Thread: Regan
View Single Post
  #40   Report Post  
Dave Hall
 
Posts: n/a
Default

On Fri, 11 Mar 2005 14:27:13 -0500, DSK wrote:

How about what other countries have to say? If you follow any foreign
news sources at all... really easy nowadays... you can get first hand
reports about the impact of Bush/Cheney foreign policies.



Dave Hall wrote:
Who cares what they say?


People who want to be well informed with actual facts, that's who.


You have a problem differentiating true "facts" from other opinions.


Social Security? Why? If they wanted a *conservative* approach to SS
reform, they'd reduce taxes and then reduce SS benefits to be fully
supportable by future taxes. If they want to encourage people saving for
their own future (a laudable goal) they could reduce taxes for the
middle class and increase 401(k) deductible.



If you would bother to read Bush's plan, you would find that you've
described essentially what he wants to do.


Negative.

Bush's "plan" as revealed so far is to divert SS taxes into "private
accounts" which will be managed by favored Wall St'ers.


A 401K is a "private account" managed by an investment firm.

You are just hung up on the "Wall street kickback angle".

The facts are that money deposited into those private accounts will
have the potential to earn much more than they would in the current SS
system.

My 401K is living proof of that.

Dave