Comments on: The Inconvenient Truth About the U.S. Economy http://www.theundergroundinvestor.com/2008/08/the-inconvenient-truth-about-the-us-economy/ The definitive investment blog for investment news not discussed in the mainstream media Wed, 10 Mar 2010 10:39:55 -0600 http://wordpress.org/?v=2.9.2 hourly 1 By: iyamwutiam http://www.theundergroundinvestor.com/2008/08/the-inconvenient-truth-about-the-us-economy/comment-page-1/#comment-38777 iyamwutiam Mon, 15 Sep 2008 21:22:00 +0000 http://www.theundergroundinvestor.com/2008/08/18/the-inconvenient-truth-about-the-us-economy/#comment-38777 I agree with AEG completely. The video is another farcial attempt to cover up government incompetence. First - Clinton - shold be shot for propagating thelie that 'he' balanced the budget. He did not - he simply borrowed from the Social Security TRUST FUND - to pay down the existing deficit. This is well documented. In addition - the US government has repeatedly used the Social Security trust fund as collateral for its spending via the fed. In addition- recently they have egregiously been raiding it now t cover up huge deficits in recent years - making an over 1 trillion dollar deficit appear as say a 400 billion dollar deficit (definitely in each of the last 8 years if not more than that). That is WHY there is SO much pressure to privatize social security - because the dirty truth -that our government has spent the TRUST fund (which they by law should not allowed to be touched). If the social securirty fund was invested in treasuries or used as point of financing bonds (charging say 7 percent interest) - the amount in trust would have been exponentially higher AND be more than sufficient for all baby boomers. As public enemy said -'Don't believe the hype"!! I agree with AEG completely. The video is another farcial attempt to cover up government incompetence. First – Clinton – shold be shot for propagating thelie that ‘he’ balanced the budget. He did not – he simply borrowed from the Social Security TRUST FUND – to pay down the existing deficit. This is well documented.

In addition – the US government has repeatedly used the Social Security trust fund as collateral for its spending via the fed. In addition- recently they have egregiously been raiding it now t cover up huge deficits in recent years – making an over 1 trillion dollar deficit appear as say a 400 billion dollar deficit (definitely in each of the last 8 years if not more than that).

That is WHY there is SO much pressure to privatize social security – because the dirty truth -that our government has spent the TRUST fund (which they by law should not allowed to be touched). If the social securirty fund was invested in treasuries or used as point of financing bonds (charging say 7 percent interest) – the amount in trust would have been exponentially higher AND be more than sufficient for all baby boomers.

As public enemy said -’Don’t believe the hype”!!

]]> By: AEG http://www.theundergroundinvestor.com/2008/08/the-inconvenient-truth-about-the-us-economy/comment-page-1/#comment-35835 AEG Fri, 22 Aug 2008 23:24:10 +0000 http://www.theundergroundinvestor.com/2008/08/18/the-inconvenient-truth-about-the-us-economy/#comment-35835 As a babyboomer, working since age 17 (paying taxes) now 58 can only wonder why I am being chastised for expecting some type of return on 50 years of taxation to provide for SS. The real question is WHO spent the money to provide for who's vote?? As a babyboomer, working since age 17 (paying taxes) now 58 can only wonder why I am being chastised for expecting some type of return on 50 years of taxation to provide for SS. The real question is WHO spent the money to provide for who’s vote??

]]> By: J.S. http://www.theundergroundinvestor.com/2008/08/the-inconvenient-truth-about-the-us-economy/comment-page-1/#comment-35711 J.S. Thu, 21 Aug 2008 16:15:17 +0000 http://www.theundergroundinvestor.com/2008/08/18/the-inconvenient-truth-about-the-us-economy/#comment-35711 P.S. Bernanke's term lasts until 2010 P.S. Bernanke’s term lasts until 2010

]]> By: J.S. http://www.theundergroundinvestor.com/2008/08/the-inconvenient-truth-about-the-us-economy/comment-page-1/#comment-35362 J.S. Mon, 18 Aug 2008 16:09:24 +0000 http://www.theundergroundinvestor.com/2008/08/18/the-inconvenient-truth-about-the-us-economy/#comment-35362 Aveesh, Wouldn't it be great if we could hold those responsible for creating the problems accountable for their actions? Unfortunately, those in charge only seem interested in bailing out those responsible and pinning the losses on the taxpayer... Aveesh, Wouldn’t it be great if we could hold those responsible for creating the problems accountable for their actions? Unfortunately, those in charge only seem interested in bailing out those responsible and pinning the losses on the taxpayer…

]]> By: Aveesh Kumar http://www.theundergroundinvestor.com/2008/08/the-inconvenient-truth-about-the-us-economy/comment-page-1/#comment-35355 Aveesh Kumar Mon, 18 Aug 2008 13:31:10 +0000 http://www.theundergroundinvestor.com/2008/08/18/the-inconvenient-truth-about-the-us-economy/#comment-35355 start a movement to pressure hank paulson and bernanke to continue in their positions so that they cant pass the buck to someone else...great article... start a movement to pressure hank paulson and bernanke to continue in their positions so that they cant pass the buck to someone else…great article…

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