BF2S Forums Old people in America screw over kids and grand-kids

And just an FYI spittle, I don't like or agree with Social Security. I think the entire concept is asinine because it's not that hard to save for your retirement. It just means sacrificing the jet ski.

I would love to see SS grandfathered out of existence except now we're stuck paying for it either way because the money never built up in a savings account to pay for the currently retiring. They could make the cutoff 30 years of age, tell everyone below that cutoff that SS doesn't exist and to cut their losses and they would still end up paying for SS out of their income taxes It's a fucked up situation and the only real way out of it is default. That of course would lead to either a lot of old dead people or a revolt.

shut up galt

JohnG@lt wrote:

Lotta_Drool wrote:

Nic wrote:

Maybe it was a fair debate, maybe it wasn't, I didn't check it out. My point is, he should probably get some kind of a base knowledge of what it is before dropping in on a economists debate on it. Wouldn't you agree to that?

Oh I agree with you, and he was taken to task over it by this loving group.

Shifty gets treated the way he does because he tries to have an opinion on topics when his knowledge is third hand at best. Shifty's opinions are nothing more than his fathers opinions passed through the mind of a child without the foundational knowledge to understand what he's been told. Then he gets frustrated when people call him out on his ignorance. Instead of sitting on the sideline asking questions and trying to learn, he continuously butts his head in and gets torn to shreds. If he picked up a book other than his Bible he might actually have something of value to contribute, but alas, he does not.

But you are a fountain of knowledge taking me to task on the facts with posts filled with awesomeness like this zinger:

JohnG@lt wrote:

You would help your argument more if A) you were rational, B) had a clue and C) didn't try to insult me in every sentence. I know that's too much to ask.

Spittle, why aren't you out trying to off senators if you hate the situation so much? Coward.

Go back to studying money and dry humping the Federal Reserve Systems leg.  Leave reality to the pyscos like me. pyscos need to sleep, spittle needs to sleep.

Lotta_Drool wrote:

JohnG@lt wrote:

Lotta_Drool wrote:

Oh I agree with you, and he was taken to task over it by this loving group.

Shifty gets treated the way he does because he tries to have an opinion on topics when his knowledge is third hand at best. Shifty's opinions are nothing more than his fathers opinions passed through the mind of a child without the foundational knowledge to understand what he's been told. Then he gets frustrated when people call him out on his ignorance. Instead of sitting on the sideline asking questions and trying to learn, he continuously butts his head in and gets torn to shreds. If he picked up a book other than his Bible he might actually have something of value to contribute, but alas, he does not.

But you are a fountain of knowledge taking me to task on the facts with posts filled with awesomeness like this zinger:

JohnG@lt wrote:

You would help your argument more if A) you were rational, B) had a clue and C) didn't try to insult me in every sentence. I know that's too much to ask.

Spittle, why aren't you out trying to off senators if you hate the situation so much? Coward.

Go back to studying money and dry humping the Federal Reserve Systems leg.  Leave reality to the pyscos like me. pyscos need to sleep, spittle needs to sleep.

So how do you envision everything working with the Fed gone?

JohnG@lt wrote:

Lotta_Drool wrote:

JohnG@lt wrote:

Shifty gets treated the way he does because he tries to have an opinion on topics when his knowledge is third hand at best. Shifty's opinions are nothing more than his fathers opinions passed through the mind of a child without the foundational knowledge to understand what he's been told. Then he gets frustrated when people call him out on his ignorance. Instead of sitting on the sideline asking questions and trying to learn, he continuously butts his head in and gets torn to shreds. If he picked up a book other than his Bible he might actually have something of value to contribute, but alas, he does not.

But you are a fountain of knowledge taking me to task on the facts with posts filled with awesomeness like this zinger:

JohnG@lt wrote:

You would help your argument more if A) you were rational, B) had a clue and C) didn't try to insult me in every sentence. I know that's too much to ask.

Spittle, why aren't you out trying to off senators if you hate the situation so much? Coward.

Go back to studying money and dry humping the Federal Reserve Systems leg.  Leave reality to the pyscos like me. pyscos need to sleep, spittle needs to sleep.

So how do you envision everything working with the Fed gone?

Government run banks, no middle man.  Interest on bank loans are a direct tax source for the government.  Government is accountable to the people.

I pay vastly more in interest on my house then to Federal Taxes.  On my 5.25% loan the Government made < .5% I bet.  If I default on the loan thought the Government will be right there to take the fall though and pass bill on to tax payers.

Now you tell me why you dry hump the Federal Reserve and the big banks.

Last edited by Lotta_Drool (2011-01-12 18:51:14)

JohnG@lt wrote:

Lotta_Drool wrote:

Government run banks, no middle man.  Interest on bank loans are a direct tax source for the government.  Government is accountable to the people.

I pay vastly more in interest on my house then to Federal Taxes.  On my 5.25% loan the Government made < .5% I bet.  If I default on the loan thought the Government will be right there to take the fall though and pass bill on to tax payers.

Now you tell me why you dry hump the Federal Reserve and the big banks.

I don't dry hump either. I asked a simple question. What would take the place of the Fed if you had your way and it was dissolved? Prior to the Fed we had a system where each bank and each state issued their own currencies. Do you want to go back to that?

Did you read my post?

No private banks issuing Federal Currency.  I answered your question.  If pawn shops want to trade in gold and farms want to trade in sheep they can have at it, but if a home builder wants US currency and you don't have the money you get a loan from a GOVERNMENT bank at an interest rate fully controlled by the Federal Government (tax rate) and then make payments to the GOVERNMENT bank.

I am no expert and am not going to dream up a whole system for you, but yeah, something along these lines.

No private banks issuing Federal Currency.  I answered your question.  If pawn shops want to trade in gold and farms want to trade in sheep they can have at it, but if a home builder wants US currency and you don't have the money you get a loan from a GOVERNMENT bank at an interest rate fully controlled by the Federal Government (tax rate) and then make payments to the GOVERNMENT bank.

So basically you dream of an agrarian utopia based on barter and govt control of currency, like North Korea?

Last edited by Dilbert_X (2011-01-12 19:06:37)

Dilbert_X wrote:

No private banks issuing Federal Currency.  I answered your question.  If pawn shops want to trade in gold and farms want to trade in sheep they can have at it, but if a home builder wants US currency and you don't have the money you get a loan from a GOVERNMENT bank at an interest rate fully controlled by the Federal Government (tax rate) and then make payments to the GOVERNMENT bank.

So basically you dream of an agrarian utopia based on barter and govt control of currency, like North Korea?

<insert equally retarded statement here>

Cybargs wrote:

do it asian style, people live with their parents FOR LIFE.

That's not just the Asian style...  That was the style of most societies up until the last century or so.

By the time I'm 65, SS will be gone, and retirement will be a cruel joke.

Hurricane2k9 wrote:

But they contributed for most if not all of their careers to the Social Security fund. Maybe it's unfair for them to get SSI when they can sustain themselves, but it's also unfair to take their money if they're not gonna get something back.

I'm not getting the money I've put in for the last decade back.

At some point, one generation of retirees will get fucked.  They'll be the first generation to have paid into SS but get nothing back.  Unfortunately, that's probably going to be my generation -- even if we completely open the borders up and give citizenship to anyone that shows up.

Eventually, too many people will be retiring at the same time for any number of young workers to prop up the system via payroll taxes.  That time is coming soon....

Last edited by Turquoise (2011-01-12 19:25:46)

Lotta_Drool wrote:

Dilbert_X wrote:

No private banks issuing Federal Currency.  I answered your question.  If pawn shops want to trade in gold and farms want to trade in sheep they can have at it, but if a home builder wants US currency and you don't have the money you get a loan from a GOVERNMENT bank at an interest rate fully controlled by the Federal Government (tax rate) and then make payments to the GOVERNMENT bank.

So basically you dream of an agrarian utopia based on barter and govt control of currency, like North Korea?

<insert equally retarded statement here>

Your initial statement was retarded enough kthx

Lotta_Drool wrote:

JohnG@lt wrote:

Edit - So what you ultimately want is nationalization of all banks? I thought you were trying to portray yourself as a small government type. Why did you take out a home loan? Why didn't you save up and pay cash?

Yes, Yes (but why would my government not control its own currency that it is ultimately responsible for and why wouldn't I want the current $1600 a month I pay the bank in interest to go to the government instead when the government is the one that printed the money I spent), because housing costs where going up faster than I could have saved.

You truly have no idea how economics work... wow.