THE PERFECT STORM


FRANCE IS HAVING A GENERAL STRIKE OVER THEIR 42 DIFFERENT PENSION SCHEMES THAT THE GOVERNMENT WANTS TO “STANDARDIZE”! IN THE USA WE HAVE THE SOCIAL SECURITY SYSTEM WHICH ESTABLISHES PAYOUT BASED ON WHAT YOU PAY INTO IT. THE S.S. TRUST FUND IS SCHEDULED TO RUN OUT OF MONEY BY 2034. AT THAT TIME BENEFITS WILL BE REDUCED BY 25% TO ALL RETIREE’S. THE SYSTEM WILL THEN BE LIVING PAYCHECK TO PAYCHECK BUT PAYOUT IS BASED ON THE SAME NUMBERS OF PEOPLE WORKING AND EARNING THE SAME KIND OF DOUGH!

BUT ALONG COMES A GLOBAL DEPRESSION WITH FEWER PEOPLE WORKING AND THOSE THAT ARE, ARE MAKING WAY LESS MOOLAH! THIS IN TURN MEANS THAT SOCIAL SECURITY IS TAKING IN FAR FEWER BUCKS AND PAYING OUT FAR FEWER BUCKS AS WELL! THE FOLKS WHO RELY ON THEIR SOCIAL SECURITY COMPLETELY (AND WHO TEND TO VOTE DEMOCRAT) WILL BE SCREAMING BLOODY MURDER. ONE SHOULD THEN EXPECT THAT PAYOUT WILL NO LONGER BE BASED ON WHAT YOU PAID IN BUT RATHER BASED ON EVERYONE GETTING EQUAL PAYMENTS REGARDLESS!

AND THAT IS ALL I’M GOING TO SAY ABOUT THAT!

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