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 - Gatherin of the Orange - by Rick Nikolich. In July of 1998 I was talking to fellow Allis Chalmers collector Mike Schilling about the annual "Gathering of The Orange" AC show coming up in August of 1999. He got this wild idea that we should get a convoy of AC tractors and drive them from Charlotte, Michigan 105 miles to LaGrange, Indiana.
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