On Thu, 30 Jun 2005 14:27:38 -0400, "Jeff Rigby" wrote:


"NOYB" wrote in message
hlink.net...

"HarryKrause" wrote in message
...
NOYB wrote:
"HarryKrause" wrote in message
...


Fifty-three percent of Americans say they oppose a proposal that would
"allow workers to invest part of their Social Security taxes in the
stock market or in bonds, while the rest of those taxes would remain in
the Social Security system." Just 44% favor this. These results are
nearly identical to those measured in late April.



I wonder how these numbers compare to the percentages of people with at
least some money in the stock market or mutual funds?


I'm in favor of private accounts, and they'd be here already if Bush had
presented them properly. All that was needed was an expansion and
relaxation of IRA and 401k plans and contributions, funded by enabling a
dollar for dollar deduction off of income taxes due.

I agree. But we should get to keep some of the FICA that we currently pay
out if we're never going to get Social Security anyhow. That's all Bush
is proposing.

That will never happen. That plan would 1) take money out of the general
revenue 2) Only benifit the rich

The plan Bush proposed for the general public is what Congressional
employees are getting now. A poll should ask if they would like the same
plan government workers get. Most would vote for that plan. As soon as the
Bush plan is mentioned they say no because the Democrats are very good at
misleading their own.


You are almost totally correct. The public does not 'like' the plan because
they've been fed a bunch of crap by a bunch of 'progressives'.

The plan the government gets now is called the Thrift Savings Plan (TSP)
allows government employees to contribute, but the money is not reduced from
their FICA. If the employees are under the old Civil Service Retirement System
they don't pay FICA, but they can't draw Social Security. Under the Federal
Employees Retirement System, the new plan, they do pay in to Social Security.
But, they don't get a reduction in FICA for money paid to the TSP. On the other
hand, FERS employees get a matching contribution (like a 401K) up to some small
percent of their pay.
--
John H

"All decisions are the result of binary thinking."

John H wrote:
You are almost totally correct. The public does not 'like' the plan because
they've been fed a bunch of crap by a bunch of 'progressives'.


Really? You mean President Bush is now a 'progressive'? He seems to have
done by far the most talking about his plan, and he has certainly been
less than truthful (as I have already proved to the previous contestants).

And now for a treat (this one took me by surprise)-

The plan the government gets now is called the Thrift Savings Plan (TSP)
allows government employees to contribute, but the money is not reduced from
their FICA. If the employees are under the old Civil Service Retirement System
they don't pay FICA, but they can't draw Social Security. Under the Federal
Employees Retirement System, the new plan, they do pay in to Social Security.
But, they don't get a reduction in FICA for money paid to the TSP. On the other
hand, FERS employees get a matching contribution (like a 401K) up to some small
percent of their pay.

DING DING DING we have a winner! Excellent post, John H, thanks for your
clear & accurate explanation!

DSK

On Thu, 30 Jun 2005 17:59:08 -0400, DSK wrote:

John H wrote:
You are almost totally correct. The public does not 'like' the plan because
they've been fed a bunch of crap by a bunch of 'progressives'.


Really? You mean President Bush is now a 'progressive'? He seems to have
done by far the most talking about his plan, and he has certainly been
less than truthful (as I have already proved to the previous contestants).

And now for a treat (this one took me by surprise)-

The plan the government gets now is called the Thrift Savings Plan (TSP)
allows government employees to contribute, but the money is not reduced from
their FICA. If the employees are under the old Civil Service Retirement System
they don't pay FICA, but they can't draw Social Security. Under the Federal
Employees Retirement System, the new plan, they do pay in to Social Security.
But, they don't get a reduction in FICA for money paid to the TSP. On the other
hand, FERS employees get a matching contribution (like a 401K) up to some small
percent of their pay.

DING DING DING we have a winner! Excellent post, John H, thanks for your
clear & accurate explanation!

DSK

And I wasn't even being a wise ass.
--
John H

"All decisions are the result of binary thinking."

John H wrote:
And I wasn't even being a wise ass.

I wasn't either. Your explanation of the Thrift Savings Plan was
excellent... clearly worded & accurate. Well done.

Regards
Doug King