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53 Senators vote to raid the Social Security trust fund
TownHall.com ^
| 3/17/06
| Tim Chapman
Posted on 03/18/2006 3:04:56 PM PST by eeevil conservative
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To: Racer1
Both PA Senators voted yea. I will not be voting for either one next time.
You know I am stunned by Santorum. All the FREEPERS keep telling me that he is the best. Don't worry about these stupid things he has been doing and now once again he is voting something that I don't agree with. How much longer do I have to support him. I just can't believe him!!!!!!!
Comment #42 Removed by Moderator
To: eeevil conservative
...Kennedy (D-MA), Kerry (D-MA)...
Massachusetts Politicans doing what they do best
43
posted on
03/18/2006 3:35:06 PM PST
by
MassachusettsGOP
(Massachusetts Republican....A rare breed indeed)
To: raybbr
"Can I ask where the interest comes from on those bonds?"When the federal government borrows funds, it pays interest. That interest is paid back from future tax receipts.
To tell the government not to spend funds it borrows from social security. Is to tell it not to borrow from Social Security. And since loaning funds to the Federal government is the only investment Social Security is allowed to make, it's effectively telling Social Security to put the funds under a mattress and never invest them and never collect interest.
44
posted on
03/18/2006 3:35:18 PM PST
by
DannyTN
To: JayNorth
Both PA Senators voted yea. I will not be voting for either one next time.
On this vote, the "Yea" vote are the good guys.
Oops....sorry about my prior post. I went off the deep end AGAIN!!!!!! Need my meds...sarc.
To: Cobra64
I'd feel better if the "surplus" were invested in the private sector. Silly me. I'm not all that excited about having SS invest in stocks either. Just imagine having Fat Ted or John "I was in Vietnam" Kerry on the board of directors of the companies SS invests in.
46
posted on
03/18/2006 3:37:40 PM PST
by
KarlInOhio
(The tree of liberty is getting awfully parched.)
To: KarlInOhio
Get Smart |
Don't Get Screwed |
Personal Accounts |
Security Net |
(New Social Security) |
(Old Social Security) |
|
You own taxes withheld |
|
You never own taxes withheld |
|
Large retirement checks |
|
Small retirement checks |
|
Large nest egg |
|
No nest egg |
|
Wealth generator |
|
No wealth generated |
|
Will remainder to family |
|
Nothing to will to family |
|
Phenomenal compounding |
|
No growth potential |
|
You manage your portfolio |
|
No portfolio to manage |
|
Stock market returns |
|
None |
|
Bond market returns |
|
None |
|
You own your account |
|
Government owns it |
|
No risk, you own |
|
High risk, benefit cuts |
|
Liquidates unfunded liability |
|
Increases Unfunded Liability |
|
No benefit cuts |
|
Benefit cuts required |
|
No new taxes |
|
Tax raises are required |
|
Low administration costs |
|
Higher administration costs |
|
Fund democracy worldwide |
|
Government wastes your taxes |
|
Free market mechanism |
|
Government Socialism |
|
Business principles |
|
Confiscation and redistribution |
|
Poor Benefit |
|
Poor kept barefoot |
|
|
In 2005 Dollars |
|
New |
Old |
|
|
|
Social |
Social |
|
|
|
Security |
Security |
|
|
|
(1) |
|
Annual Wage $15/Hour |
$ 31,200 |
$ 31,200 |
|
|
|
|
|
Nest Egg at Retirement |
$ 892,473 |
$0 |
|
|
|
|
|
Monthly Check at Retirement |
$ 4,462 |
$ 1,195 |
|
|
|
|
|
Nest Egg Willed to Family |
$ 892,473 |
$0 |
|
47
posted on
03/18/2006 3:41:32 PM PST
by
Wolverine
(A Concerned Citizen)
To: Howlin
I am glad both the Senators from the state I live in vote Yea for it.
To: JayNorth; gafusa
>I do not really care. I am young enough Social Security will have long collaped by the time I retire<
Unfortunately the instant gratification "me" generation is chronically short sighted. "Careless" paves a rough road, gafusa.
49
posted on
03/18/2006 3:43:32 PM PST
by
Paperdoll
(On the cutting edge)
To: gafusa
same here. by the time I reach that age, I suspect our lives will be like the movie "The Road Warrior"
50
posted on
03/18/2006 3:45:00 PM PST
by
isom35
To: eeevil conservative
I always heard there is NO Social Security trust fund. All taxes go into the general fund.
51
posted on
03/18/2006 3:45:57 PM PST
by
Mark17
To: eeevil conservative; Howlin; All
http://thomas.loc.gov/cgi-bin/query/F?r109:1:./temp/~r109uL7oMb:e230497:
I believe if you scroll down this page, you will be able to read the debate pro/con on this---on the Senate floor.
I think it will clear some misconceptions up about this amendment...but, will also PROVE the mindset of the DEMS and the ones voting against it.
BTW..this was during a Budget debate..the actual change in Social Security would actually have to come out of the Finance committee and appropriations.
52
posted on
03/18/2006 3:50:55 PM PST
by
Txsleuth
(Bush-Bot;WaterBucket Brigader;and fan of defconw;Cboldt is my mentor!)
To: eeevil conservative
my senators are Boxer and Feinstein...what do you want from me? The dwarf senator and Fineswine...what did I do to deserve this?
53
posted on
03/18/2006 3:51:34 PM PST
by
sofaman
("The Argument from Intimidation is a confession of intellectual impotence." Ayn Rand)
To: DannyTN
Just goes to show ya = too many politicians are fiscally irresponsible, just like the yokels who keep voting them back onto "The Hill."
54
posted on
03/18/2006 3:53:02 PM PST
by
Paperdoll
(On the cutting edge)
To: eeevil conservative
THOSE DIRTY RATS! I hope Republicans win control of the Senate this November.
To: Txsleuth
that link doesn't like me!!!!!!!!
waaaaaaaaaaaaah!
56
posted on
03/18/2006 3:56:22 PM PST
by
eeevil conservative
(the GREATONE THINKS I'M GREAT! AND HE AGREES WITH WHATEVER I SAY!)
To: DannyTN; mc6809e
When the federal government borrows funds, it pays interest. That interest is paid back from future tax receipts.Yeah, I know. I wanted "mc6809e" to answer that question.
What I really wanted to say was: "Listen, you maroon (mc6809e), that interest is paid by future taxes." But I was trying to be polite.
57
posted on
03/18/2006 4:00:49 PM PST
by
raybbr
To: Diana in Wisconsin
LOL....I KNEW you would be on them rats like a duck ona june bug..
58
posted on
03/18/2006 4:07:23 PM PST
by
joesnuffy
(A camel once bit our sister..but we knew just what to do...we gathered rocks and squashed her!)
To: eeevil conservative
It doesn't like me either...sorry.
I will see if I can find it elsewhere...BBS
59
posted on
03/18/2006 4:08:48 PM PST
by
Txsleuth
(Bush-Bot;WaterBucket Brigader;and fan of defconw;Cboldt is my mentor!)
To: napscoordinator
Yea was a good vote, 53 senators voted nea to raid the cookie jar.
60
posted on
03/18/2006 4:10:33 PM PST
by
marvlus
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