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

To: Amy J who wrote (220744)	2/24/2005 11:59:26 PM
From: combjelly	Respond to of 1575787

"I'd like to learn how much the savings rate is for boomers if their 401ks were included." And other investments. When the rules were changes in the early '80s, there was a tendency to move away from trsditional savings, i.e. banks and savings and loans, to other instruments. Why do you think the DOW went from about 1,000 to about 10,000 in a little over a decade? You still ignore genJones. If you want to use the "generations" paradigm, you have to include us. We aren't Boomers and we aren't GenX. We aren't the Silent Majority, who were our parents. We damn sure ain't the Boomers. We have been quiet because we have been trying to survive. Now most of us(but not me or my wife or others of our ilk, who are obsessive outliers) are at the point in their lives where they have established their trajectory but have never had the opportunity to be idealistic. Appeal to our inner-hippie or communalist? Been there, done that. Appeal to our inner cynic? Yeah, well, I thought that was done, but we went for Bush in record numbers. Why? Beats the heck out of me. We saw Nixon, Reagan and their ilk. Why my generation can't recognize politicians who lie to them is beyond me...

To: Amy J who wrote (220744)	2/25/2005 12:40:25 AM
From: i-node	Respond to of 1575787

>> Individuals should decide if they want to loan their own personal SS money out, as an investment - aka privatization. You're changing the subject. You don't want the trust fund, which we're stuck with for your lifetime and mine, lent out. How do you expect it to earn money? >> David, you are getting close actually. I've understood the seriousness of this problem for 25 years. I'm glad some of you are starting to come around. But don't get the idea that anyone on this thread has any solution. While JF would have you believe the problem is easily solved, nothing could be further from the truth (had it been the case, Greenspan and Moynihan would have solved it years ago). The reality is the only solution is privatization, unless the federal government will begin paying 7% or more on the money it borrows from the trust (that you don't want it to borrow). It is a very complex problem made worse by the liberals' chronic use of it as a political weapon.