On Fri, 18 Mar 2005 08:53:47 -0500, DSK wrote:

Dave Hall wrote:
You know that, I know that, and most politically savvy people know
that. But before we can enlighten the hopelessly indoctrinated
liberals (and those who claim to be conservatives), to see this, we
have to first defuse the idea that Bush's private account proposal is
not much different than the current 401K plan that most people already
have.

Bush's private account proposal is nothing less than a very cynical
attempt to manipulate the system and steer large amounts of wealth into
the pockets of his supporters.

Please explain how this happens?

Whether or not it benefits anybody else
is immaterial as far as they're concerned.

And you talk about cynical?



Regarding the comparison of Bush's SS proposal to the 401K plans.... if
the goal was to increase people's ownership of their retirement (as is
claimed) then the same thing could be accomplished by increasing the
allowed 401K deduction and lowering SS taxes. Very simple, but it
doesn't steer that money into the "right" pockets.

That's pretty much the plan. Where do you get the notion that some
mythical phantom people will be skimming the personal accounts of the
holders? That's pure scare tactic propaganda directly from the DNC.




Dave Hall wrote:
Liberals have to demonize this plan to put people in charge of their
own retirement planning by spinning it as a windfall for
wall-streeters, simply because investment firms usually manage such
plans. The fee for managing a 401K is usually much less than interest
earned, so you're still ahead of the game.


Does that change the *fact* that the Wall St'rs involved are now getting
a gov't mandated profit from Social Security dollars, which will have to
be replaced by further gov't spending?

Post your "facts". What "wall streeters" are involved (considering
that the plan is not even law yet)? How are they involved? Is a
reasonable plan administration fee not appropriate in a managed equity
private account? Would not that fee be deducted from earned interest
resulting in no additional outlay from the government?

That's the way my 401K works.


Does "liberal demonization" of Bush's SS proposal change the *fact* that
the Bush-Cheney team have lied about his plan and it's impact?

Who said they lied? In what way?

If it's so great, why can't they tell the truth?

That you think that they are not being truthful is an example of the
liberal demonization at work.

Prove that they aren't.

Dave