Whose on board for personal retirement accounts?

[Abate]

And whose on board for bailing out all the idiots who have no knowledge or experience investing their own money? -Because that's whats going to happen.

Bush's genius-proof evangelical politics is really funny. What a classic move.. do anything you can to write yourself into the history books knowing full well you won't be around to deal with the mess your creating. Sort of the like the tax cuts and defecit spending... oops gas prices are sky high because the dollar ain't worth the paper its printed on anymore. It's only a matter of time before people start asking the right questions..

Sorry, couldn't resist.

[Sir Van Talvin]

Ehh....? Another thread about Social Security?

The idea of personal accounts is very attractive to me. Don't take this to mean that I blindly support the president's plan because I'm not fully informed on it, but something along those lines needs to be done.

Abate said:

And whose on board for bailing out all the idiots who have no knowledge or experience investing their own money? -Because that's whats going to happen.

Hey, no fair! Your crystal ball works better than mine ! Now I have to go and beg for my refund.

Seriously, man, why all the doom and gloom? How well-informed are you on the president's plan?

[ProgRocker]

Sir, Bush himself always says "there is no plan yet"

In principle, I'm all for private retirement accounts, but it's being sold in a very misleading way, which is why I won't actively support it. It's being sold as if it will solve our financial issues, i.e. we won't have as big a deficit if we privatize. This is a lie, because in order to privatize, we need to spend trillions of dollars.

Privatization will only solve VERY LONG TERM problems, but certainly not the problems Bush claims we will have in 2040 or so.

[Shark Black]

Beats the hell out those no good for nothing pissy whiny Democrats who wouldn't know a good idea if it hit upside their fat heads!

Tell me one thing that they have thought up that wasn't a republican issue first. They are Zero. And quite frankly it pisses me off. I wish they get off their bloated asses and be more than a brick frickin wall. They are pushing this country too far to the right because they are so inept. They have lost the center and it's sad. They don't even resemble Clinton's party any more. They just cater to a bunch of pie throwin' banner wavin nitwits.

It won't take a genius to beat the current return of their social security dollars. The acconts are optional and the accounts will probably be placed in ultra safe bond funds. Just about every government employee has a better deal than social security provides. And guess what if you die you still get the money. Or at least your heirs do. I'm not totally sure that this is the answer but it seems reasonable to me. I waitng to hear what plan the Democrats have....and waiting and waiting...worthless peices of crap.

And the reason gas prices are going up is because so many NGFNPWD's (see first line) won't allow us to drill for our own oil, or build new refineries.

The president has had his energy plan blocked by those NGFNPWD's (see first line) should be drillin the hell out of Alaska, We should be building refineries. We should have anticipated China's need for oil and it's impact on world supplies.

The dollar being low. Palease....
That's a good thing.

And why do you call Bushes politics evangelical. Tell me whatl about his social security plan or his energy plan, or his foreign policy for that matter has anything to do with his religion. It's not a fair statement to call his politics evangelical. But it is right in line with the NGFNPWD's philosophy of politics and governance.

They are obviously creating a generation of sarcastic naybobs.

Hey Buddy!! What's happening! I haven't had this much fun in ages!

LOL

Woo Hooo!!!

;D

[Sir Van Talvin]

Feel better?

[Shark Black]

Oh yeah LOL hehe

Now how do we get this country back to the middle where sanity reigns.

---

: Chroma Key: You Go Now

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[Fox]

Abate said:

do anything you can to write yourself into the history books knowing full well you won't be around to deal with the mess your creating.

What you mean like FDR and LBJ? Good God, I agree!

oops gas prices are sky high because the dollar ain't worth the paper its printed on anymore.

Um, actually gas prices are high because world demand is rising (particularly 3rd world countries), and of course there's that whole supply and demand thing, plus you can factor some of it to natural inflation (but that's not most of the reason.

The dollar is worth less because interest rates have been low, which increases inflation, which decreases the value of the dollar.

It's only a matter of time before people start asking the right questions..

We can only hope, as well as hope people actually give the proper answers instead of bad inferances.

Incidentally, besides the ethical issues (like the fact that it exists) the largest problem with social security is that in order for it to work Gen Y has to have more people than Gen X. The baby boomers screwed that up royally.

Quite frankly, SS is so bad right now, doing anything to it will not make matters worse.

[Sir Van Talvin]

Fox said:

What you mean like FDR and LBJ? Good God, I agree!

LOL at el-BJ! Yeah, OK, that's an old joke.

Fox said:

Um, actually gas prices are high because world demand is rising (particularly 3rd world countries), and of course there's that whole supply and demand thing, plus you can factor some of it to natural inflation (but that's not most of the reason.

Agreed!

Fox said:

....the largest problem with social security is that in order for it to work Gen Y has to have more people than Gen X. The baby boomers screwed that up royally.

LMAO! If the Baby Boomers really screwed royally then we should have plenty of Gen X-ers and Gen Y-ers running around, legitimate or otherwise. ;D

[Abate]

Fox.. there is a lot going on with gas prices right now. If you really think its your textbook supply vs demand issues then I'd better start opening my mouth more. Congrats on the wedding, btw.

Social security is supposed to be just that... security. If you support private accounts then you don't understand the purpose of the legislation to begin with. It's to guarantee support to those that have worked, not pump billions into the brokerage industry.

Social security could be fixed without private accounts. The fact that such a lobbyist based idiodic idea is holding up progress is absurd.

[Joe-×]

I am totally in favor of private personal retirement accounts.

I am totally opposed to government involvement in retirement accounts.

Joe

[Joe-×]

abate said:

It's only a matter of time before people start asking the right questions..

Most people are stupid. Those who aren't have already asked the questions to no avail.

Joe

[Joe-×]

progrocker said:

This is a lie, because in order to privatize, we need to spend trillions of dollars.

The Republican version of privatization means funneling money to special interests. Just like the Democrat one. True privitization has no costs. The government just says we quit and there's no need to waste another penny.

Joe

[Joe-×]

raiderblack said:

Tell me one thing that they have thought up that wasn't a republican issue first.

Communism. Socialism. Collectivism. The Welfare State. Should I keep going? The democrats thought up those things first. It just took the Republicans a couple of generations to co-opt them.

raiderblack said:

They just cater to a bunch of pie throwin' banner wavin nitwits.

The Republicans cater to a bunch of Bible banging flag waving nitwits. That doesn't strike me as an improvement.

raiderblack said:

Just about every government employee has a better deal than social security provides.

That's true. You should revolt. I pay nothing to social security. I pay 9% into retirement. It's all tax-deferred. It's all my money. After 30 years, I collect 66.67% of my average salary for the final 3 years. Sweet deal. Too bad you suckers don't get it.

raiderblack said:

And the reason gas prices are going up is because so many NGFNPWD's (see first line) won't allow us to drill for our own oil, or build new refineries.

That isn't the reason - just one of many.

raiderblack said:

The dollar being low. Palease....
That's a good thing..

I agree 100%. The lower the better. The low value of the dollar will cause the collapse of the US government - which isn't just a good thing - it's a great thing.

raiderblack said:

And why do you call Bushes politics evangelical. Tell me whatl about his social security plan or his energy plan, or his foreign policy for that matter has anything to do with his religion. It's not a fair statement to call his politics evangelical.

I agree completely. Nothing the man does gives glory to God. His foreign policy is Satanic. It violates the 5th commandment. (I'm Catholic so bear with my numbering) His domestic policy is little better - social security, energy, no child left behind - pick any of them - they all violate the 7th and 10th Commandments.

[Joe-×]

fox said:

Um, actually gas prices are high because world demand is rising (particularly 3rd world countries), and of course there's that whole supply and demand thing, plus you can factor some of it to natural inflation (but that's not most of the reason.

Good call. I agree. Those are definitely contributing factors, but not the primary one. The primary contributing factor is market uncertainty. The market hates uncertainty - so that drives up the prices. The uncertainty all results from the global struggle for world domination.

fox said:

The dollar is worth less because interest rates have been low, which increases inflation, which decreases the value of the dollar.

The value of the dollar is low is because the US has printed too many of them. Monetary inflation. That's the whole reason. The financial markets discount the dollar because the growth in the money supply exceeds the growth in wealth.

Joe

[Joe-×]

abate said:

Social security is supposed to be just that... security. If you support private accounts then you don't understand the purpose of the legislation to begin with.

I think I understand the purpose of it. Let me double check here. The purpose of social security is to steal money from group A to give it to group B with the underlying promise to group A that someday they will be receiving stolen money from group C that is greater than or equal to the amounts stolen from group A. Social insecurity occurs when group A has rational fears that Group C will be unable or unwilling to be victimized at the same or higher rate. Social security exists for those roughly 70,000 parasites who are in charge of either robbing the productive or giving to the non-productive and live off the 1.6% of the stolen loot. I think that's right.

Joe