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(OT) Shock Jock President
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? Now you're sounding like Pelosi or Reid. 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 |
#2
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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? I know I want more control over where my money goes. Dave |
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"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. I know I want more control over where my money goes. Dave |
#4
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"P.Fritz" wrote in message ... "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. I know I want more control over where my money goes. Dave In 1981 Chile privatized their Social Security system. Those investing on their own have realized over an average rate of return of 12% since 1981. http://www.ncpa.org/pi/congress/socsec/july97a.html BTW, do you know who said this: =================================== In 1960, there were 5.1 Americans working for every one person drawing Social Security. In 1997, there's still 3.3 people working for every one person drawing Social Security. In 2030, the year after the Social Security trust fund supposedly will go broke unless we change something, at present projected retirement rates -- that is, the presently projected retirement age and same rates -- there will be two people working for every one person drawing Social Security. And if nothing is done by 2029, there will be a deficit in the Social Security trust fund, which will either require -- if you just wait until then -- a huge tax increase in the payroll tax, or just about a 25 percent cut in Social Security benefits. And I can tell you, I have had countless talks with baby boomers of all income groups and I haven't found a single person in my generation who is not absolutely determined to fix this in a way that does not unfairly burden your generation. But we have to start now. We have to join together and face the facts. We have to rise above partisanship, just the way we did when we forced the historic balanced budget agreement. ====================================== Bill Clinton, 1998 http://clinton4.nara.gov/WH/New/html...209-15022.html Time to stop the partisan politics and fix the problem. |
#5
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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 |
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