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Please wait until after I am dead in 30 years or so.
The reason these programs exist is the private sector CANNOT BE TRUSTED with the small investor's money. It is a near certainty that the small investor’s stock accounts will be lost in a speculative crash and their bank accounts will disappear when the banks suffer a massive failure. A long history of booms and busts has provided evidence of this behavior by the private sector.
The only thing that you would do with the extra 15% is spend it or lose it in and economic failure. Either way you would spend your elderly years destitute.
Keep these programs government operated. They are our only real security even if threatened by Mammon’s purists.
Hint, there are more options then just stocks.
You make claims. How about some date on the the record of investment in this country.
My IRA is doing fine. Even with the last crash, mine is worth more then what I have put into it.
He "addressed" it but didn't give much energy to it... he was really apathetic to it otherwise he would do more than "address" it... To his benefit, he was short-sighted and thought everything would turn out okay in the end... it didn't... hindsight is 20/20... foresight is a different matter entirely... I am sure if you talked to him back then you will find that he was concerned but not overly concerned as he should of been... but then I also have the advantage of hindsight... I didn't know this was going on back then so I would of been just as stupid about the whole ordeal... but Bush was in the loop and was apathetic to it... apathy is no excuse...
You really need to read up on the history of the issue. The facts seem to escape you.
Lets cut and reduce the billions and billions of squandered foreign aid every year. Let also reduce spending on the numerous wars, regional conflicts, and police actions we are involved in.
Yes indeed it is time to make significant changes to entitlement programs---to destroy them--no.
There is plenty of room to compromise on all this---its time to end this joke---it has become a dog and pony show and whole world is laughing at us. It is also clear that the American people have become fed up and disgusted over this political soap opera.
To all our elected officials----just do your job repsonsibly and without allegiance to ideological jargon and nonsense. Just do the right thing which is to start to make significant dent in the debt and start now----but please do not cause this govt to default and jeopardize the international community.
Raise the debt limit----than create a respected commission of dems and repubs to form a binding committee to come up with a workable solution to the debt problem. Give them power to have the findings implemented----I dont think a solution can be found under the current situation where idealogy and arrogance is more important than meeting our obligations and future challenges.
We have a committee, it is called the House of Representatives.
I think you are confused. I have not moved my 'goalpost' whatsoever. I stated that there is no factual evidence showing a drop in mortality rates since the enactment of medicare and you told me I was wrong without backing yourself up. Not only am I right in my original post, but you cannot give me any evidence that I am wrong! Instead of posting the factual data that I asked for, you become vindictive? I am asking you to actually give facts to back up what you said. Is that really too much to ask?
Katiana - as usual you attack me personally instead of posting facts. Either back up your claims with facts or back out of the discussion.
This statement of yours:
Also, if you look at mortality rates in the United States over time, you do not see any drop whatsoever after the enactment of medicare.
is untrue. Life expectancies have been posted all over this board, but since you want to make me go to the extra work, here it is:
You guys who have years to grow your investments better do some strategic long rang planning. It was not too long ago some relatives of mine saved and saved and thought they could get by on the interest. They are now eating their seed corn. It will not last as long as they do. Others thought they would be fine invested in the stock market. Never forget Enron. Ken Lay was treated as a hero by the establishment in Texas until the bitter end.
SS cost you 7.5% and your employer 7.5% of every dollar earned.
Imagine having the freedom of choice to use that 15% to plan your own retirement?
The left are only for choice when it comes to killing babies.
I'd love it! Add my SS contributions plus interest in to my retirement portfolio and I would move my retirement date up 10 years.
What about the veteran who lost his legs in combat. The child born with disabilities unable to make a living as an adult or the hard working professional who contracted MS or another debilitating condition in his 30's. Do we turn our backs and say tough luck, I got mine?
How 'bout we take a more reasonable look at this shall we? We spend almost as much on defense as the rest of the world combined. Maybe we can save a buck or two there.
Look at the medical industry. Anyone else see a problem with American's paying more for prescription drugs than anywhere else in the world? Why is the selling price of a pill cost $1 in Canada cost $3 in the US when they are manufactured and sold by the same company. Ya we're being ripped off.
Social programs need to be gutted too. How often are programs evaluated for productivity, or audited for fiscal viability? Taking away a program, regardless of how ineffective is political suicide. You'll get far more votes from your constituents getting a larger piece of the pie for a local program than closing one.
We don't need new taxes nor do we need to get rid of the safety nets. What we need to do is ban the interaction with the lobbyist and special interests. Evaluate what it means to be ethical in Washington. Any politician in bed with a special interest to secure personal wealth after leaving office should be jailed.
We need patriots not politicians. How about allowing only one term for senior elected officials. They will spend less time appeasing everybody to get elected again and more time doing the job they were elected to do. While we're at it can we get rid of the Democrat's and Rebublican's too? So much rhetoric along party lines, make you wonder If love of country takes a back seat to love of party.
Start now with new workers entering the workforce.
Sounds great! Now ... What are you replacing it with?
Quote:
Originally Posted by Majin
Socialist marxist liberal pinko maoist.
LMAO!
Quote:
Originally Posted by Nomander
Seek charity, there is plenty of it and let the private society be their benefactors.
Sounds great! How much are you going to pony up?
Quote:
Originally Posted by dunks_galore
It even sounds nice for those of you who simply want smaller government, until you realize how much this would destroy the social fabric of our country, making it far more difficult for the non-wealthy to get ahead in life and increasing the power of the people who already control our nation.
And I wonder how many of those folks ever received a federally backed college loan or grant, bought a house with an FHA loan or first-time homeownership program, had a grandparent or parent in a nursing home ...
Yes ... Government assistance is truly evil. Unless you're the one receiving it, right?
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