The New Social Security - The Ownership Society (great information from retired CPA)

THE NEW SOCIAL SECURITY,COM ^ | DICK McDONALD

[CHARLITE]

This is an excellent website created a couple weeks ago by Dick McDonald, a retired CPA, to explain the pros and cons of the "old social security" and the proposed privatized "new social security. Get the word out - it needs to be linked to other websites whenever possible. He's gone to a lots and lots of work to explain just about every question people have about this.

http://www.thenewsocialsecurity.com/

The "Copy and Paste" feature is blocked on Dick's new website for copyright protection, but I would strongly recommend that you visit this interesting new informational site which outlines the truth about "The Ownership Society." Conservative activists need to get this around as widely and as quickly as possible, in order to assist President Bush in his efforts toward Social Security reform.

Comments or Questions: ramcdonald@aol.com

[CHARLITE]

This is the most impressive, informative site I've seen yet. It literally has all that anyone needs to know, to make an intelligent decision about the urgency of Social Security reform.

[marktwain]

A good summation of the two systems.

[FreeKeys]

GREAT find, Char. Thank YOU!!!!

I sent this to most of the people in my address book (including my legislators):

CHECK OUT THE COMPARISON CHARTS ON THIS PAGE!:
http://www.thenewsocialsecurity.com/

Suggestion: you all do the same

>>>>>>>>>>>>>>>>

[bigsigh]

xlnt

[conservatism_IS_compassion]

There's so much wrong with FDR/LBJ Social Security that you can't get it all said at one time. I just like to summarize it by saying that the "Social Security Trust Fund" is an asset to the Social Security system but it is an equal liability to the U.S. Treasury. It follows from that that when the current-accounts cash flow of Social Security turns negative in about a decade or so, there is only one place for the money to come from - the US Treasury. Which is exactly what the situation would be if the SSTF did not exist, and why people assert that it does not exist.

Whether you think it exists or not, the problem of paying the benefits still will rest on our children and grandchildren. The SSTF will have no effect on the ability of the government to pay Social Security and the rest of its bills. The one saving grace is the extent to which the coming Retirement Boom will be associated with an IRA redemption boom - and a concommitant boom in tax revenue to the Treasury from the tax liability boom that that implies.

The sooner the Social Security system for the younger generation can be morphed into a big IRA, the better it will be for our grandchildren.

[kittymyrib]

Thank you very much for this excellent site. Everyone needs to send this to everyone on their email lists, especially young people who think this issue is too complex for them to understand. They need to see what a huge difference this will make to their financial future and that of their families.

[CPT Clay]

bump

[CHARLITE]

"The sooner the Social Security system for the younger generation can be morphed into a big IRA, the better it will be for our grandchildren."

Thanks very much for your brilliant, concise comments. I couldn't have phrased the argument better myself. This is SO important, and worth fighting the liberals for........tooth and nail!

Thanks to you, too, kittymyrib!

Char :)

[lilmsdangrus]

Thanks for posting, I also sent it to everyone in my address book!!

[CHARLITE]

The more citizens who can visit this site, where it is all so clearly laid out, the better for a change in the public attitude. We need to counter the very misleading, dishonest liberal spin on Bush's policy here. The greater the "Ownership Society," the more freedom and the better chance that we can defeat liberalism once and for all.

[lilmsdangrus]

I agree. I find people I know so uninformed, (well, whaddya expect when you rely on the good 'ole MSM) and this site is really spelled out so well for those that don't take the time to look.