Social Security Called A Bigger Fraud Than Corporate Scandals

CNSNews.com ^ | July 12, 2002 | By Jim Burns

[headsonpikes]

Yes, the 'who's got a stronger padlock' scene was a highlite of the 2000 Debates.

As scripted by the publishers of MAD Magazine.

[Senator Pardek]

Ya know, this just occurred to me - don't the taxpayers pay interest on the billions of dollars of worthless treasury securities owned by the gubmint, which can only be cashed in by a tax hike or a spending reduction? We'd be better off if the gubmint defaulted on those securities - LOL!

"Kiss me."

"Why?"

"I like to be kissed while I'm being f****d."

[headsonpikes]

Ay-yup!

Up in cattle country, we know what 'service' entails to the recipient. ;^)

That's how they keep a straight face when they pledge to 'serve the public'.

But 'service the public' is closer to the reality.

[listenhillary]

Outstanding rant bump. I couldn't have said it better myself.

[ClearasaBell]

anyone that votes and thinks that they are getting a fair shake be they republican or democrat has delusions . Its a pepsi or coke goverment owned by the same polyconglomerate....Right on to those who realize this!

[GopherIt]

Does anyone out there know of a software item that allows you to calculate, from your annual "contributions", what they would have earned in T-bills, DJIA, an annuity contract, etc.?? I'm 60, and I'd love to know how rich I should be.

gopherit

[Senator Pardek]

Try this - http://calculator.socialsecurity.org/. It's not exactly what you are looking for, but if you play with the numbers, you might get an estimate.

[SustainableAssets]

You probably got a ton of responses...I’ve been putting such online calculators for a while. Log on to sustainableassets.com to see multiple financial calculators...i.e tax deferred growth vs taxable accounts. keep in mind fees are compounding negative gains in any fee-infested account. fixed annuities are automatically tax advantaged and often suitable ones have no-fee accumulation environment. There has been a lot of propaganda documented about this asset class...now I've to realize that its likely to justify SEC’s intent to regulate this asset class...perhaps out of the public reach. What a nightmare in the making....