Originally Posted by
JohnnyIrishXM
John.those next 20 years of economic success were based on Deficit expansion,not trickle down,Remember junk bond scandal,S&L scandal to name a few..in the 80's that happened and the 90's was Enron and others.the 2000's was sub prime and CDS's and high leveraged risk taking with Deficit exploding....
As for SS,yes your right about life expectancy getting longer,but the surplus was borrowed with IOU's and spent on 4 wars,WW11,Korean,Vietnam and This war...We can even give IOU's anymore,that is how bad it is..it was alweays seperate from the Budget until first Reagan merged it a little andf Bush 1 made it official to cover up the real deficit..
Now it is a real Ponzi scheme,when before it wasn't...