Social security (or lack thereof)....

[Rich Z]

You know, I'm under a year away from being able to collect my Florida state retirement benefits, and about 4 years away from being able to collect my federal ss benefits. But with all the fiscal doom and gloom on the state and federal levels, it's got me wondering if that will actually happen. Either those benefits are going to be dissolved outright, or the age where they can be collected will suddenly rise to 99 years of age.

So who is going to bail out the USA when it goes belly up? Surely the rest of the world would consider the USA as being "too big to fail" now wouldn't it?

Speaking of which, I was just reading an article where the USA is bailing out Mexico in relation to the drug war down there getting ready to topple the government. The reasoning is that Mexico is too close to the USA, and the country failing would be disastrous for our country because of that close proximity.

Now just where in sam hill is the USA getting all the money to be bailing out everyone and their brother? With jobs folding up right and left, that means federal income taxes are taking a nose dive. Or haven't they figured that out yet by just adding 2 and 2 together?