Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (129851)	3/1/2001 11:57:39 AM
From: JDN	Respond to of 769667

Dear George: My mother and father both died at age 62 and that was in 62 and 63. We got exactly $250 each PERIOD to bury them. Today the death benefit is STILL $250. I find that DISGUSTING. At my age privatization does not apply to me, but if I were younger in my 20's or 30's I would jump on Privatization of SS like a bee on honey. JDN

To: aknahow who wrote (129851)	3/1/2001 12:37:25 PM
From: Nadine Carroll	Read Replies (3) \| Respond to of 769667

Too bad Social Security is a political issue rather than a common sense issue. The current return on the taxes taken from workers is 2%. This type of return would get a financial advisor in trouble when the yield on U.S. Government Securities is over double that and even compounding is disregarded. This would be an excellent analogy if any Social Security "investments" existed -- I'd agree, let's start moving the money immediately. Unfortunately, the current system is pay-as-you-go (the surplus has been "borrowed" by the Treasury). So if taxpayers start owning their contributions, great! But who pays Grandma her check in the meantime? I'm still waiting for an answer to this difficult question. As far as I can see, Bush wants to use the projected surplus, the same one he proposes giving back in tax cuts. Even in Washington you can't spend the same money twice.