On 4 Feb 2005 10:01:17 -0800, "basskisser" wrote:


P.Fritz wrote:
"Dave Hall" wrote in message
...
On Thu, 03 Feb 2005 21:10:34 -0500, JohnH
wrote:

On Thu, 03 Feb 2005 23:57:58 GMT, "Jim,"
wrote:


http://www.tompaine.com/articles/les..._president.php

extract

Calling for "courage and honesty," Mr. Bush delivered a State of
the
Union address notably lacking in both. The speech covered the
normal
bedsheet of issues, but its core was the president's plans on
Social
Security. Bush and his political guru Karl Rove believe that they
have
a chance to consolidate the power of the right wing for a
generation-and
they are pushing to privatize Social Security.

How is allowing the *voluntary* placing of at most *4%* of your
social
security deduction into an index fund, such as those in the Thrift
Savings Program, the 'privatizing' of social security?


Really. Most people (at least those who plan their retirement)
already
have 401K or IRA accounts. This would be very similar in concept.
Why
would anyone be against the chance to earn more money than what the
current social security plan would provide?

Because the big guvmint liebral would lose control over it.

Kind of like these conservative BushCo lies?....

Bush Lies In State Of The Union Speech

Bush: "By the year 2042, the entire [social security] system would be
exhausted and bankrupt."

In what the BBC calls "highly unusual," a State of the Union Speech was
interrupted by a chorus of "No's," booing, and heckles from some of the
members of Congress in attendance. This happened immediately after the
above Bush lie. As Shields mentioned on the PBS wrap-up, and as Brooks
concurred, if adjustments are not made, by 2042, as they have been made
before, 3/4 of the funds promised would still be available. The entire
system would neither be exhausted nor bankrupt. -- Politex, 02.03.05

Well, it's for sure the BBC knows exactly what the faults are for a
changed US social security system, especially when the USA doesn't
even know what the changes will be yet.

John H

On the 'PocoLoco' out of Deale, MD,
on the beautiful Chesapeake Bay!

"Divide each difficulty into as many parts as is feasible and necessary to resolve it."
Rene Descartes