Comments on: Ruth Marcus Dismantles Paul Krugman http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/ Summum nec metuas diem, nec optes - Marcus Valerius Martialis Tue, 02 Aug 2011 22:27:18 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Al in St. Lou http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/comment-page-1/#comment-71429 Al in St. Lou Wed, 21 Nov 2007 22:55:21 +0000 http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/#comment-71429 upyernoz, Those were two of the most vacuous things I've ever read. upyernoz,

Those were two of the most vacuous things I’ve ever read.

]]> By: Ruth Marcus Confronts Krugman with the Most Fierce Enemy Possible « The Van Der Galiën Gazette http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/comment-page-1/#comment-71420 Ruth Marcus Confronts Krugman with the Most Fierce Enemy Possible « The Van Der Galiën Gazette Wed, 21 Nov 2007 18:53:41 +0000 http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/#comment-71420 [...] Morrissey has a great analysis up at Heading Right, Gaius has some useful comments as [...] [...] Morrissey has a great analysis up at Heading Right, Gaius has some useful comments as [...]

]]> By: upyernoz http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/comment-page-1/#comment-71419 upyernoz Wed, 21 Nov 2007 18:00:54 +0000 http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/#comment-71419 maybe you should consider the fact that <a href="http://economistsview.typepad.com/economistsview/2007/11/ruth-marcus-tri.html" rel="nofollow">marcus got it wrong</a>, or maybe read <a href="http://krugman.blogs.nytimes.com/2007/11/21/they-hate-me-they-really-hate-me/" rel="nofollow">krugman's response</a> before claim that his position was "dismantled." i'm just saying. maybe you should consider the fact that marcus got it wrong, or maybe read krugman’s response before claim that his position was “dismantled.”

i’m just saying.

]]> By: martian http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/comment-page-1/#comment-71395 martian Wed, 21 Nov 2007 14:29:11 +0000 http://bluecrabboulevard.com/2007/11/21/ruth-marcus-dismantles-paul-krugman/#comment-71395 Social Security was badly designed from its very inception. It is nothing more than a giant pyramid scheme where the new investors (people entering the system as new entries to the work force) pay for the retirement benefits of earlier investors (those who have paid into the system their whole lives thus, effectively, paying the retirement benefits of those who came before them). It never took any kind of population boom (read baby boomers) into account where there would eventually be more people receiving benefits than there are still in the work force to pay those benefits. Add to that the miracles of modern medicine where people survive years, in many cases decades, longer than they were expected to when the system was designed, thus creating a much longer duration drain on the assets of the system, and you have a perfect recipe for financial disaster. Any private citizen that was caught running a scam like this would be doing time in a penitentiary somewhere for fraud. Any thinking person who atually looks at the way the system was designed can tell you it's a fiscal disaster waiting to happen. Worse, years ago our law makers voted themselves out of the system and created a sweetheart retirement package for themselves. So they have no real incentive to fix the obvious problems. For years people on both sides of the aisle have played politics alternately accusing each other of "endangering" the retirement of all Americans while all are guilty of ignoring the obvious flaws in the system. And there is no real end in sight. This issue is like the Energizer Bunny - it just keeps going and going and going.......... Social Security was badly designed from its very inception. It is nothing more than a giant pyramid scheme where the new investors (people entering the system as new entries to the work force) pay for the retirement benefits of earlier investors (those who have paid into the system their whole lives thus, effectively, paying the retirement benefits of those who came before them). It never took any kind of population boom (read baby boomers) into account where there would eventually be more people receiving benefits than there are still in the work force to pay those benefits. Add to that the miracles of modern medicine where people survive years, in many cases decades, longer than they were expected to when the system was designed, thus creating a much longer duration drain on the assets of the system, and you have a perfect recipe for financial disaster. Any private citizen that was caught running a scam like this would be doing time in a penitentiary somewhere for fraud.

Any thinking person who atually looks at the way the system was designed can tell you it’s a fiscal disaster waiting to happen. Worse, years ago our law makers voted themselves out of the system and created a sweetheart retirement package for themselves. So they have no real incentive to fix the obvious problems. For years people on both sides of the aisle have played politics alternately accusing each other of “endangering” the retirement of all Americans while all are guilty of ignoring the obvious flaws in the system. And there is no real end in sight. This issue is like the Energizer Bunny – it just keeps going and going and going……….

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