HOW UNIFORMED AND LAZY THINKERS, THINK – PART Three

Duh? Yeah banks make money lending and collecting interest – literally. But you can usually make extra payments, more frequent payments or perhaps pre-pay a portion of the loan. Or you could have checked the pre-payment penalties when taking the loan.

Invest that lottery money and move on.

“Literally“ has not made any money? How stupid can you be? I have an idea nobody can explain much to this person.

Here is what happens when misinformation and fear prevail. Social Security will exist and it will pay full accrued benefits.

2 comments

  1. Have some fun—pull out some uninformed lazy thinking from the many comments or articles from Quinn’s Commentary.
    I like the ones that try to convince us that inflation is high prices.
    Or forgiving a certain dollar amount of student loans is a stimulus to the economy.
    There is no pill for stupid therefore stupid statements, lazy thinking opinions will never end.

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  2. “Here is what happens when misinformation and fear prevail. Social Security will exist and it will pay full accrued benefits.”

    No, no, no! You have said “no” to this as well in prior posts.

    There is NO such thing as a Social Security “accrued benefit”. Social Security is an entitlement. And Congress can pass a law by a 2/3rds majority (veto-proof) and wipe it out tomorrow and stop all payments and all FICA taxes.

    What you should have said is that Social Security will continue to make payments, even once trust assets are fully exhausted … how much will be paid to any one retiree (today and tomorrow) is uncertain as are the taxes to be assessed on workers AND retirees.

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