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Politics : Impeach George W. Bush -- Ignore unavailable to you. Want to Upgrade?

To: AuBug who wrote (30675)	2/4/2005 9:44:54 AM
From: longnshort	Read Replies (1) \| Respond to of 93284

Why punish people making over 90k they will never collect any SS. It's armed robber, pure socialism, re-distribution.

To: AuBug who wrote (30675)	2/4/2005 10:21:54 AM
From: jttmab	Respond to of 93284

Thx for the TSP.gov link but the site doesn't answer my question. Is this a replacement for a 401k? I think it does answer your question, but it might not be that obvious. TSP is a voluntary program separate from Social Security for Federal employees hired after 1985. Empoyees hired before that were part of CSRS and they can participate in the TSP to a lesser degree. The TSP employees don't opt out of SS and the TSP program looks so much like a 401K program that I think it's fair to call it equivalent. There are certainly people on both sides that are predicting passage or failure to pass. There isn't a great track record of the Administration compromising on much; if they don't, it's less likely to pass. The predictions of bankruptcy are more than a bit exaggerated, but I wouldn't expect anything else out of the Administration. Images of mushroom clouds worked so well to get support in Iraq, why break trend with a successful tactic? Of course, the Administration [or economists] don't do exceptionally well on what the economy is going to do next quarter. But for some inexplicable reason, they seem pretty confident predicting out to 2075. And it doesn't seem like there's a lot of people that seem to have noticed that. Some, but not many. Fix SS by eliminating the $90,000 ceiling and making all wages subject to SS deductions. Simple. That would do it. But then come the objections that the rich people won't get social security because their income [even after they retire] will preclude that...and it isn't "fair". Keep in mind that these are the same people that want to have means testing for Medicare benefits to make sure that rich people don't get anything back for their contribution to Medicare. What's "fair" is defined by the moment. jttmab