It might have helped matters if Bill Clinton did not borrow all the money from the Social Security Trust Fund to balance the budget. He left IOU's in there. Now all Social Security payments must be budgeted.

B, you can't lay all this at Clinton's feet. SS was bound to die the day it was implemented. Read about the first gal that started receiving it.

Trump didn't cause WuFlu, but he'll get credit for that someday.

Follow the make-believe money. Where did US get $3 trillion to dump this month (another $2-3 trillion next month)?

I'm pretty sure it's not China.

Carpe dium (sp?) my friend. Live for the day.

you can't lay all this at Clinton's feet. SS was bound to die the day it was implemented.

Follow the make-believe money. Where did US get $3 trillion to dump this month (another $2-3 trillion next month)?

Yes, the Social Security system is really just a big Ponzi scheme.

And I can lay a good portion of the problems at Clinton's feet. He robbed the fund and left IOU's in it to balance the budget. That means exactly that Social Security payments MUST be budgeted.

The facts are that the Baby Boomers have funded the Social Security System. Now those people are in retirement age and beginning to draw out their benefits. As it goes, the contributions are being outweighed by the withdrawals. Enough said.

Fed Chairman Powell just told Congress tot spend as much as they wanted. Fuel the deficit and create more debt.

Federal Reserve Notes are evidence of debt. You owe that dollar to someone else. ;)

The story about the first gal on SS is interesting, if you can find it. Probably scrubbed.

the first gal on SS

The first one to receive benefits? I hear you on that one.

But how many cost of living adjustments have there been since that time?

en.wikipedia.org /wiki/Ida_May_Fuller

Her claim was taken by Claims Clerk, Elizabeth Corcoran Burke, and transmitted to the Claims Division in Washington, D.C. for adjudication. The case was adjudicated and reviewed and sent to the Treasury Department for payment in January 1940. The claims were grouped in batches of 1,000 and a Certification List for each batch was sent to Treasury. Fuller's claim was the first one on the first Certification List and so the first Social Security check, check number 00-000-001, was issued to Fuller in the amount of $22.54 (equivalent to $411 in 2019) and dated January 31, 1940. During her lifetime, she collected a total of $22,888.92 in Social Security benefits and paid in $24.75.[1][2]

All the trillon$ lately conjured and dispersed for corona "stimulus" will cause hyperinflation, and I'll bet you nine to nothin' that Social Security cost-of-living increases won't keep up. So old folks lose.

I know I am over 65 now. How about you?

I do not see my Corona virus stimulus check. It goes to my Conservator at the court house.

Old folks only lose if their payments cannot keep up with expenses. I cannot afford beef since it is so costly. ;)

Ida May Fuller

During her lifetime, she collected a total of $22,888.92 in Social Security benefits and paid in $24.75.

HaHaHaHa! That's my gal!

You're a good researcher B!

(Edit) I bet you didn't know that.

It doesn't matter if I and most the other old people die from lack of money for food

7 million people starved to death in the Great Depression!

The 1930 U.S. Census determined the U.S. population to be 122,775,046.

Do the math yourself. If the same thing happened today, the percentage would be much higher. ;)

HaHaHaHa! That's my gal!

You're a good researcher B!

(Edit) I bet you didn't know that.

No I did not know that. Learn a little more every day. ;)

All the trillon$ lately conjured and dispersed for corona "stimulus" will cause hyperinflation, and I'll bet you nine to nothin' that Social Security cost-of-living increases won't keep up.

Well... Yeah, duh.

So old folks lose.

Well... Yeah, duh. I'm one of them oldsters.

(Edit) I'M GOING TO GO KILL CHINA!

We are way past our productive years anyway.

Speak for yourself "B" ! I work everyday (almost) and do not collect any money from Uncle Sambo ! "Not past being productive - YET !

EDIT: I'm not faulting anyone. I'm simply admitting I'm stubborn !

I work everyday (almost) and do not collect any money from Uncle Sambo ! "Not past being productive - YET !

I'm close. Still trying to hang in there. I'll never get or take goob handouts though.

Do the math yourself. If the same thing happened today, the percentage would be much higher. ;)

Assuming the same percentage it would be 7m*330/123 = 19 million starving to death. However, actually the percentage might be much higher because in 1930 half the people lived on farms and most of the others had gardens. Therefore, they could eat, even if they had little or no money. Today, 2% live on farms and very few people have gardens or even know how to garden and have nowhere to garden if they did know how to garden. Therefore, 30 million might die of starvation. However, that only culls the worthless, I included and results in a stronger population.

Therefore, 30 million might die of starvation. However, that only culls the worthless, I included and results in a stronger population.

Grocery stores only have about a week's worth of food some less than that. The local Wal Mart gets shipments from the warehouse twice a week. Some products they have trouble keeping in stock, and beef is so expensive most people cannot afford it.

We are lucky since Trump is giving every adult a $1,200 economic stimulus payment the first month, and then $1,000 per month after that until the COVID-19 pandemic is declared over. ;)

I don't have many more years anyway.

I wonder how many have made the same sort of comment that never saw another day. Life is fragile and I'm happy not to know about its end.