Ferrari Mailing List: Re: Economics [Ferrari Digest, Vol 28, Issue 36]

[BRIGANDBAR (BRIGANDBAR]

First of all, Social(ist) Security is the largest "Ponzi Scheme" ever  
foisted upon any current population.
 
The problem with Ponzi Schemes is that they eventually run out of money to  
fool the earlier participants and they collapse around themselves. In this case 
 we are eventually learning that even the deepest pockets in the world, the 
U.S.  Treasury will eventually run dry if the game perpetuates itself long  
enough. If one is less than 40 years old today I would suggest planning for 
life  
without Socialist Security.
 
It is also true that "you can't keep them back on the farm" after they have  
seen the city where one can simply, and often illegally, arrive and qualify 
for  more benefits than they even had knowledge of prior to their departure.
 
Just Anotonin Scalia has expressed it well when he espoused a philosophy of  
simply returning to the original meaning of the Constitution and cease adding 
in  (without going through the Amendment process) what we think we would like 
it to  mean. Nothing will be resolved until we return to the originally 
constructed  Cabinet departments, the Federal government shrinks in form, and 
each 
individual  state is permitted all rights "reserved" to it and not specifically 
delegated to  the Federal government.
 
The problem comes when the official Ponzi Scheme has taken from a large  
proportion of the population the funds that would have been individually  
invested 
for their retirement future. To dissolve the program one must find a  way to 
make whole those who have lost opportunity costs as well as forced  
contributions to recover. And how, without the income stream from the new  
forcible 
participants, to come up with the funds to make such repayments  possible. Like 
a 
serious combat wound, or a malignancy, the cure sometimes  results in the loss 
of function, partial, or in some cases fatal.
 
An interim solution would be to use the general fund to repay individually  
each current Socialist Security participant the equivalent of their  
contributions at a calculated compounded interest rate if they have not begun 
to  draw 
benefits, and to limit the benefits of those currently receiving payments  
equal to such an amount. No, this is not unfair, every one of them has been 
told  
that Socialist Security was a supplement to their retirement funds and should  
not be expected to provide sufficient income to retire comfortably. Medicare 
can  be privatized as a supplemental insurance policy for those having private 
health  insurance, with higher, self-sustaining, premiums for those who do 
not have  private health insurance.
 
Medicare and welfare (as well as Socialist Security) can be completely  
eliminated for all persons who are not citizens of the United States. If the  
aliens, resident or non-residents are unsuccessful at self-sustentation or are  
otherwise unhappy they are welcome to simply go home. Any person who is caught  
in this country without legal entry should be imprisoned in facilities where  
they can work off their debt to this country for the time that they have spent  
here illegally, and any other benefits derived from their illegal presence on 
 work crew similar to the (first) Great Depression's CCC and then deported. 
For  all of this to work the statutes would need to be amended to post the "No  
Vacancy" sign at the border and allow citizenship only for persons born to 
two  parents who are U.S. citizens at the time of their birth. If one has been 
here  long enough to attain citizenship under the current law and has failed to 
do so,  well, tough luck, you had your chance. "Anchor children", those who 
are the  children of illegal aliens or are otherwise used by adults as an 
excuse for an  Immigration Judge to allow the adults to remain in this country 
should simply be  returned to the country where their parents are citizens 
pending 
future  legislation to determine their status but not earlier than their 21st 
 birthday.
 
Self-sustaining aliens who are legally in this country should, of course,  be 
allowed to stay, albeit in strict accordance with the provisions of their  
entry visas, and students who are paying the full cost of their education,  
including reimbursing states for any subsidies in public institutions should be 
 
allowed to stay until they complete their education or the expiration of their  
visas.
 
 
If one cannot be self-sustaining, then one has a set of problems to  
self-resolve. American citizens are welcome to do it here, others are not  
similarly 
welcome to remain within our borders. Its not class warfare to keep  one's 
assets for the benefits of their own families and not be forced to  
redistribute 
them to the children of other's who, through Affirmative Action or  other 
governmental vehicles will then steal the jobs that they were creating for  
their 
own offspring.
 

I am sure that such a program could draw a number of expletives as its  
description but these are troubled and terrible (economic) times and we simply  
cannot afford to support the world any more. If the world is so in love with 
the  
World Bank, the UN, miscellaneous NGO's, etc., then the nations who have 
caused  much of the economic distress, e.g. OPEC, can fund them as the U.S. no 
longer  can do it. Third world and developing nations seem to be doing just 
fine 
with  the currently outsourced U.S. jobs and are no deserving of any other  
subsidies.
 
Oh, and I'm pretty sure you can draw your own conclusions as bailing out  
Detroit and the Big Three Automakers.
 
Dr. Steve
 
 
Dr. Spies  

1964 Rolls  Royce Silver Cloud III...........1975 Pontiac GV Conv.
1980 MB  450SL..................................1982 RR Corniche
1985 MB 280 GE  G-Wagen................. 1985 GMC Brigadier 20 Ton 
Winch/Wrecker
1988 Rolls  Royce Silver Spur................1990 Cadillac "Eagle" Hearse
1994 F-350  Powerstroke 4x4................1995 Ferrari 348 Spyder
1996 Bronco  ......................................2000 Lincoln Town Car
2004  Excursion...................................(+ Audrey's 2x MB's)
and  a
1976 Fire Truck...................................HAHN, WARNER &  SWASEY- 
DUPLEX 
DIVISION  HOWE  APPARTUS . MODEL #R400 FIRE  TRUCK w/a 100' Tower


Dr. Stephen B. Spies, CES,  CFI
Director, Forensic Sciences Laboratory
Explosives Engineering  Technologies
lex talionis
Fides tamen Quin

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