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 - Tractor Profile: Ferguson TO-20 - by Staff. When the infamous "Handshake Agreement" between Henry Ford and Harry Ferguson fell by the wayside (that's a story in itself), Harry Ferguson quickly set up manufacturing plants for a United States version of his English TE-20. The TO-20 was relatively the same as the TE-20 except utilized some different casting materials and had a US-style electrical system. The TO-20 was a dead ringer for the Ford 9N and 2N models and they say that Ferguson did this on purpose when the Handshake Agreement wen
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