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More Social Security Spin From Obama

Discussion in 'Political Debate & Discussion' started by Revmitchell, Oct 2, 2008.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    Obama-Biden ad misrepresents the Social Security plan McCain supported. Again.
    Summary
    An Obama-Biden TV ad once again twists McCain's position on Social Security.

    * It claims he backed a "plan to risk your Social Security in the stock market." In fact, the plan McCain endorsed in 2005 would have been voluntary, and workers could have put only one-third of their Social Security pension fund taxes into private accounts.

    * The new ad also asks viewers to imagine "your future retirement benefits" invested in Lehman Brothers, AIG or Merrill Lynch, three firms that collapsed recently. In fact, the accounts in the plan McCain backed could not have invested in any of those stocks directly. They would have been allowed to invest only in a few government-run stock or bond funds with risks spread over many companies and industries..

    More Here
     
    #1 Revmitchell, Oct 2, 2008
  2. JustChristian

    JustChristian New Member

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    Investing Soc. Sec. money the stock market is a SCAM irregardless. The person doing so is not "investing" their own money. Why can't you understand that? They're stealing benefits from those who are retired.
     
    #2 JustChristian, Oct 2, 2008
  3. Revmitchell

    Revmitchell Well-Known Member
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    Now. Can you get back to the op?
     
    #3 Revmitchell, Oct 2, 2008
  4. Andy T.

    Andy T. Active Member

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    I guess when you view someone's pre-tax income as not really their own, but someone else's, then the twisted liberal worldview makes sense. If there is any "stealing" going on, it's the tax system that takes from one and gives to another. I don't begrudge current retirees, though, because their income was stolen from, too. But if their benefits suddenly vanish, they haven't been "stolen" from. What nonsense. The S.S. system is a ponzi scheme and the current beneficiaries are reaping the benefits of money taken from the current payers. Someday, someone's gonna get the shaft, though, because they will have paid and paid and paid into the ponzi scheme, but will get nothing in return. But they can't say they were stolen from, unless you count the taxes they paid earlier.
     
    #4 Andy T., Oct 2, 2008
  5. billwald

    billwald New Member

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    Half of all Americans are to stupid to invest for retirement - the half that carries forward credit card debt every month. They are to stupid.
     
    #5 billwald, Oct 3, 2008
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