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Bernie Sanders explains social security

Bernie Sanders explains social security

(8:59) Social security is arguably the most important government social program in US politics. It is also the most successful, never missing a payment to any eligible American. Bernie Sanders explains.

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Casey Casey (1057 days ago)

If social security is fully funded for the next 19 years or so why does Onama say the cheques won't go out if the debt ceiling isn't raised? Surely if the money is there it shouldn't be a problem should it? Of course the money is not there, not in real assets anyway, just IOUs from the same govt. that Bernie believes is needed to save the day, instead all it has done is to leed people into a state of false security. I know so many people who haven't saved for retirement because they want to spend and have fun now and think the govt. will look after them later on. The fable of the grasshopper and the ant come to mind....you can't borrow your way to prosperity, sooner or later the bill must be paid, Bernie and his ilk have no problem sticking the bill to the next generations through much higher taxes and reduced standard of living, that is taxation without representation, do you really think they will put up with it?

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Original comment

If social security is fully funded for the next 19 years or so why does Onama say the cheques won't go out if the debt ceiling isn't raised? Surely if the money is there it shouldn't be a problem should it? Of course the money is not there, not in real assets anyway, just IOUs from the same govt. that Bernie believes is needed to save the day, instead all it has done is to leed people into a state of false security. I know so many people who haven't saved for retirement because they want to spend and have fun now and think the govt. will look after them later on. The fable of the grasshopper and the ant come to mind....you can't borrow your way to prosperity, sooner or later the bill must be paid, Bernie and his ilk have no problem sticking the bill to the next generations through much higher taxes and reduced standard of living, that is taxation without representation, do you really think they will put up with it?

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Guest: one more time (1056 days ago)

Put up with it? What are they going to do, send Arnie back in time?

Actually, if things become unworkable, the only result can be a revolution. Maybe peaceful - but who am I kidding! The reason is, the amount of stuff in the world is enough for everyone, but it is not shared very equitably. A revolution can cancel all debts, all ownership, share all the stuff, and start again.

Trouble is that after a while it would be inequitable again. Communism doesn't work; socialism's a busted flush. Free enterprise does deliver the goods but it needs to be controlled. Control is the job of governments, but they are not doing a good job of it. See, for example, how national govts are not able to get reasonable tax off international companies like Google or Starbucks or Amazon. The govts just whine "Please pay some more! Anything you can spare!" which is pathetic.

International commerce needs international government.

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Original comment

Put up with it? What are they going to do, send Arnie back in time?

Actually, if things become unworkable, the only result can be a revolution. Maybe peaceful - but who am I kidding! The reason is, the amount of stuff in the world is enough for everyone, but it is not shared very equitably. A revolution can cancel all debts, all ownership, share all the stuff, and start again.

Trouble is that after a while it would be inequitable again. Communism doesn't work; socialism's a busted flush. Free enterprise does deliver the goods but it needs to be controlled. Control is the job of governments, but they are not doing a good job of it. See, for example, how national govts are not able to get reasonable tax off international companies like Google or Starbucks or Amazon. The govts just whine "Please pay some more! Anything you can spare!" which is pathetic.

International commerce needs international government.

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Casey Casey (1054 days ago)
Latest comment:

The problem has never been not enough taxes, it's too much govt. spending. The USA for example is getting record tax receipts but still going further into debt! Do you really want to fund more overseas wars, more $43million dollar gas stations in far off countries that only cost $500,000? Do you really want to fund a govt. that then uses that money to to spy on you, commit murder and then jail anybody who opposes it? And that's just the tip of the iceberg.

Control is not the job of govt. , govt. is only there to assure a level playing field by upholding the law and letting freemen do what they do best and no govt. can do. That's create real jobs and real wealth. As Adam Smith said, the biggest spenders are govts. They will bankrupt a country where the citizens never will.

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Original comment
Latest comment:

The problem has never been not enough taxes, it's too much govt. spending. The USA for example is getting record tax receipts but still going further into debt! Do you really want to fund more overseas wars, more $43million dollar gas stations in far off countries that only cost $500,000? Do you really want to fund a govt. that then uses that money to to spy on you, commit murder and then jail anybody who opposes it? And that's just the tip of the iceberg.

Control is not the job of govt. , govt. is only there to assure a level playing field by upholding the law and letting freemen do what they do best and no govt. can do. That's create real jobs and real wealth. As Adam Smith said, the biggest spenders are govts. They will bankrupt a country where the citizens never will.

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