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On Fri, 11 Jun 2010 18:23:42 -0600, Canuck57
wrote:

Actually, stuff like SS was wel funded. But skimed by the
government.
And often invested in losers because of politics. If all the 30+
years
a working types has SS (employer and employee) in their 401k they
would
retire early.

The problem is the government has no vehicle to actually save
money
since we got off the gold standard. SS was always pay as you go
and
the trust fund was just a scam to collect more taxes for other
things.
mostly wars. Originally it was WWII (lend lease)when the trust
fund
was established (1939-40) and it was put on budget to hide the
cost of
the Vietnam war (1968-69).

The concept of 401ks is flawed too looking forward because 83
million
boomers pulling their money out of the stock market and spending
it
will crash the market.

The real problem is you can't have a third of the adult population
living off the work of the other two thirds without a revolt.

The gov't doesn't need to "save" money as much as it needs to have
money available. The gold standard was highly flawed and died an
appropriate death.

Boomers will not be pulling money out en masse. In fact, some of
the boomer generation has already hit retirement age. It's a spread
of about 15 years... something like that. Most with substantial
401K-like savings will likely pull it out in drips and drabs. Only
someone foolish would pull it out at once, esp. given the tax
consequences.


Obie's lickin his chops waiting to get at our 401k money. If we
don't start spending it he'll find another way to grab it. Rest
assured on that, little lady.


You're stupid. Bush was the one who wanted to privatize social
security. Thank GOD that didn't go through. He's the one who went on
a spending and tax give-away for 7 years.


You sound like Obie. Blame everything on the "previous
administration". Obie doesn't have the balls to say W's name.
Got any job prospects Emily?


Yeah, Bush was so wonderful... just about ruined the economy, the
environment, a war for no reason. What a great guy!

The name is Em, not Emily.

No. No job prospects. I own my own company. How about your job
prospects? Sorry, we're not hiring.


Who's we. You and your cat?
I doubt if you two are much competition for the Salvation Army or the
Red Cross in the used clothing marketplace.
BTW: Decent people donate their used clothing to charity.

Where do you get your merchandise? I hope you don't dumpster dive for
it.

Sounds like you're trying to beat her down on her prices.
Just tell her what you need and I'm sure she'll do something for you.

He couldn't afford what I sell. I sell high-end used clothing.
Occasionally we get a throw-away.. damage that wasn't noticed. I'd be
happy to send those to him... they are, after all, mostly clothes for
women.


Well, that would suit him just fine. Better than the Salvation Army stuff
he usually scavanges.