Bottom line, it is broke. Cause more money is taken out then put in.
The whole US federal debt is 15.2 trillion dollars now. The SS ponsi scam is just part of the overall picture.
Uncle Sam pays out 300 billion per month and only collects 180 billion in taxes per month. SOoooo.....The other 120 billion comes from borrowing.
To really see where the largest entitlements are just look at this website...www.usdebtclock.org, this is staggering and sickening at the same time. I believe that the US of A will become just like the nations of Greece, Italy, Iceland, etc. Due to the politicians trying to please the workers, (tax payers) and the takers, or non-workers. Now if you could just take the right to vote away from the non-workers then the problem would fix itself overtime. Ok throw me to the wolves.
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Today's Featured Article - An Old-Time Tractor Demonstration - by Kim Pratt. Sam was born in rural Kansas in 1926. His dad was a hard-working farmer and the children worked hard everyday to help ends meet. In the rural area he grew up in, the highlight of the week was Saturday when many people took a break from their work to go to town. It was on one such Saturday in the early 1940's when Sam was 16 years old that he ended up in Dennison, Kansas to watch a demonstration of a new tractor being put on by a local dealer. It was an Allis-Chalmers tractor dealership,
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