Quote:
Originally Posted by FighterHayabusa
You know who else used Alarmism and fearmongering? Hitler!
as long as we're trading non sequiturs ...
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Good point, National Socialism proved to be almost as large a failure as communism among the various schemes of centralized ecomomic planning.
The point is, and always will be that centralized economic planning has proven deadly to perhaps 100 million humans during the last century.
I wish we could all learn to distinguish between fear mongering and the careful presentation of facts.
"The Congressional Budget Office is projecting that Social Security will pay out more in benefits than it collects in taxes next year and in 2011, a first since the early 1980s, when Congress last overhauled Social Security.
Social Security is projected to start generating surpluses again in 2012 before permanently returning to deficits in 2016 unless Congress acts again to shore up the program. Without a new fix, the $2.5 trillion in Social Security's trust funds will be exhausted in 2037. Those funds have actually been spent over the years on other government programs. They are now represented by government bonds, or IOUs, that will have to be repaid as Social Security draws down its trust fund."