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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (212816)	12/7/2004 6:28:19 AM
From: Amy J	Read Replies (1) \| Respond to of 1574854

Mindmeld, here's one thing that should be changed in Bush's proposal. Currently, they cap the savings to $1,000, while claiming you can save 4% of your payroll. The fica cap is $90,000. 4% of 90k is $3,600. So 1k is wrong. It should be 3.6k. People should be able to save up to 4% of 90k. Consider this: current avg payout is 11.5k/year (per CNN) Bush's proposal is to only let you save 1%, which is 1k of 90k fica cap. 1k doesn't come anywhere near replacing 11k/year. So this is a raw deal. 1k/year isn't going to replace 11k/year - my generation doesn't have any confidence in social security at all, and making us use 1k/year input to replace 11k/year payout certainly doesn't resolve the issue. But 3.6k does. With $3,600/year savings you could grow that to try and reach 11.5k/year payout. So that would be a fair replacement. But 1k is not. It's naive to think $1k would grow 10X to replace 11k. (You may be asking, why would 1k need to replace 11k? Well, keep in mind that people from my generation have zero faith in the govt and no one believes they'll get a cent. So, from our perspective, the privatized funds need to fully replace our generation's payout, so the 1k needs to be bumped up to 3.6k in order for the 3.6k input to eventually grow to a self-payout of 11k/year, which would be a comparable deal, otherwise this isn't a deal to support.) The govt gets so close to coming up with a good solution, but then they totally screw something up. The $1k/year savings MAX cap is ridiculous - esp for a country that should be encouraging people to save more. The cap should be 3.6k/year. i.e. 4% of 90k (fica cap) = $3,600. I'm okay with a fica savings cap of $3,600 but certainly absolutely not a low $1,000. Meanwhile, fica cap on tax should be removed so that payroll is taxed on amounts beyond 90k. If they eliminate the fica cap tax, while increaseing the savings cap to 4% of 90k = 3.6k, not 1k, then that would work. But the 1k savings cap is ridiculous. It should be 3.6k (4% of FICA 90k) Where is David Ray? Regards, Amy J

To: RetiredNow who wrote (212816)	12/7/2004 10:41:00 PM
From: tejek	Read Replies (2) \| Respond to of 1574854

Because you claim that the U.S. is the biggest threat to Iraqi peace, when in fact the insurgents are the biggest threat. I have never said that................Iraq has been a mess since at least the early part of the 20th century. What the US did was open up a pandora's box; not unlike a kid whacking a beehive with a big stick. Nothing would have happened if the hive was empty or ants instead of bees occupied the hive. Unfortunately, Iraq was an explosion waiting to happen. And now, by stirring up the pot in Iraq, we have become one of the biggest threats to ME, and not just Iraqi, peace. Muslims have always been their own worst enemy. That is why I believe that we are witnessing the implosion (a very loud and destructive one at that) of the fascist Islamic religion. Humans are their own worst enemies..........Muslims do not have a corner on that trait. I get real tired of how you discount all the turmoil the West has encountered and promoted thru the millennia, culminating in the genocide of 6 million Jews and a Cold War between two superpowers that lasted for 45 years, and resulted in all kinds of entanglements, minor wars and BS. During the last 100 years, the West has screwed and screwed with the ME mostly for one reason and one reason only.........OIL. If it was not for oil, the ME would have been ignored much like the West mostly ignores Africa. So to claim violence and upheaval is a Muslim invention is a blatant and unfair fabrication. Nothing in Islam can match what the West has down over the past 1000 years throughout the world. BTW there are Muslims who post and/or read this thread. They are intelligent, well mannered, informed people. I would suggest you chill with the blanket criticisms of Muslims. They are unfair and probably hurtful.