Re: [Pen-l] PK on the Madoff Nation

[Shane Mage <shmage@xxxxxxxxxxxx>]

On Dec 20, 2008, at 7:55 PM, David B. Shemano wrote:

Joel Blau writes:

Are you less confident that social security will be paid than any other

government obligation? Unless your point is that social security is mere

social welfare, and hence readily dispensable, why is government

borrowing from the trust fund any less an obligatory debt?

Social security payments will be paid until the payments become unpopular...

Is this a joke?  Everyone caterwauling about the supposed "actuarial deficit" bases their fantasy on one indisputable fact--the steady increase in the percentage of the population receiving social insurance payments.  And someone is supposed to imagine that we oldsters, today the most politically powerful demographic segment of the electorate, are going to become much less politically powerful while becoming ever more numerous absolutely and relatively? We know precisely the date when Social Security payments will stop--the Greek Kalends!

Shane Mage

This cosmos did none of gods or men make, but it

always was and is and shall be: an everlasting fire,

kindling in measures and going out in measures."

Herakleitos of Ephesos

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