Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
and I stand exactly by that comment. Word by word. Please make the effort to read at least the part you have cited.

I have never claimed, there is a Social Security crisis generated by entitlements. This you read in the comment without I ever having written it. I have not. You have not given any new information, I had not before. If there would be a social security crisis, there wouldn't be a trust found, that can be looted by the gov't. So I have not the slightest clue, how you could imgine I was talking about a crisis generated by entitlements. I was talking about the current financial crisis, that obviously threatens the way gov't debt was handeled in the past.

The rationalisation is not, everybody steals,but the US gov't will steal. It will steal from those, that have paid the social security. And therefore it is better not to trust it. Fine, if you are willing to be looted, so that somebody else can kill people in Iraq or Afghanistan. The looting is currently ongoing. There is no mind twisting. We see it. Even if the gov't doesn't default on the soc sec debt, it can pay it only with generating massive inflation. That will at least partially as well hurt those, that have paid.

Der Amerikaner ist die Orchidee unter den Menschen
Volker Pispers

by Martin (weiser.mensch(at)googlemail.com) on Tue Feb 10th, 2009 at 12:04:31 AM EST
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