Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "Forbes Breaking News" channel.

  1. As a mental math whiz, I've been trying to describe this problem to my parents for years. At 18 year old, I figured out this problem pretty quickly just by looking at my first tax stub. Btw, I'm 29 now; married, home, children etc. People wonder why I'm a minimalist in my personal habits; this is one of the primary reasons. Every DIME you can save now is a DOLLAR that won't be robbed from you in the future. Every cheap/healthy habit you can form NOW is going to be a lifestyle that affords you a good living in the economy that we are creating right now! For every dollar YOU put into Social Security that is matched by employer, you will receive 50 cents before you die. For the average American, that is a mathematical fact! Not only that, but we have a demographic crisis that is going to further bankrupt to ability to even pay for the current mandatory spending. Boomers and Gen X did NOT have enough children to pay for their retirement habits. You want to know why we're having labor shortages? It's not due to laziness, nor even unemployment insurance. The savings, the stimulus money, and the insurance money has been exhausted. There's a labor shortage because we don't have enough people to take over for retirees. Covid jump started this inevitability. Those 7 Millions men you keep hearing about in the news that are unemployed; they're not kids. They're 50-65 year old men that have retired early. Once you understand the financial and demographic disaster we are facing, the faster everything else starts to make sense. This is all about the numbers folks.
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  57. I admire Chip and other representatives attempting to fight this issue, but believe me; there is nothing of God's green earth that is going to solve the debt crisis. Even if you taxed Americans at 100% (all income and all capital gains). It would take some 100 years to settle the debt and interest of all unfunded liabilities under the US Government. It's NEVER going to happen, period! It's not linear; it's exponential. Boomers didn't want to talk about Social Security 30 years ago and NOW we are going to pay for it! Not only with our livelihoods, but the livelihoods of our children, and our grandchildren. I truly think that some 99% of Americans are completely ignorant of the situation we are in. Demographics changed; you didn't have enough kids. Nobody apparently did (in all first world countries). Why is another question, but the repercussions are inevitable. We have a shrinking labor force and a growing number of retirees. So what is supposed to happen as demographics shift, Social Security liability goes UP, interest continues to grow, and wages continue to sink below the rate of inflation? That's a brilliant question! You know what happens? We all become dirt poor and can't afford anything. The refusal to talk about Social Security and other entitlements is going to inevitably get them taken away completely. You'll see a Government shutdown that will last YEARS and not even be able to fulfill Social Security auto-pilot payments. Even if they did, the annual inflation would eat it alive. There's a reason why corporations are moving all their assets and business overseas. Who on earth wants to have assets remaining in a continent experiencing a long term depression? America's future is a bunch of elderly people dying in the streets and only a handful of young people trying to scrape by to survive.
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  118. The irony of your comment is a perfect example of what I just addressed. I'm not saying woke (bs) is acceptable, but people like you pulled your kid after watching a single segment of Fox News. Go take a look at the educational metrics/stats for homeschooled children in the US the last several years. A whopping majority of those kids are falling behind on basic mathematics, reading, and writing, period! That doesn't mean children in public schools are doing better. It means that the parents aren't actually doing what they're supposed to. Parents care more about getting politically irritated than actually caring about how it might potentially affect their children. In the last several years, we saw mobs of parents (that never attended a 'parent teacher conference', answered emails, or showed up at schooled to address failing grades in their entire adult lives. But low and behold, have Fox News throw up a few stories about indoctrination and these same parents show up at their local school with 'death threats' and political signs. You people are being played. Last time I checked; FOX News IS mainstream media. I can't tell you how many crazy conservative parents we having sending death threats and angry political ranting voicemails to educators in our district. All over something they saw on Fox News. They cherry pick looney teachers from all over the country and convince viewers that it's happening in their local school. Do any of you actually realize how ridiculous it sounds for teachers to be systemically indoctrinating your child? (making $40k a year - over-worked, underpaid, and dealing with assault and harassment on a daily basis?) People don't even realize that this is one of 'many' issues that will break the Republican Party.
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  189.  @justaguy6100  Actually, that's false. True that SS is supposedly it's own fund, but the proceeds are put into the general fund so they can be converted into t-bonds for interest collection. This is why people have endlessly complained that SS has been used for other means; though Congress and the CBO office have denied it. The SS liabilities are more or less their own designated appropriation and must be paid out. As far as widening the gap vs cutting it. I don't see any evidence (other than circumstantial) when it comes down to the parties. From a historical perspective, stocks and economies have done better under Democratic Presidents for the last 50 odd years; though that omits quite a lot of factors at the same time. People can say what they want about tax cuts, but no deficit resulted from them; if that's what you mean. In the case of Covid spending (roughly $6T) over 24 months. You had mass inflation in every area of the economy, including your auto-pilot programs. If Social Security, Medicare, and Pensions are going to be inflated at a rate higher than businesses can push up wages and generate tax revenue with it (then naturally this creates a higher deficit). This is particularly why those programs can't maintain a surplus of funds; they're dwindling. As far as the economy being robust. I don't see it. Our top exports are oil and tech/aerospace patents. Sure, there's a lot of ways to make money, but not in a domestic sense. Consumers rely so heavily on imports. Wait till Trump puts up his tariffs and people will realize how vulnerable the US economy is.
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