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I don't know what you are talking about, you have admittedly never been to the U.S. and do not know our culture.
But I've been to Asia and the poor are the same everywhere; they all wanna become rich.
Besidez it is no secret what your culture is, you export it abroad in your music, movies and documentaries. And as a child I've grown up with American friends whose parents worked at the American base in Holland.
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Yes, it was hard, but well worth the work, I can hold my head up high because I did it, I did it with no help, and ANYONE in America has the same opportunities.
Unless you grew up in a vacuum your claim that you did it with no help is an illusion.
Originally Posted by Noahma But I've been to Asia and the poor are the same everywhere; they all wanna become rich.
Besidez it is no secret what your culture is, you export it abroad in your music, movies and documentaries. And as a child I've grown up with American friends whose parents worked at the American base in Holland.
Unless you grew up in a vacuum your claim that you did it with no help is an illusion.
I did it with no help. I got the student loans myself, worked 2 full time jobs to pay for the loans, and went to school. I applied for jobs myself, went on interviews myself, bought my suit for the interviews myself. NO HELP AT ALL.
you do not get the full scope of what America is by watching our media, the people in California that produce that garbage have no place in reality.
I did it with no help. I got the student loans myself, worked 2 full time jobs to pay for the loans, and went to school. I applied for jobs myself, went on interviews myself, bought my suit for the interviews myself. NO HELP AT ALL.
I'm sure the dozens and perhaps hundreds of people who went out of their way to lend you a hand and to help move you along your way when they really didn't have to are very appreciative of all the gratitude you've shown for their efforts today...
I'm sure the dozens and perhaps hundreds of people who went out of their way to lend you a hand and to help move you along your way when they really didn't have to are very appreciative of all the gratitude you've shown for their efforts today...
they did not do it out of the kindness of there heart, it was a business transaction. They benefited out of lending me the money. I would not consider that help. I met the requirements to borrow that money, just as thousands of other Americans in which could make the same business transactions that I did.
HS Dropout: 419,000
HS Degree: 566,000
Some college: 602,000
College degree: 142,000
Never married: 1,088,000
Married, spouse present: 391,000
Married, other: 250,000
Hours worked per week at primary job...
No fixed hours: 219,000
1-9: 69,000
10-19: 217,000
20-29: 381,000
30-39: 364,000
40: 410,000
41-48: 21,000
49-59: 37,000
60+: 12,000
Hmmm. Most payroll taxes are immediately sent out as benefit payments to recipients. The residual (the part being saved up in the SSTF re the baby boomers) is invested in US Treasury securities...those things everybody has been trying to get out of the stock market to buy instead.
Wealth lost by the NYSE last week: $10 trillion
Wealth lost by the SSTF last week: $0
Meanwhile, admin and management costs for SS are about 0.8% of benefit payments. How would that compare to private sector numbers?
Makes my point rather nicely...the percentage of workers that accounts for is about 1.2 percent of the total workforce in 2007. (according to the Bureau of Labor Statistics...low avg. of total non-farm jobs, seasonally adjusted in 2007 was 137,000,000). Over half of these were women, and can I say this, as a woman, part time employed, that it may be because many of them are part time , and stay at home moms? they are not the major breadwinners in the home. I don't even know if I can cede the point about the full time jobs because almost half of these persons are under age 25, which falls into the potential student category, so...I am not sure about that.
As far as everyone buying Treasury securities as long term investments...that is rather foolish. They don't even keep pace with inflation, which is why SS is losing money over the long haul (well one of the reasons) Administative costs may be low , but at least in corporate America there are 'supposed' to be laws against borrowing from the retirement investments. There are no such laws against the governement borrowing SS monies...there are several sets of goverment accounting books to cover such practices. The money is not 'saved ' somewhere for future generations. I reiterate that the government is a poor steward of nearly everything it is given charge over.
I merely posted the data that you did not. Feel free to cherry-pick to POV all you want.
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Originally Posted by Parrotrosie
As far as everyone buying Treasury securities as long term investments...that is rather foolish. They don't even keep pace with inflation....
You might want to re-research that statement. It's entirely false.
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Originally Posted by Parrotrosie
...which is why SS is losing money over the long haul (well one of the reasons)
So is that one.
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Originally Posted by Parrotrosie
Administative costs may be low , but at least in corporate America there are 'supposed' to be laws against borrowing from the retirement investments.
Perhaps there should have been laws against restating them as parts of acquisitions, mergers, and takeovers. A few more plans might still be solvent if such laws had existed and been enforced.
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Originally Posted by Parrotrosie
There are no such laws against the governement borrowing SS monies...there are several sets of goverment accounting books to cover such practices. The money is not 'saved ' somewhere for future generations.
You're way off base. By both federal law and fiduciary responsibility, balances held in the SS Trust Fund are invested to earn competitive, market-based rates while keeping primary a strategy of conservation of principal. Like a substantial portion of President Bush's personal fortune, SSTF funds are invested in US Treasury securities, the safest, most secure investment vehicle in the history of the world. So safe are these that they are the standard against which all other forms of investment are measured. As with all bond sales, proceeds received by the seller are used for its own purposes. Proceeds from the sale of school bonds are used to build schools. Proceeds from corporate bond sales are used to purchase new plant and equipment. Proceeds from government bond sales are used for government projects. None of such uses of proceeds in any way diminishes the status of a bond as evidence of a debt. This is simply the way bonds work. Perhaps you should read up on it further. There are no sets of government accounting books that will report anything other than what I have just described.
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Originally Posted by Parrotrosie
I reiterate that the government is a poor steward of nearly everything it is given charge over.
You can reiterate it all you want. The facts remain the same, and those are at odds with a great deal of what you have said so far.
Personally - I trust Me to take care of ME more than the government - and, I don't pay the government to take care of me either -
LoL you don't trust anyone but yourself.
I have no problem trusting my government, but I'm not so gullible as those people who trust Dubya or who put all their faith in money.
Originally Posted by Noahma
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no, I am paying it back 100% +
I would not consider it help when I am returning in full plus
If you would not have gotten your student loan that would have been the same as not have gotten help.
Poor people generally don't get any loans because they don't have any collateral so banks generally don't wanna invest in them as they would in students.
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But I've been to Asia and the poor are the same everywhere; they all wanna become rich.
And as a child I've grown up with American friends whose parents worked at the American base in Holland.
Unless you grew up in a vacuum your claim that you did it with no help is an illusion.
