11/23/2010 Portland, Oregon – Pop in your mints
Today we awoke to the probability of sleet in Portland. Unlike cities who experience sleet on a periodic basis, Portland is, by choice, wholly and entirely without protection to this winter phenomenon. We say by selection since the environmental fortuitous that heavily influences, well, all around here takes offense to the must be expansion salt, chemicals, or elementary sand on the roads to make them endurable when sleet and ice hit. The effect is that the roads spin in to a dispersion derby of buses with bondage and SUVs who have never left cement let alone faced ice and sleet underneath their 16 in. wheels. Everything that may be behind (schools, supervision services, bake sales) is and the town as we know it rests.
The financial markets, however, will not rest so we must go on to explore, pry, expose, and endeavor to understand the incomprehensible. On we plod, by rain and snow. The markets currently uncover no denote of collapse. Could it be that they longed for the Irish receiving their bailout? No, it is correct there in the headlines. What about considerable banks being $150 BILLION partial of funds formed on the new mandate that a organisation of world improvers saw fit to place upon them in Basil, Switzerland not many moons ago? Not even flinching. Could it be that the markets are saying past these seismic events and see composed sailing ahead?
We know improved than that! Our theory is that Ben Bernanke and his “Plunge Protection Team” have their hands resolutely on the dials of our key indicators. How long until the passengers on the USS Dollar noticed that that they are headed for an result reduction similar to a Cruise ship in the Caribbean and more similar to the Titanic or the Perfect Storm? We offer as explanation that Gold and Silver go on to slave higher, indicating all may not be good on the high seas.
But since composed is the word of the day we will stop and refrain the investigation of the union markets is to time being. Instead, we wish to pass on an perception that came to us this sunrise whilst listening to the radio. This elementary perception is that Social Security, for all of the critique that it receives, is unequivocally a of the usually if not the usually supervision module that is self sustaining. But benefits will run out in 2037, you say? There is a outrageous variable demographic change that will swamp its capability to pay benefits, you may add, as the evidence mounts in preference of reforming or privatizing amicable security.
But ponder the facts. Social Security has NO control to borrow. It is by mandate self funded. Now, in 2010, the curators are formulation to put together a a complaint that its actuaries have pegged to happen in 2037. What a primitive e.g. of foresight! Fellow taxpayer, do you have your affairs to be able to know how long it will be before you catch a shortfall? The Social Security curators at this indicate have their complaint pegged 27 years out. Needless to say that is lots of time to conflict and do something about it. Our hats are off to the Trustees. Their greatest problem, it seems, is how to keep the rest of the US government’s operations from raiding their coffers!
The fact that Social Security is infallibly managed and saved does help it to prevent ideological criticism, however. There is a outspoken fortuitous that believes that Social Security or any desert has no place in a pure Capitalist system. It is similar to hitching a tractor trailer of entitlements to an manage to buy that more resembles a sports automobile than a van improved matched to lift it. Does that meant that the sports automobile cannot pierce with the trailer attached? The answer, of course, depends upon how ample you bucket the trailer up with entitlements and other deceased weight. All additional bruise will adversely start the capability of the sports automobile to scheme and eventually, if sufficient weight is added, the automobile will stop relocating completely.
From a quite Capitalist indicate of view, Social Security’s excess should be in the hands of prolific adults and not appropriation inactive hands nor the rest of the Federal Government’s left-handed attempts at handling inner or outmost affairs. Or as we can now, is to time being, impute to it as, “touching everyone’s junk.” From the indicate of perspective of a “civil” marketplace society, having a publicly saved amicable welfare program/retirement outline is a no-brainer.
But we will not pass judgment, rather, we leave you with the picture of the drivers of the sports car, the entrepreneurs, increasingly undone as the sports car’s clasp starts to trip and its engine revs to 7000 RPMs perplexing to lift the ever stepping up weight of supervision entitlements to draw your own conclusions.
Tags: Social welfare