Where would you want them to put the money instead of government IOUs? The stock market, corporate bonds, or maybe the CBOT? Maybe they could have bought a lot of CDs at Chase or Bank of America. I don't know where the government could put that much money without a lot of risk.
My Grandfather was farming when farmers were included in SS. He paid in 5 quarters and then retired, sold the farm and moved to town. He was in his mid seventies and his youngest daughter was not yet in HS. Granddad and then Grandma collected SS for over 40 years on that 5 quarters of paying SS taxes. That is also part of SS's problems.
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Today's Featured Article - It's Alright Where It Is! - by Anthony West. I have a tale of a different kind to tell. Whilst rooting in the hedge bottoms this week I had cause to visit Chapel lane Farm, the home of an eccentric gentleman by the name of Austin Kendall. I had heard rumours that an old Case Model C was languishing away in the back of one of the outbuildings there. So off I went in search of what would turn out to be a very rare and unusual tractor. Mr Kendall is an excitable chap to say the least. He is amongst the last of a dying breed of farmer who
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