Where would you want them to put the money instead of government IOUs? The stock market, corporate bonds, or maybe the CBOT? Maybe they could have bought a lot of CDs at Chase or Bank of America. I don't know where the government could put that much money without a lot of risk.
My Grandfather was farming when farmers were included in SS. He paid in 5 quarters and then retired, sold the farm and moved to town. He was in his mid seventies and his youngest daughter was not yet in HS. Granddad and then Grandma collected SS for over 40 years on that 5 quarters of paying SS taxes. That is also part of SS's problems.
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Today's Featured Article - Tractor Hydraulics - The Basics - by Curtis Von Fange. Hydraulics was one of the greatest inventions for helping man compound the work he can do. It’s amazing how a little floor jack can lift tons and tons of weight with just the flick of a handle. What’s even more amazing is that all the principals of hydraulic theory can be wrapped up in such a small package. This same package applies to any hydraulic system from the largest bulldozer to the oldest and smallest tractor. This short series will take a look at the basic layout of a simple hydraul
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