We're over taxed by $200B a year right now for "social security" with it's non-existent trust fun.
Instead of using the money for current year's spending and writing an IOU, as we have since Greenspan proposed it under Reagan...
Imagine if we had been buying prime rated mortgages right along? None of this fancy derivatives, and even the Dems would've been scared to monkey with the credit standards too much of the trust fund. Just good, solid single family, small multi-family owner occupied rentals (three to six apartments say), and small commercial properties. Income streams for the next 15, 20, 30 years sure match up with pension needs nicely.
If we were going to over-tax ourselves on SS of the last 25 years, we could've at least actually invested it in ourselves.
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Today's Featured Article - New Hitches For Your Old Tractor - by Chris Pratt. For this article, we are going to make the irrational and unlikely assumption that you purchased an older tractor that is in tip top shape and needs no immediate repairs other than an oil change and a good bath. To the newcomer planning to restore the machine, this means you have everything you need for the moment (something to sit in the shop and just look at for awhile while you read the books). To the newcomer that wants to get out and use the machine for field work, you may have already hit a major roadblock. That is the dreaded "proprietary hitch". With the exception of the
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