O.K....ALL your Social Security Questions Answered.

[mrplunkey]

I enjoyed this section too...

Let's take this argument a step at a time. There are two ways to look at Social Security: you can view it as a stand-alone program with its own funding, or you can view it as just part of the federal budget. These aren't mutually exclusive views. On one side, Social Security has always been run as an independent program, and the independence of its budget has considerable legal and political force. On the other side, Social Security is, of course, part of the federal government, and its benefits must ultimately be paid out of the government's revenue.

Social security has ALWAYS been pitched as an independent program. The initial resistance against it years ago was that it smacked of yet another welfare program. By making it independent, they secured the votes they needed to even push this steaming dog turd of an idea through. Now, through some revisionism, we're being told "hey, it really is just another government program". Nice work!

This is still just posturing so Social Security, when it begins to go under, will be rolled-into welfare. Net result: It ceases to be a true worker-funded program and becomes yet more tax-and-give.

 

[mrplunkey]

That article just gets sicker and sicker the farther in you go. Like look at this beautiful little piece of misdirection:

there's something very peculiar about that assertion: if stocks are a clearly better investment than government bonds, why would anyone out there be willing to sell all the stocks that would end up in private accounts, and buy all the bonds the government would have to issue along the way? Are politicians pushing for privatization asserting that they know more about future rates of return than investors making decisions about where to put their own money?

Stocks and bonds serve RADICALLY different financial purposes, and the author here clearly knows that. This is classic misdirection by someone with an obvious political agenda.

If you have an extra $20M, $50M or even $100M lying around and want WEALTH PRESERVATION and high liquidity, you buy bonds.

If you are young, scraping the odd $100-$1000 together from time to time and looking for a long-term investment vehicle for GROWTH to retire with someday, you buy stocks. Is it really that hard to comprehend?

 

[milo hobgoblin]

tag for later.. this looks good.

 

[geoboy]

good god! , you are a mindless idiot who believes the current system will not collapse.

I love how people express an opinion and immediately people try to pigeon hole it as left or right. I am neither dickface.

1) i guess you didnt read the link abve, or any of the independent CBO studies that show that even if we do NOTHING, SS would be solvent till 2050 i believe, and thats using extremely conservative growth projections.

2) i never said u were left or right, i said that since you were so misinformed you must be getting ur info from the Bush propaganda machine that is Foxnews.

or is this just an example of the same leaps in logic you made to conclude SS was in imminent danger?

 

[MattTheSkywalker]

Eliminate the wage cap and you have no issues with SSI ever.

Steal money from everyone who makes mor than $10 an hour and everything will be fine.

This was a dumb post from you sir.

 

[ass_face]

1) i guess you didnt read the link abve, or any of the independent CBO studies that show that even if we do NOTHING, SS would be solvent till 2050 i believe, and thats using extremely conservative growth projections.

2) i never said u were left or right, i said that since you were so misinformed you must be getting ur info from the Bush propaganda machine that is Foxnews.

or is this just an example of the same leaps in logic you made to conclude SS was in imminent danger?

Whether the current piece of shit system is going to collapse or not... I could care less. Taking money from me and then not allowing me to have control of my retirement fund is bullshit. I don't need to read about a system that in its inception was horse shit.

 

[geoboy]

Oh, jeez, Chimpboys "political capital" must be all used up already.
nobody's buying the bullshit.


http://www.cbsnews.com/stories/2005/03/02/politics/main677620.shtml

 

[geoboy]

oh look! Bob ("the douchebag of freedom") Novak LIED about what Howard Dean's position was on the Social Security (non-)crisis. And since he refused to correct the record himself, Judy Woodruff had to do it:

http://mediamatters.org/static/video/ip-200503020003.wmv

 

[geoboy]

nice read further exposing the BULLSHIT.

fear mongering worked once, but the sheeple (and the mainstream media) woke up finally.

http://www.sojo.net/index.cfm?actio...rinter_friendly&issue=soj0503&article=050341a

 

[75th]

nice read further exposing the BULLSHIT.

fear mongering worked once, but the sheeple (and the mainstream media) woke up finally.

http://www.sojo.net/index.cfm?actio...rinter_friendly&issue=soj0503&article=050341a

Harry C. Kiely, a United Methodist clergy, is a retiree who has a vested interest in the continued health of Social Security.

LOL