WHITE HOUSE BLASTS WASH POST ON SOCIAL SECURITY CLAIM....

http://www.drudgereport.com/flash3.htm ^

[bubman]

This is a pure liberal play! Create a lie big enough to freak everybody out, then run a correction in the back pages nest to the Cars under $2000 section of the classifieds a couple of days later.

[sam_paine]

People still read newspapers?

Ironic, a poor little kid just timidly knocked on the door trying to sell me on his new paper route. Bless his heart...trying to make a buck in a dying industry.

[Syncro]

That's exactly right.

The liberals need SS to stay like it is with increases as they add program after program to it.

So they can have more and more control.

Their mantra of Bush "dismantling" and destroying the SS system is partly true.

If time could be fast-forwarded 70 years and everyone had their own private "SS" type savings account, retirees could stay in their homes and not downsize their lifestyle because they would have all the retirement money they need.

Imagine starting at 18 yrs old and having 15% of your earnings for 47 years earning interest.

That is what the liberals don't want.

How can they steal and siphon off the money if it doesn't go through the government filter?

The Social Security Fund is filled with IOU's. After the portion of the money coming in each month is sent to the recipients, the Government puts an IOU in for the surplus, and spends it.

[Eva]

I heard some Democrat make this claim on tv tonight and didn't know what he was talking about.

[Anti-Bubba182]

This thread features links to both the original article and the correction:

Michael Moore Prominently Displaying Bogus Washington Post Story on SS

[MarkL]

E.D. on Fox and Friends this morning interviewed John Corizine, and he specifically stated that people will have to "pay back" the treasury, and mentioned this "claw back."

I wanted E.D. to ask him exactly what he meant.

It looks like the dems are back to bald face lying again!

Mark

[familyop]

Hmmm...two problems.

* "If he were to divorce, his account would be marital
property."

Okay, the real family movement (we who believe that fathers should be in families) says, "Seeya, seeya, wouldn't wanna be ya!" We'll go into political hiding and watch the big socialism show after 2008. What's the difference between creeping socialism and immediate socialism? Populations get too accustomed to creeping socialism, as ours has.

* "Personal retirement accounts provide ownership and
control."

That's wrong. I know a man who works for a developer (residential builder) and requested money from his retirement account to purchase vacant land to build his house on. His employer (the builder) said "No way--not unless you are buying from our industry (that is, a house that is already built, mortgage and all).

And as for Social Security, will we see the tax go away? If we see the tax go away, I'm all for it. If it goes for defense, that's alright with me. If we see it go into HHS stuff to appease the anti-family crowd, count me out.

No more incentives for divorce/cohabitation/"hooking up" or children reared by our government (government funded "day care," and all that)!

[daybreakcoming]

I, like a lot of people, used to love the morning paper with my coffee. Now I have my coffee with Free Republic while saving a tree from the Houston Comical. The enviros should love us.

[lonevoice]

It might be helpful if we could consolidate the replies on the duplicate thread: http://www.freerepublic.com/focus/f-news/1335456/posts

[Choose Ye This Day]

This is what I'd like to see projected:

What's a conservative estimate of how many younger Americans would opt for the private accounts? And then how much money would Americans be putting into the broad stock market each year, at a 4% payroll rate?

And with that extra vast sum of capital flowing into our nation's publically traded companies, what new business expansion might result? How much new R&D? New products? New factories and production? How will that translate into new jobs? New industries? Increased wealth for average American workers/investors? What will those average workers spend their wealth on? What stuff will they buy? How will the workers of the companies that make that stuff then benefit from increased demand?

[Indy Pendance]

The libs will fight this tooth and nail. They can't let folks get off the government teet. That is their sole reason for existence. If people can be self sufficient, what use is the democrat party?

[TeaDumper]

Right on!!. I turned from conspiracy theories to believing that sheer ignorance is a better explanation for the way they write their "news" stories. Most of these journalists are too young to remember when Pres. Johnson (Dem) and the Senate (Dem) and the House (Dem) thought of a great new idea of going to a "unified" budget. Although Social Security was doomed to fail from the start, the unified budget was a major turning point in the Soc Security road. The unified budget turned the "trust fund" into a very public sham. At the same time Democrat politicians began to make more and more of an issue of "keeping the trust fund" safe.

Just ask the Democrat party and leaders if they would be willing to apply the same laws on pensions (ERISA, etc.) and Securities laws on Social Security. Either you will send them off doing double speak, or they will flat out lie about the situation.

Thanks

[rhtwngwarrior]

Can the WaPo do anything right? Threads Unravel in Iraqi's Tale ... they were taken for a ride by Jumana Michael Hanna, the woman that said that she was raped by Uday's prison guards. Turns out she's a sociopathic liar.

It looks like just a little digging on that story revealed its weaknesses -- I can't tell if they were fooled by her or just wanted to put out a story that people wanted to hear.

[GretchenM]

marker

[okie01]

Most of these journalists are too young to remember when Pres. Johnson (Dem) and the Senate (Dem) and the House (Dem) thought of a great new idea of going to a "unified" budget.

1966. I remember it well.

"Mah frenns -- and yew ARE mah frenns -- the gummint has these two pots. And, in this heah pot, the money is goin' out faster than it's comin' in. Thass what we call a dafficit!

"But this udder pot, ovah heah, it's got mo' money comin' than is goin' out. Thass what we call a suhrPLUSSS!

"Now, if we put these two pots of money togethah, thar'd be as much comin' in as whut wuz goin' out. Thass what we call a bahllanced budgit!

"And, mah frenns, that iz whut we agonna do -- bahllance the budgit so's we can faht two wahrs at oncet. That wahr over thar in Viet Nam...and that wahr raht heah in the U.S. of A., The Wahr on Pahvitty. And we agonna win both o' them wahrs, mah frenns."

I knew, the instant I heard it, that we were in deep, deep doo-doo. I was only in my mid-twenties at the time...and I couldn't grasp why everybody didn't understand that the spending tap had been turned "ON" -- and was likely to stay there for a generation or two.

[Torie]

The Bush plan as now explained is akin to buying stocks on 100% margin, if all the money is invested in stocks. You borrow money at 3% plus inflation, and invest it in stocks. If stocks earn less than 3% over inflation over 30 years or whatever, you eat the difference in reduced benefits. If higher, you feast on the gain. If the gap is more than about 1% to the negative, the loss in your SS pension will be so large, that the government will probably have to put you on welfare in your old age.

If you choose to invest not all in stocks when opting for private accounts, that is almost a guaranteed loser because bonds don't typically earn 3% over inflation. I oppose the President's plan as outlined, absolutely. It is a risky and nonsensical scheme.

[PGalt]

(Forced) Socialist Security is the crown jewel in The Democratic Crime Syndicate's culture of death.

"Raise the retirement age" should read..."We need more dead people"

These ghouls love performing economic abortions on our elder citizens. They are naturals at it. They have that sixth sense. They see dead people.

Look into the eyes of Nancy Pelosi, John Kerry and Hillary Clinton. Listen to them wail and howl in the days ahead as you rest your weary head on your pillow. If you make it to their "Promised Land" collect your pittance, but sleep with one eye open. If you should die before you wake, your money's theirs, the socialists to take.

[Fido969]

Morons at the Post.

Well, I am glad that the WH called them on it. We will finally have these folks' feet to the fire and get some accountability for the liberal fantasies they have been trying to pass off as accurate information.

[hattend]

bump for later reading

[Carling]

Actually, if you divorce now you can still collect the SS of your deceased ex-spouse. My mother-in-law, a big liberal, does this. She also live with a man for the past twenty years and won't marry him because he doesn't have the money her ex-husband does.

It's a little bit sad, but she treats me great so I deal with it.