Bushs Plan to steal all the money in Social Security by the year 2008

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Bill_A:
When and if Social Security is privatized, the social Elite that invest in the stock market and privatized social security will become fantasically wealthier. The poor will have less and the rich will become richer.

The programs privitization will cost Billions of Dollars. The government will have to pay for the money that gets “Invested in the stock market.” If the Market fails all the money will disappear. Like with the internet stocks. (Guess who will get it? The rich.)

As it stands money the money invested in Social Security is invisible. The government invests it in itself through the form of taxs and repays it a little at a time. Social Security generates its own funding.

The Fact that some people die and some people collect keeps it solvant. Remeber that My generation is dying from Drugs and Aids so that may help contribute to Social Securities solvancy. The liekelyhood I think that My generation will live to collect is a mispersception…

The Employees that work for social security will retire or disappear. Under the plan they too will be privatized and replaced by Subcontracted employees for $8 an hour. This will generate a feeling of discontent within Social Security because no one wants to work for $8 an hour. The employees that work there now make $12-$15-$20 an hour. They are not all happy and when they get run by some fat, dysfunctional greedy company like Computer Science Corporation you all do not know how unhappy and miserable Social Welfarity will come. People will recon for the “good old days”.
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Well now. How many of you have a retirement fund going? Any profits made in the stock market will benefit those who are in it. Many, many Americans are now invested.
 
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Bill_A:
The best thing we could do to keep Social Security Solvant is to leave it alone. I know it does alot of good but I could personall care less about Social Security. Social Security is just a big socialist intrusion program but I hate to see them do anything that would make it worse.

The one thing they need to do that could save social security is focus on the economy. The government could tax imports in the form of COntainer processing fees. The money generated could be used to create jobs from everything to inspecting containers, the coast gaurd or grants to start small industrial buisinesses.
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You could care less about social security after you posted this ranting thread? You change your mind quicker than my cat asks for food.
 
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trevor:
Hello Everyone,

Touchy subject. My wife received a letter from Social Security yesterday. It let her know that if she became permanently disabled she would be getting a benefit of $555.00 per month. $555.00.

Come on :confused: , people cannot live on this amount. Anytime we depend on the government for anything we are perfectly capable of doing on our own we are going to get the short end of the stick.

Stop being so afraid, before 1940, there was no social security. People were not being killed or deprived of services. As a matter of fact, our economy flourished.

$555.00. This is what 30 years of work has garnered my wife. 30 years.

ybic,
Trevor 👍
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If she lives another 30 years she will receive 199,800 at current payout. Now take a look how much she paid in. HMMMMM!
 
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Bill_A:
Im sorry but the $555. a month is only designed to put food on the table. People want the government to be all things to all people.

I am sure most of you probably think that this is all “crazy talk.” I posted the thread in hopes to educate some of you. I consider that if it is too crazy for you. Some time the day will come when you remember this. That the government intrusions have gone too far and that the wealthy abused people to much and our citys became disparaging cesspools of poverty. Which as Michael Moore pointed out have became fantastic recruiting grounds for our non stop wars on poor 3rd world countries.
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**Supplemental Security Income - It means supplemental not income replacement insurance.
**
 
Michael C:
Everyone is in full agreement that social security is facing a crissis, the only thing to be alarmed about is that the dems have done an about face on the issue because of their hatred for George W.
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I’m not saying this to be partisan but the party is almost a joke at this point. They never come up with anything of their own. All they can ever do is attack the opposing party’s ideas.

If you don’t like something - come up with something better. I think GW hinted at that when he said he was open to all ideas. The problems is that the Democratic party hasn’t come up with an idea in years.
 
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Scott_Lafrance:
I find it funny that Congressional Democrats are all maintaining that Social Security is solvent for the next 75 years, yet Alan Greenspan has been predicting for at least 5 years now that if SS is not fixed, it will be bankrupt in less than 20. Who do you think knows more about the government’s money?
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Oh, the Democrats do. They just forgot to tell you the rest of the story: they will raise taxes. How high? Hey, they will just keep raising them until they get there - wherever there is…

The Democrats know quite a bit about the “government’s money”; and their knowledge is particularly adept and in depth in the area of “how to get more of it”.
 
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otm:
Oh, the Democrats do. They just forgot to tell you the rest of the story: they will raise taxes. How high? Hey, they will just keep raising them until they get there - wherever there is…

The Democrats know quite a bit about the “government’s money”; and their knowledge is particularly adept and in depth in the area of “how to get more of it”.
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Touche
 
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Scott_Lafrance:
I find it funny that Congressional Democrats are all maintaining that Social Security is solvent for the next 75 years,
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That figure comes from a report signed by three of Bush’s cabinet secretaries. If teh Bush Boys are lying, how can we trust them on Iraq? (or, I forgot, they lied about that too.)
 
And if nothing is done by 2029, there will be a deficit in the Social Security trust fund, which will either require – if you just wait until then – a huge tax increase in the payroll tax, or just about a 25 percent cut in Social Security benefits. And let me say today, Social Security – **I want to put that in, too, because I want you all to start thinking about this – Social Security was conceived as giving a floor for life. **It is not enough to sustain the standard of living of almost any retiree retiring today. So you also will have to make provisions for your own retirement savings, and you should start early when you go out and go to work, with a 401(k) plan or whatever. But this is what is going to happen unless we change. if we change now we can make a big difference. **REMARKS BY THE PRESIDENT ON SOCIAL SECURITY – February 9, 1998
**

Specifically, I propose that we commit 60 percent of the budget surplus for the next 15 years to Social Security,** investing a small portion in the private sector, just as any private or state government pension would do. This will earn a higher return and keep Social Security sound for 55 years.** **EXCERPTS FROM THE STATE OF THE UNION ADDRESS- United States Capitol- Washington. D.C.–January 19, 1999
**

**
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**

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katherine2:
That figure comes from a report signed by three of Bush’s cabinet secretaries. If teh Bush Boys are lying, how can we trust them on Iraq? (or, I forgot, they lied about that too.)
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Actually, I heard that straight from the mouth of a Democrat Senator during the post SOTU Address Q&A session on CSPN2. I think it was either Edward Kennedy or Charles Levin. Nice try though.
 
The problem is that people don’t see Social Security as base living, it is their retirement!!

If you privatized Social Security entirely, with a public overseeing board, we wouldn’t be having this conversation right now. That is the wonderful thing about capitalism. Give the job to some person, tell them if they perform well, they are going to earn a google amount of money and watch the cream rise to the top through incentive. There is no incentive for a government employee.

We think the wrong way in this country. Capitalism is AWESOME . Stop letting the government run your life!!

ybiC,
Trevor 😃 👍 😛 🙂
 
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katherine2:
That figure comes from a report signed by three of Bush’s cabinet secretaries. If teh Bush Boys are lying, how can we trust them on Iraq? (or, I forgot, they lied about that too.)
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Katherine, you know I luv ya’. Everything is going to be okay.

ybiC,
Trevor
 
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trevor:
The problem is that people don’t see Social Security as base living, it is their retirement!!

If you privatized Social Security entirely, with a public overseeing board, we wouldn’t be having this conversation right now. That is the wonderful thing about capitalism. Give the job to some person, tell them if they perform well, they are going to earn a google amount of money and watch the cream rise to the top through incentive. There is no incentive for a government employee.

We think the wrong way in this country. Capitalism is AWESOME . Stop letting the government run your life!!

ybiC,
Trevor 😃 👍 😛 🙂
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Who would be my “Mother” then? :crying: :crying:
 
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trevor:
The problem is that people don’t see Social Security as base living, it is their retirement!!
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Just like abortion being called pro-choice - referring to it as social security instead of Supplemental Security Income has led many to believe it should provide a total retirement. Refer to it as it is.
 
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buffalo:
Just like abortion being called pro-choice - referring to it as social security instead of Supplemental Security Income has led many to believe it should provide a total retirement. Refer to it as it is.
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You know Buffalo, I think this is the beginning of beautiful friendship.
😃

ybiC,
Trevor
 
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trevor:
You know Buffalo, I think this is the beginning of beautiful friendship.
😃

ybiC,
Trevor
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Now I ask the next obvious question. When does a families’ obligation end when it comes to supporting their parents? Why do they abdicate it to “mother” government? Why are offspring competing against one another and not coming together for the sake of their parents?
 
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buffalo:
Now I ask the next obvious question. When does a families’ obligation end when it comes to supporting their parents? Why do they abdicate it to “mother” government? Why are offspring competing against one another and not coming together for the sake of their parents?
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Obligation to your parents never ends.

Government programs facilitate the breaking of the family unit. Government frees us from responsibilities. Why should all of the siblings come together if an outside party is paying for everything (with our money) and taking care of their parents?

If our forefathers could see the responsibilites we give up they would be shocked.
 
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