Social Security Sell-Out

Discussion in 'Free-For-All Archives' started by poncho, Dec 18, 2004.

  1. poncho

    poncho
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    By Charles Cutter. December 17, 2004

    (www.cuttersway.com)

    SOURCE
     
  2. Plain Old Bill

    Plain Old Bill
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    You know it took SEVEN YEARS to get things working in Germany. Our guys were getting shot up there too AFTER the war.But our News media and the left are so much smarte then the rest of the world.You never see them step up to the plate.They whine and cry and complain about anybody who does'nt do things thier way.

    To date I have seen NO ONE in the news media come up with any kind of a plan about anything including social security. Thier plan is to complain ahead of time so they can say I told you so if things go wrong.

    Left wingers and news media, do'nt listen to em now and do'nt suippose I will start anytime soon.
     
  3. KenH

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    Let's see...more money to invest in stocks and bonds would most likely mean rising stock and bond prices.

    So who benefits? Anyone who invests in stocks and bonds...and that currently means about half of Americans.

    I say allow taxpayers an option to invest a portion of their taxes in the stock and bond markets. They can keep the status quo if they want to, also, and not join the rest of us.

    KenH
    Pro-Choice on Social Security Plans
     
  4. KenH

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    A new report from the Social Security Administration includes a "distributional" analysis, identifying the winners and losers under Sen. Lindsey Graham's reform plan. In general, low-income workers would fare better under reform than under the current benefit system -

    www.centristpolicynetwork.org/archives/000081.html
     
  5. The Galatian

    The Galatian
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    Until Bush can figure out a way to do this without borrowing even more money, it's a bad idea.
     
  6. KenH

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    Considering how massive the borrowing would have to be starting in 2018 if we don't reform Social Security, waiting is a bad idea.

    We can either borrow a lot of money in the near term to solve this problem or borrow an even more massively huge amount starting in 2018.

    Pick your poison - a lighter dose now or a much heavier dose later.

    And Medicare will go into deficit even sooner and as it stands now the borrowing for the current program would dwarf the amount of borrowing for Social Security.

    The bottom line is that there are no pain-free solutions for either of these programs.
     
  7. The Galatian

    The Galatian
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    If only it were that simple. When the boat is sinking, you don't put another hole in the hull to renovate the engine.

    First we need to clean up the mess, and then we can redecorate.
     
  8. Pastor Larry

    Pastor Larry
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    Sometimes you need to just let the boat sink ... fixing it is more costly than ditching it. Old boats are still old boats.

    Social security needs to be privatized. If someone wants to participate in the government program that is fine. I have no problem making participation in retirement programs mandatory. But it should not be the government program. Stipulate that 15% of income has to go towards retirement. An individual can put that in the government program or in his own program. Either way, it is tax deductible.
     

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