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<p>[QUOTE="InfleXion, post: 1300251, member: 29012"]GS may be a private sector financier, but they become a burden on the public sector with TARP. Nevermind that they provided the toxic debt to Greece that helped them off the cliff. Other companies like AIG and GM are a problem for the US govt since they've been nationalized, and that's essentially been done with the TBTF banks, indebting future generations at the expense of propping up the derivatives market at all costs. </p><p><br /></p><p>Also, the US debt has been derived from a lot more than Soc Sec. There's the $trillion student loan debt and massive defense spending among numerous other things hold their share, but it's the compounding interest that makes the debt nearly impossible to get under control. I would have no problem giving up my social security benefits if it meant I didn't have to pay any more into it. It's a socialistic program, and reminds me of a quote I saw recently, something about being altruistic with other people's money.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1300251, member: 29012"]GS may be a private sector financier, but they become a burden on the public sector with TARP. Nevermind that they provided the toxic debt to Greece that helped them off the cliff. Other companies like AIG and GM are a problem for the US govt since they've been nationalized, and that's essentially been done with the TBTF banks, indebting future generations at the expense of propping up the derivatives market at all costs. Also, the US debt has been derived from a lot more than Soc Sec. There's the $trillion student loan debt and massive defense spending among numerous other things hold their share, but it's the compounding interest that makes the debt nearly impossible to get under control. I would have no problem giving up my social security benefits if it meant I didn't have to pay any more into it. It's a socialistic program, and reminds me of a quote I saw recently, something about being altruistic with other people's money.[/QUOTE]
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