|
|
Joined: Jul 2000
Posts: 443
CEG\'er
|
CEG\'er
Joined: Jul 2000
Posts: 443 |
Originally posted by brapple:
it is known that social security is going to be privatized now, this means we have to deal with a corporation to get our social security when we turn 60, now with this we are not going get near the amount that previous generations have had
Really? Have you ever actually sat down and done the math on the pitiful rate of return that the current soc-sec system gives for the 15% that is contributed from your paycheck over 30+ years of working? If you knew anything about business finance you'd be jumping for joy over the opportunity to not have the government bureaucracy rob your money from you to pay for CURRENT retirees, which the system was NEVER originally designed for. The monies were originally supposed to be put aside in interest bearing accounts and it was illegal to borrow against the soc-sec funds. New laws have since allowed multiple administrations (both dems and reps) to rob the soc-sec systems funds because our noble gov't representatives just can't keep their paws off of money that is just sitting there "for no good reason" when there are SO many social problems in the U.S. that "need" to be solved. If the trust hadn't been robbed repeatedly over time, it would not be in the venerable position it is today. This is proof that any gov't institution is not the place to trust our monies.
Do corporations own 401k, 403b, Keogh plans? No. YOU do. They host them yes, but YOU OWN THEM. They cannot touch that money for any reason, all they do is money transfers from your paycheck to such accounts.
The idea that gov't ownership trumps individual ownership really escapes me. Why do you believe that a gov't run soc-sec system is better than individual ownership? Look at Chile's soc-sec program, which is really what Bush is modeling after, it's one of the most successful implementations of forced retirement on the planet, and it's entirely individually owned and operated, the only thing the gov't does is force each person to save 7% of their income that they manage (with limits via a framework).
Quote:
so we will have to work more to get the same amount or just live poorer then we could have to retain the same amounts of social security
Nice statement, not true, but you can believe what you want. Let's give a little example here. Every year I contribute about 5k into the soc-sec system. This is matched by my employer, so another 5k. So, every year, 10k is invested into soc-sec on my behalf. If I were to take that same 10k per year, and throw it into interest bearing or investment accounts at 8% per year over 30 years, it would (833/month compounded monthly over 30 years), yields 1,250,000 dollars. Most banks will yield at LEAST 5% on a sum of money like that, so I could withdraw, without touching the principle amount, 62,500 per year of revenue, or over 5k per month of retirement monies. Soc-sec in future dollars will pay me about 2500 per month in comparison according to the many financial calculators on the internet.
This is because the current soc-sec system is robbing Peter to pay Paul, i.e. because of gov't corruption, my monies are paying for current retirees, not earning interest in trusts that gov't reps can't get to. Individual ownership of accounts is where it's at, no question in my mind. Yes, we will have to design a cutover of some kind, to continue to pay those people on the existing system, but I believe that we need a serious change to the existing soc-sec system, and Bush is taking the right steps in this regard.
Last edited by cjbaldw; 11/03/04 03:38 PM.
|
|
|
|
|
Joined: Jun 2001
Posts: 682
Veteran CEG\'er
|
|
OP
Veteran CEG\'er
Joined: Jun 2001
Posts: 682 |
Originally posted by RTStabler51:
......do you have any friends or family that like you? Since Indiana hasn't gone democrapic since LBJ....
Yes.
Don't forget that 40% of Indiana still voted along with me.
98.5 Contour SVT
"Too many OB/GYNs aren't able to practice their love with women all across this country"
--US President George W Bush
|
|
|
|
|
Joined: May 2002
Posts: 21,653
I have no life
|
|
I have no life
Joined: May 2002
Posts: 21,653 |
Originally posted by daenku32:
Ok. So Bush "won" and GOP retained their majority in Congress.
Now that there is nothing to keep Bush from instituting the death camps, where should I register to be worked to death?
So what exactly has been SO bad about the past 4 years that would make you post something like that? 
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15
|
|
|
|
|
Joined: Nov 2000
Posts: 10,015
Hard-core CEG'er
|
|
Hard-core CEG'er
Joined: Nov 2000
Posts: 10,015 |
 cjbaldw
He speaks the truth. I wish some of you blind-ass Liberals would understand that.
Take GM for example. For every one person working the line, there are three, retirees, from GM. Back in the day, GM (and the rest of the Big 3, for example) to did not plan enough for their retired wprkers pensions, and hence $3K off every GM car bought goes STRAIGHT to pay the now retired. On top of that, we pay social security which yes, goes to those on the pension RIGHT NOW, the unemployed, and those single mums with 3 baby-daddy's a piece. Hence why they say to everyone - "YOU BETTER GET YOURSELF A 401K!", because the money you pay now to SS is going to be a distant memory come your retirement!
Wake-up!
2000 SVT Turbo 295hp/269ftlb@12psi
#1 for Bendix Brakes Kits!
Knuckles rebuilt w/new bearings $55
AUSSIE ENDLINKS $70
Gutted pre-cats $80/set
A lack of planning on your part does not constitute an emergency on mine!
|
|
|
|
|
Joined: Oct 2000
Posts: 4,149
Hard-core CEG'er
|
|
Hard-core CEG'er
Joined: Oct 2000
Posts: 4,149 |
Thank you cjbaldw! Liberals like to think they can invest your money better than you, BS. I *know* I can make a better return on my SS dollars than the government bureaucracy can; and quite frankly anyone that thinks they can't have been brainwashed by those that like to make this a great society of dependents. Originally posted by John Kerry, Third Presidential Debate:
KERRY: You just heard the president say that young people ought to be able to take money out of Social Security and put it in their own accounts.
Now, my fellow Americans, that's an invitation to disaster.
Excuse me sir, but F-you and your presumption that I can't properly and prudently invest MY (MY!!!!) money. Dang, that comment infuriates me just thinking about it. 
-- 1999 SVT #220 --
In retrospect, it was all downhill from here. RIP, CEG.
|
|
|
|
|
Joined: Jun 2001
Posts: 682
Veteran CEG\'er
|
|
OP
Veteran CEG\'er
Joined: Jun 2001
Posts: 682 |
Originally posted by Kremithefrog:
Originally posted by daenku32:
Ok. So Bush "won" and GOP retained their majority in Congress.
Now that there is nothing to keep Bush from instituting the death camps, where should I register to be worked to death?
So what exactly has been SO bad about the past 4 years that would make you post something like that?
We could start with Republican's attempts to limit the power or scope of courts. Meaning removing the ability of minority population to guarantee and protect their rights.
Then there is books from the 'brownshirts' like Coulter, Hannity and Savage.
Their book titles speak for themselves:
"Deliver Us from Evil: Defeating Terrorism, Despotism, and Liberalism" = Comparing liberalism with terrorists and despots.
"The Enemy Within: Saving America from the Liberal Assault on Our Schools, Faith, and Military" = Same as above.
"Off with Their Heads : Traitors, Crooks & Obstructionists in American Politics, Media & Business" = Deathcamps anyone??
"Treason: Liberal Treachery from the Cold War to the War on Terrorism" = Blatantly comparing liberals of this country (which is close to 50% of the population) to Soviets
Honestly, why wouldn't I expect to be sent to death camps when I am being compared to sadistic mass murderers and any criticism of Bush is considered treason?
98.5 Contour SVT
"Too many OB/GYNs aren't able to practice their love with women all across this country"
--US President George W Bush
|
|
|
|
|
Joined: May 2002
Posts: 21,653
I have no life
|
|
I have no life
Joined: May 2002
Posts: 21,653 |
You can focus on things like that. I could do the same for Democrats. I choose not to just look at a few things or just bad things. I also choose to look at stuff that actually is affecting me, not just a book or something. What I meant is what happened to you that would make you say that? Did Bush come into your house and take your money and beat you? I wouldn't expect any republican to make a post like that if Kerry had won. Bush made this country a lot stronger and we're in no way headed for death camps or whatever. Open your eyes.
98.5 SVT
91 Escort GT (almost sold)
96 ATX Zetec (i brake to watch you swerve)
FS: SVT rear sway bar
WTB: Very cheap beater
CEG Dragon Run - October 13-15
|
|
|
|
|
Joined: Apr 2001
Posts: 1,228
Hard-core CEG\'er
|
|
Hard-core CEG\'er
Joined: Apr 2001
Posts: 1,228 |
I could as easily point you to more sources comparing Bush to Satan. What is your point?
95 Contour SE ATX V6- SOLD
2001.5 VW Passat GLX V6 Tiptronic
2004 Honda VTX 1800N1
There are no stupid questions.
There are a LOT of inquisitive idiots.
|
|
|
|
|
Joined: Feb 2001
Posts: 772
Veteran CEG\'er
|
|
Veteran CEG\'er
Joined: Feb 2001
Posts: 772 |
And now Daenku32 registers his disapproval of the Fisrt Admendment...
BTW, the CONSTITUTION limits the "power and scope" of the courts. Some people just think we should get back to doing what it says.
former owner, 95 SE MTX
02 Ford Explorer
|
|
|
|
|
Joined: Jun 2001
Posts: 682
Veteran CEG\'er
|
|
OP
Veteran CEG\'er
Joined: Jun 2001
Posts: 682 |
The liberal lunatics don't sell their books by the millions. They have a MUCH smaller following.
And the ones that do sell millions don't do it by calling an entire political spectrum 'evil' and insisting that they desire the intentional destruction of the nation.
98.5 Contour SVT
"Too many OB/GYNs aren't able to practice their love with women all across this country"
--US President George W Bush
|
|
|
|
|
