The Phaserl


Another Step Down the Long, Slow Road to IRA Nationalization

from Sovereign Man:

Let’s take a brief walk into financial reality for a moment. At the time of this writing, the United States government’s official debt is nearly $18.1 trillion. Now, let’s look at who the biggest owners of that debt are:

1) Taxpayers of the United States.

If you’ve held a job in the Land of the Free, 15.3% of your salary has gone to fund Social Security and Medicare. Each of these programs holds massive trust funds that are supposed to pay out beneficiaries, both present and future. Conveniently, the trust funds are required by law to buy US government debt.

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