On Nov 16, 12:47*pm, John Galt wrote:
wrote:
On Mon, 16 Nov 2009 11:00:12 -0600, John Galt
wrote:

wrote:
On Mon, 16 Nov 2009 10:03:16 -0600, John Galt
wrote:

It is a first hand account, and as such, is beyond contestation.

Apparently if you were in the jury on a murder trial, you'd discount the
eyewitnesses and try and Google up material to base your decision on..
Except no one can impeach your "testimony"
Of course you can. Just that my nephew's condition (which is a mild
scoliosis) was not affected by the Swedish social security reforms of 2008.

Other than you "saying so"---what evidence have you
posted?

First off, I'm not sure why you need citations, unless you're
mathematically challenged.

- ALL social welfare systems depend on the contributions of the
workers to
- support those who cannot work. Funding mechanisms for all these
programs
- were developed in the 50s through the 70's, before people stopped
having
- so many kids. It's fairly easy to develop an equation that
demonstrates
- a valid funding mechanism; then, cut the money coming into the
system
- through tax receipts by a third a watch it go into the red. Like SS
and
- Medicare, most of these systems amassed large bank accounts while
people
- were still bearing children, and have been tapping those balances
for
- decades now while people scaled back their childbearing. They all
have a
- date when they go into the red; SS is in the late 2030's, Medicare
- around 2014-2017, and so do the Euro and Japanese systems (the
latter
- being in the worst shape of all, if memory serves.)

Oops except that LBJ and the US Congress 'took'
{robbed} the Social Security Trust Funds out of
there Locked Boxes and put them into the General
Fund and Spent It All on the Great Society and
'other' Social Programs.
SO THERE AIN'T NO MONEY THERE [.]

Now Prez Obama wants to 'take' $500B of Medicare
Spending and Divert it to Pay for Obama-Care©

Which will result in Cuts in Medicare Services but
keep Higher Medicare Premiums -aka- a Medicare
"Price Hike" and Gouging America's Senior US
Citizens to apy for Free Medical Treatment to
Illegal Aliens via Obama-Care©.

SHAME ON YOU PREZ OBAMA !


Second, it's hardly a secret that the systems are failing. Although
mostly focused on the US entitlements, Dr. Koltikoff of MIT did
reference the other systems to some extent in his book The Coming
Generational Storm. The status of the US entitlements (which is pretty
grim) was researched heavily by Drs. Gokhale and Smetters for Paul
O'Neill; O'Neill's refusal to bury the findings got him fired. You can
google up "Smetters FINAL" and get the core research that the CBO and
Trustees are looking at, although it's probably been updated since then,
and not for the better.

Third, I'm wondering why we're even talking about this. Assuming you're
an American, WTF do you care about the Euro systems? We don't have a
Euro system, we'll never have a Euro system, and so what happens over
there doesn't matter a whit over here. You've already got an impossible
job defending the Rookie-in-Chief's running an October deficit that was
as large as the entire 2007 annual deficit, which you Demosocialists
were whining about as being way too large.

You need to stay focused.

JG