Comments for Stuck In Stowe http://stuckinstowe.com The effluences from Kevin's brain Fri, 03 Sep 2010 18:07:54 -0400 http://wordpress.org/?v=2.9.2 hourly 1 Comment on How to opt out of social security by Troll http://stuckinstowe.com/?p=327&cpage=1#comment-3181 Troll Fri, 03 Sep 2010 18:07:54 +0000 http://stuckinstowe.com/?p=327#comment-3181 We say a pension plan is going insolvent when we see their assets running out in the near future. However, we usually don't project out further than 10 years because there are too many factors to consider and it would be pretty worthless. We say a pension plan is going insolvent when we see their assets running out in the near future. However, we usually don’t project out further than 10 years because there are too many factors to consider and it would be pretty worthless.

]]> Comment on How to opt out of social security by Troll http://stuckinstowe.com/?p=327&cpage=1#comment-3180 Troll Fri, 03 Sep 2010 18:05:29 +0000 http://stuckinstowe.com/?p=327#comment-3180 I think it\'s when they can\'t pay off their current debt. The government doesn\'t play by the same rules as private companies because the government can potentially fulfill their debts through taxes. I think it\’s when they can\’t pay off their current debt. The government doesn\’t play by the same rules as private companies because the government can potentially fulfill their debts through taxes.

]]> Comment on How to opt out of social security by Troll http://stuckinstowe.com/?p=327&cpage=1#comment-3179 Troll Fri, 03 Sep 2010 18:04:53 +0000 http://stuckinstowe.com/?p=327#comment-3179 I think it's when they can't pay off their current debt. The government doesn't play by the same rules as private companies because the government can potentially fulfill their debts through taxes. I think it’s when they can’t pay off their current debt. The government doesn’t play by the same rules as private companies because the government can potentially fulfill their debts through taxes.

]]> Comment on How to opt out of social security by Kathryn http://stuckinstowe.com/?p=327&cpage=1#comment-3178 Kathryn Wed, 01 Sep 2010 13:55:27 +0000 http://stuckinstowe.com/?p=327#comment-3178 Question for someone who is familiar with accounting: Is an entity bankrupt (or insolvent) when they physically can not pay back the next penny of debt, or, when they know that there is no way that they will be able to pay back all of their debt at some point in the future? Question for someone who is familiar with accounting:
Is an entity bankrupt (or insolvent) when they physically can not pay back the next penny of debt, or, when they know that there is no way that they will be able to pay back all of their debt at some point in the future?

]]> Comment on How to opt out of social security by a dale http://stuckinstowe.com/?p=327&cpage=1#comment-3177 a dale Wed, 01 Sep 2010 13:50:54 +0000 http://stuckinstowe.com/?p=327#comment-3177 why doesn't ian wyatt pay you in cattle? why doesn’t ian wyatt pay you in cattle?

]]> Comment on How to opt out of social security by Kevin M. McElroy http://stuckinstowe.com/?p=327&cpage=1#comment-3174 Kevin M. McElroy Tue, 31 Aug 2010 18:26:59 +0000 http://stuckinstowe.com/?p=327#comment-3174 I know I pretended as such in this post, but there's really no point in pretending that the money I pay in has any connection to the money that gets paid out. Most, if not all of the funds have been shifted to the Treasury's balance sheet. It's just a roundabout way of letting the federal government tap into these funds to pay for other crap. At best, it's an untenable ponzi scheme. At worst, it's going to bankrupt this country, and destroy millions of lives. WHEN (not if) this program folds, it will have already been used as an excuse to raid the dollar for every penny of its worth, and then they'll stop. So it won't just be the poor people who get the bone. It will be anyone who holds dollars. A currency crisis sinks all ships. Don't invest in anything that can be "created" with a printing press. Buy real assets. Protect your wealth from politicians by putting it into useful, durable commodities that you can trade for other useful things. It doesn't have to be gold or silver! It could be cattle, or rice, oil, corn, soybeans, copper, coal, etc. etc. I know I pretended as such in this post, but there’s really no point in pretending that the money I pay in has any connection to the money that gets paid out.

Most, if not all of the funds have been shifted to the Treasury’s balance sheet. It’s just a roundabout way of letting the federal government tap into these funds to pay for other crap. At best, it’s an untenable ponzi scheme. At worst, it’s going to bankrupt this country, and destroy millions of lives. WHEN (not if) this program folds, it will have already been used as an excuse to raid the dollar for every penny of its worth, and then they’ll stop. So it won’t just be the poor people who get the bone. It will be anyone who holds dollars. A currency crisis sinks all ships.

Don’t invest in anything that can be “created” with a printing press. Buy real assets. Protect your wealth from politicians by putting it into useful, durable commodities that you can trade for other useful things. It doesn’t have to be gold or silver! It could be cattle, or rice, oil, corn, soybeans, copper, coal, etc. etc.

]]> Comment on How to opt out of social security by Troll http://stuckinstowe.com/?p=327&cpage=1#comment-3173 Troll Tue, 31 Aug 2010 18:00:38 +0000 http://stuckinstowe.com/?p=327#comment-3173 It's pay as you go. So if everyone opted out now, people who are retired would stop getting their benefits. The issue is the promise the government has made. I'm sure that many people in our generation and probably even our parent's generation are not counting on social security paying for their retirement. However, there are also some people that do take social security into their retirement planning. In fact, when we do certain pension calculations, sometimes we include social security in the calculation. It really should just be slowly stopped and or completely redesigned. I think certain parts should be kept (like disability programs and death benefits) but the way it is currently is extremely irresponsible. It’s pay as you go. So if everyone opted out now, people who are retired would stop getting their benefits. The issue is the promise the government has made. I’m sure that many people in our generation and probably even our parent’s generation are not counting on social security paying for their retirement. However, there are also some people that do take social security into their retirement planning. In fact, when we do certain pension calculations, sometimes we include social security in the calculation.

It really should just be slowly stopped and or completely redesigned. I think certain parts should be kept (like disability programs and death benefits) but the way it is currently is extremely irresponsible.

]]> Comment on Lauren and F-Brian Get Picarded by Troll http://stuckinstowe.com/?p=321&cpage=1#comment-3086 Troll Fri, 16 Jul 2010 20:39:00 +0000 http://stuckinstowe.com/?p=321#comment-3086 new blog entry please new blog entry please

]]> Comment on Lauren and F-Brian Get Picarded by Troll http://stuckinstowe.com/?p=321&cpage=1#comment-2897 Troll Thu, 27 May 2010 15:18:44 +0000 http://stuckinstowe.com/?p=321#comment-2897 I loved that mole article! I loved that mole article!

]]> Comment on Lauren and F-Brian Get Picarded by Troll http://stuckinstowe.com/?p=321&cpage=1#comment-2896 Troll Thu, 27 May 2010 14:20:31 +0000 http://stuckinstowe.com/?p=321#comment-2896 write an article about data (Brent Spiner) write an article about data (Brent Spiner)

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