FlagDUDE08
Banned
Re: The Sad Case of the Patient Protection and Affordable Care Act
I love how with Social Security arguments, no one ever mentions the death benefit. If you are a child and one of your parents dies, you could be entitled to $1000 per month until you become 18 years of age.
Individual accounts for Social Security are a terrible idea. It would blow the pricing to smithereens. Right now, early deaths balance long lives. If you give everyone an individual account, you lose that balance and the pricing increases enormously.
Investment diversification for the Social Security Trust fund is a great idea. Having 100% of the fund "invested" in US Gov't bonds is such a blatant and pernicious conflict of interest, if anyone in the private sector tried to do that, they'd all be in jail. I'd like to see the Social Security Trust fund invested in a portfolio of US-government owned income-producing assets: timberland harvesting righgts, ranch land grazing rights, oil and gas extraction royalties, broadband spectrum leases, and the like.
This kind of investment portfolio would help take the pressure off the fund since these kinds of assets generally produce recurring revenues that would no longer be a direct drain on the annual budget.
What is really very sad indeed is how few people in government know the difference between a balance sheet and an income statement.
What is even sadder than that, many people in government actually take pride in the fact that they don't know it.
I love how with Social Security arguments, no one ever mentions the death benefit. If you are a child and one of your parents dies, you could be entitled to $1000 per month until you become 18 years of age.