies.

Mon, 12/20/2010 - 15:19 | 819134 DaveyJones
DaveyJones's picture

and they'll do the same for you someday. The circle

Sun, 12/19/2010 - 19:46 | 817493 wiskeyrunner
wiskeyrunner's picture

They will make younger workers pay into it knowing they will receive nothing, hey thats stealing.

Mon, 12/20/2010 - 00:51 | 818073 chinaguy
chinaguy's picture

Jesus tap dancing Christ - Obama is NOT going to announce cuts to SS. I mean - fer fucks sake- take a breath & weight the odds.

Sun, 12/19/2010 - 23:21 | 817965 strannick
strannick's picture

Put yourself beyond the power of the corrupt politicos, and safeguard the children in the snow with some gold and silver

Sun, 12/19/2010 - 16:11 | 817207 High Plains Drifter
High Plains Drifter's picture

Getting rid of the old and the invalid. This is called Obama heath care.

Sun, 12/19/2010 - 18:49 | 817418 Horatio Beanblower
Horatio Beanblower's picture

Bill Gates has a plan for that - http://www.youtube.com/watch?v=03MZG9vK0W8

Sun, 12/19/2010 - 19:37 | 817480 benb
benb's picture

Good link… Gates’ true mission is as a eugenics front man for the scientific dictatorship. Funding involuntary sterilization, depopulation, genetically modifying mosquitoes to give you a brain damaging vaccination…that’s what this monster is all about. I suppose there are a lot of people who believe the propaganda that this little scumbag ‘Made it on his own’ and now wants to help his fellow man. Not true.

Sun, 12/19/2010 - 19:50 | 817499 Translational Lift
Translational Lift's picture

Me thinks Billy G has outlived his usefulness.......time for him to go and thanks to con-gress the US will get 35% of his estate.....that should help the defecit for a couple of days......

Mon, 12/20/2010 - 10:28 | 818440 Sig Sauer
Sig Sauer's picture

Sorry, but the US will likely get 0% of Gates' estate.  It will go to his foundation and/or Buffet's foundation, and escape taxation altogether.  He's probably already using other strategies such as GRATs to provide funds for his heirs, which will also escape estate taxation.  Wouldn't surprise me if the taxman gets less than 1% of his wealth, if any at all.

Sun, 12/19/2010 - 19:02 | 817273 Translational Lift
Translational Lift's picture

"the teleprompter in chief is expected to announce cuts in Social Security"

This fucker has a death wish........Unless of course his intent is to eliminate benefits to illegals and others that have not paid into SS.

Sun, 12/19/2010 - 19:43 | 817489 StychoKiller
StychoKiller's picture

Sorry to burst your bubble there, but EVERYONE that gets a paycheck has Social Security and FICA taxes withheld from them.  Illegal aliens don't get a chance to collect on their "investment" though -- in fact, this is the dirty little secret that the Govt won't reveal:  They're counting on "other" contributions (from illegal aliens!) to partially fund the shortfall, which is why the Govt is always dragging its feet on enforcing the Border(s) and immigration law(s)!

Sun, 12/19/2010 - 19:56 | 817511 -Michelle-
-Michelle-'s picture

I've often wondered what happens to those funds from illegals.  If they steal someone's social, wouldn't the contributions go to that person? 

Does anyone wind up getting an unusually big monthly payment and wonder how it came to be?

Or do the Feds know exactly which withholdings are illegitimate and use those to fill the slush funds?

Sun, 12/19/2010 - 22:24 | 817865 QQQBall
QQQBall's picture

There have been attempts to get bennies for Messykins that used stolen or "broowed" SS numbers. The movement would have their bennies send directly to Messyco.

Sun, 12/19/2010 - 22:25 | 817866 QQQBall
QQQBall's picture

There have been attempts to get bennies for Messykins that used stolen or "borrowed" SS numbers. The movement would have their bennies send directly to Messyco.

Sun, 12/19/2010 - 20:49 | 817635 tip e. canoe
tip e. canoe's picture

bingo.   what happens when the pink elephants leave the building in droves?

oops.

Sun, 12/19/2010 - 20:45 | 817628 daveeemc2
daveeemc2's picture

http://www.youtube.com/watch?v=sJeFrqBJF6E

Ole George was ahead of his time....n-joy!

 

Mon, 12/20/2010 - 03:28 | 818221 SmittyinLA
SmittyinLA's picture

Its just business, the Democrats see the elderly as a declining vote dying off & getting smaller every year,  as well as not paying theri vig at all any more, they'd rather pander to the broke humping masses, even if they can't get the alien invader's parental vote they can get their anchor baby kid's vote(s) which is a far bigger number anyway, besides they also have the alien parents vote through benefits paid to them for their anchor kids, its not like ID is checked when you register to vote anyway, they can do whatever they want through fraud RIGHT NOW. 

Mon, 12/20/2010 - 10:06 | 818417 D-Falt
D-Falt's picture

Everything our government is doing to drive intelligent money into commodities and thereby drive up the cost of eating and driving to work does far more to destroy fixed incomes than what pResident Obama will propose in his STFU address.

Sun, 12/19/2010 - 14:49 | 817092 Rusty Shorts
Rusty Shorts's picture

Excuse me, but I would like to "opt Out" of the SS system, and please return the money that I have paid into the SS, plus any interest you fuckers have made off my back. I can handle my own retirement, fuck you very much.

Sun, 12/19/2010 - 15:06 | 817119 Landrew
Landrew's picture

I would like money from you to cover all those in your family that received benefits for disability, retirement, death benefits etc. Did you forget we all have families that are covered? So you plan to take care of BoBo and Bettie Sue yourself?

FU very much

Sun, 12/19/2010 - 15:17 | 817134 yakmerchant
yakmerchant's picture

"I would like money from you"

 

Really?  Nice argurment Marxist d-bag.

Sun, 12/19/2010 - 15:18 | 817135 Rusty Shorts
Rusty Shorts's picture

Do you really believe this is sustainable?

 

BoBo and Bettie Sue can take care of themselves, it's called taking responsibility. In the event that they cannot, then of course it's the families responsibility, not the gooberment. 

Mon, 12/20/2010 - 09:14 | 818350 pan-the-ist
pan-the-ist's picture

Yes it is sustainable.  Medicare, not so much, but that is because of the health care market's fanciful pricing on their goods and services.  The real crime is, as Bernie Sanders pointed out, the defunding of Social Security with a one year tax break.

Sun, 12/19/2010 - 15:45 | 817167 CrockettAlmanac.com
CrockettAlmanac.com's picture

So you plan to take care of BoBo and Bettie Sue yourself?

Why would he when the government is taking care of them so well? It's not like Obama is going to stop cost of living increases or cut benefits, right?

Sun, 12/19/2010 - 15:20 | 817137 Bearster
Bearster's picture

ding ding ding! +10

One cannot speak of a "profit" in armed robbery.  Second, one cannot speak of a profit in a regime which forces all private businesses with revenues over a low threshold to use the ACCRUAL METHOD OF ACCOUNTING and yet the government quotes its "profits" using the CASH METHOD OF ACCOUNTING.

Accounting for dummies: if you give me $1 this year for a promise that I will pay you $10 next year, THEN I HAVE NOT MADE A PROFIT!!!

SS is bankrupt.  Spare us the altruistic, crocodile-tear-crying, hate the "golden guys" pap.  What cannot be paid will not be paid.  Rousing up righteous class warfare does not change these two facts.

And class warfare BS does not change the fact that the only way to extend-and-pretend that SS is solvent for a while longer is to keep looting (and increase the amount) of productive people.

I stand with Rusty.

Mon, 12/20/2010 - 09:23 | 818366 blindfaith
blindfaith's picture

with all due respect to you and Rusty...

next time you drive down the freeway remember that SS money made that possible, and a lot more.  There is nothing wrong with SS, what is wrong is the government "borrowing" SS money (at interest rates IT chooses to pay)...and then doesn't pay it back, but rolls it over with cheaper dollars!  (and, oh yes, lets put those retirement dollars in the bogus stock market and let Goldman or JPM manage it because you will not be able to...are you nuts?). 

You want to see where the real crime is, go look at government retirement plans, which get supplemented by your income tax( not so with SS), because the payments they pay are a fraction of the cost.  If those SOLID GOLD benefits don't make you ANGRY, then you are just another FOX news/Republican cheerleader who can't see truth and doesn't want to either.

As for my President, likely if the Democrats don't run him, the Rupublicans will.  Who needs Sara when you have Obama.  AND, YES...I am changing parties...like so many elected Democrats I don't want to be caught 'on the wrong side of this fence'.

Sun, 12/19/2010 - 15:56 | 817180 minus dog
minus dog's picture

"Excuse me, but I would like to "opt Out" of the SS system, and please return the money that I have paid into the SS, plus any interest you fuckers have made off my back. I can handle my own retirement, fuck you very much."

I hear this a lot.  You didn't "pay into" anything - you paid a tax.

The government already spent the money you "paid into the SS", at the time you paid them.  You're money is right there - in the subsidized housing, the food stamps, the roadways, etc.  Welcome to the Ponzi scheme.  

Not saying you don't have my sympathy here, but those with 20-30 years of payroll taxes down the drain have had all that time to notice and do something about this.

Sun, 12/19/2010 - 16:22 | 817221 linrom
linrom's picture

Is that you Karl Denniger, duchebag.

Do NOT follow this link or you will be banned from the site!