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Now it is true that I believe this country is following a dangerous trend when it permits too great a degree of centralization of governmental functions. I oppose this--in some instances the fight is a rather desperate one. But to attain any success it is quite clear that the Federal government cannot avoid or escape responsibilities which the mass of the people firmly believe should be undertaken by it. The political processes of our country are such that if a rule of reason is not applied in this effort, we will lose everything--even to a possible and drastic change in the Constitution. This is what I mean by my constant insistence upon "moderation" in government. Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs, you would not hear of that party again in our political history. There is a tiny splinter group, of course, that believes you can do these things. Among them are H. L. Hunt (you possibly know his background), a few other Texas oil millionaires, and an occasional politician or business man from other areas. Their number is negligible and they are stupid.
Hm. "Texas oil millionaries" who is "stupid." Remind you of anyone?
Should any political party attempt to abolish social security, unemployment insurance, and eliminate labor laws and farm programs,
Gotta call him out on social security which is nothing more than a federally forced interest free loan from the citizens. Its bogus, and should be an optional program, not forced. We've seen how politicians have a hard time keeping their hands out of cookie jars, and then we raise taxes to put the cookies back in. Farm programs? We can thank them for effectively squeezing out the small farmers.
Hmmm. George W. Bush was born in 1946 making him 8-years old in 1954. Was he a "texas oilman" then?? I think he was in grade school in Massachusetts....
Hmmm. George W. Bush was born in 1946 making him 8-years old in 1954. Was he a "texas oilman" then?? I think he was in grade school in Massachusetts....
Maybe he's thinking about T. Boone Pickens who supported the Swift Boat liars, though he also was probably to young in 1954 to be a millionaie.
Gotta call him out on social security which is nothing more than a federally forced interest free loan from the citizens. Its bogus, and should be an optional program, not forced.
Well, for the people who didn't save for their retirement because they weren't forced to, then who's gonna be forced to support them when they retire? Their children?
Hmmm. George W. Bush was born in 1946 making him 8-years old in 1954. Was he a "texas oilman" then?? I think he was in grade school in Massachusetts....
That's why the subject heading says "predicts," as in "foretell the future." Strange how accurate it is, eh?
Gotta call him out on social security which is nothing more than a federally forced interest free loan from the citizens.
The government pays a market-based rate of interest on every penny in payroll taxes not concurrently used for the payment of scheduled benefits.
Quote:
Originally Posted by tnbound2day
Its bogus, and should be an optional program, not forced.
It's worked beautifully for over 70 years, and even if we do nothing at all, it will be just as peachy for at least another 55-60. Meanwhile, the taxpayers are not going to let you starve in the streets in your old age. Be a man about it and pitch in your share of the costs for that beforehand. That's what Eisenhower would have told you...
The government pays a market-based rate of interest on every penny in payroll taxes not concurrently used for the payment of scheduled benefits.
Lol, thats laughable. If my social security contributions since age 18 had gone directly to a diversified investment strategy, I would have already netted more than triple what my social security payouts would be if I became permanently disabled right now and lived to age 80.
Quote:
It's worked beautifully for over 70 years, and even if we do nothing at all, it will be just as peachy for at least another 55-60. Meanwhile, the taxpayers are not going to let you starve in the streets in your old age. Be a man about it and pitch in your share of the costs for that beforehand. That's what Eisenhower would have told you...
I'd rather pitch my share into something I have control over. Maybe they will figure out what they are gonna do when Social Security goes broke, maybe they won't. I'd prefer not to trust the Dems or Republicans either one with my money.
Lol, thats laughable. If my social security contributions since age 18 had gone directly to a diversified investment strategy, I would have already netted more than triple what my social security payouts would be if I became permanently disabled right now and lived to age 80.
You are proceeding from a false assumption on how Social Security works. The money you pay in now is NOT for you. Never has been. The money you pay now is financing people's benefits today. And when your turn comes, the younger generation will finance yours. This was part of the "social contract" of Roosevelt's New Deal. Basically: You help folks in need today, and when you're in need tomorrow, folks will help you.
Social Security is exactly what it says it is: a social safety net. It is not and was never intended to be an investment strategy.
It's a great system and worked beautifully (albeit at times imperfectly) until Reagan starting gutting the system in the '80s.
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