tag:blogger.com,1999:blog-3776665703590564248.post5359056059716717707..comments2024-03-27T01:57:19.605-04:00Comments on Return To Excellence: The Solution To Social Security's Funding ProblemReturnToExcellence.nethttp://www.blogger.com/profile/18149859814999976879noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3776665703590564248.post-21443727032382452832021-07-16T19:49:44.191-04:002021-07-16T19:49:44.191-04:00Hi Doug - Excellent commentary as always.
Your ob...Hi Doug - Excellent commentary as always.<br /><br />Your observation: "I have never met one person @ any of my FairTax seminars or radio programs I have been on, including the radio hosts, who were aware of the Trust Fund's pending exhaustion & the program's subsequent reduction in benefits" is particularly worrisome.<br /><br />And I think is the heart of the matter. That is why politicians can continue to sidestep the issue.<br /><br />Your point about indexing to the CPI I do not believe will have any effect. <br /><br />I am betting that Washington will simply print whatever money they need to cover any debts and deficits. Yes, Modern Monetary Theory is alive and well in the U.S. and the world.<br /><br />Unfortunately I believe we are going to have a wholesale economic collapse before more intelligent, wiser heads can prevail.<br /><br />The fools that don't allow or believe in recessions, and economic slowdowns live in a fool's paradise, there is a reason for recessions the same as there is a reason your body temperature will spike (fever) to combat infections.<br /><br />Since the FairTax has no chance of passage until the collapse is imminent or occurs, we are going to have to go thru a humbling experience, one that I hope we can survive.<br /><br />The only saving grace, if you will, is the fact that pretty much every other country in the world are following the same idiotic policies.<br />DCnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-15117706613037596052021-07-13T19:37:37.471-04:002021-07-13T19:37:37.471-04:00Doug, on the basis of this blog, I believe you cou...Doug, on the basis of this blog, I believe you could earn your doctorate in Economics!SRKnoreply@blogger.comtag:blogger.com,1999:blog-3776665703590564248.post-79964130350009643152021-07-12T19:46:19.414-04:002021-07-12T19:46:19.414-04:00Doug very interesting and enjoyable article to re...Doug very interesting and enjoyable article to read. The facts are there. Trouble times ahead. The younger crowd will have a very real awakening.JWnoreply@blogger.com