Posted on 04/28/2005 6:38:41 PM PDT by Brilliant
Where was the "promise" you refer to written?
A problem with the logic is that they are using income during working years as a surrogate for wealth. It doesn't work that way. Just because you had a high income during your working years doesn't mean you have a high wealth during your retirement years, particularly with the high taxes we are paying these days.
Not government run, government approved.
It doesn't have to be written. If that's the way they are going to try to weasle out of this, then they better plan to face the guillotine.
Wasn't SS supposed to be a safety net?
Is something wrong with passing on your life's savings and investments to your children? If not to them, where would you propose it go?
really? first, sorry about my small letters, I hope I don't lose credibility points for that. If you are genuinely concerned I suggest you listen to such things as last nights speech in it's entirety.
If someone who works hard all his life lives in poverty when they retire they made some really bad choices!
If some people, I know them, were to take the money they spend every week on cigarettes, lottery tickets, knick knacks, cell phones, extra cable tv packages, vacations, the list could go on and INVESTED this money throughout their working lives they would be well off. It's about choices! This is America, the greatest nation the world has ever known, anyone that works all their lives here and is still poor, I have absolutely no pity for them and I for one would never deny them their well deserved consequences.
I have other thing to do besides listen to more double speak political BS from the Beltway crowd, they don't give a ratsa$$ about us. Never have - never will.
The text is already posted elsewhere on FR no need for me to do it here.
How would you fund that?
How do we fund the people who already put their money there?
Giving cash to Congress to fix this is like throwing it into a pit. You'll never see it again, and social security will still go broke.
It's been tried before--over and over, in fact. By letting them increase taxes to fix this, we are simply putting more of our money at risk.
I've been working for 222 years now. I don't expect to ever see a dime of what I've already put in. If they enacted private accounts, at least I could keep what I earn on a going forward basis.
End it. Don't mend it.
Ooooops. I mean 22 years. It only seems like 222 years.
Not possible.
What about the poor slob who is 59? Screw him cause you got yours?
Someone's going to get screwed. The longer this problem festers, the more of us are going to get screwed.
As good as the ability of the Federal Government to tax.
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