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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (26749)	1/16/2005 1:20:59 PM
From: Orcastraiter	Read Replies (1) \| Respond to of 90947

Hello RDB, Where do you get all your information on Social Security? How do you know whether that information is correct? Seems like everybody has a different idea as to how much money is left in the SS Trust, and when it will be gone. All these hidden funds, and IOU's and such make this a difficult subject to get a grasp on. So who's got the real numbers and the real scoop on the status of Social Security? As for Bush, I have not seen any thing concrete about what to do with Social Security, except for the privatization of SS. So that young folks would not contribute to SS, but to their own self managed retirement plans. On the face this plan sounds like it might have merit. A couple things bother me though. First if the younger folks do not contribute to SS, How will that payment gap be filled for those older SS recipients? Second, what happens to the fellow that self directs his retirement down a rat hole with the expert help of Wall Street advisors, the same crew that was responsible for the rapid evaporation of 401k's, SEP's, and IRA's during the last market melt down? Which leads to another question...what effect will all these new funds seeking to grow themselves have on a market where the P/E's are already bloated? Will it contribute to another bubble? Will there be infighting as to who gets to direct these new investments, reap the handling fees and will certain stocks be favored for investment of SS dollars? Will only the S&P 500 and the DJ be favored? It just seems to me that this will skew the normal investment market by introducing all these new funds for investment. Then who will pay for the support of the guys that lose their retirement to the Wall Street wizzards? What happens to the guys that fall through the new holes in the old safety net? OK then...you seem to have all the answers...so please enlighten. Orca

To: Oeconomicus who wrote (26749)	1/16/2005 3:46:41 PM
From: geode00	Read Replies (2) \| Respond to of 90947

You are completely wrong and so filled with hate for your fellow human being and your country (and likely your professed religion) that you cannot see the error of your ways. I am sorry for you but cannot help you. The CBO is non partisan although the SSA has even cleansed its website of the truth in order to shill for Bush and his fellow thieves. As Krugman correctly points out (along with many others who actually look at these things in detail), it is Bush's BUDGET DEFICIT and drunken, irresponsible, insane over spending that will create problems with SS and with everything in the USA...not the other way around. I'm still sorry for your inability to see the truth but cannot help you. You are simply like those in Europe fiddling around with the unimportant while blandly watching the rise of fascism. You're no different and you're just as responsible.