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: Kenneth E. Phillipps who wrote (676918)	3/25/2005 6:06:07 PM
From: Johannes Pilch	Read Replies (1) \| Respond to of 769670

We should take the Democrat advice and do nothing on SS. In this way, the system will implode in twenty years, bringing about what I have wanted all along.

To: Kenneth E. Phillipps who wrote (676918)	3/25/2005 6:54:16 PM
From: d.taggart	Read Replies (1) \| Respond to of 769670

It (ss) like many dem programs is a scam and there is actually no way to save it.......medicare is worse,drug cards will break the back of the socialist programs,,,,even if the fica ss deductions go to 50% of workers income the programs are doomed.............are we readdddy to stumble,dems always keep their heads buried in the sand when America reaches these watershed moments......their desire to do to all citizens what they have doene for blacks is paramount in their quest to destroy us............................

To: Kenneth E. Phillipps who wrote (676918)	3/25/2005 11:10:34 PM
From: Peter Dierks	Respond to of 769670

Social Security is a bankrupt Ponzi Scheme. We have a solemn obligation to our senior citizens to pay them their promised benefits. It is a contract between generations. People pay into the system all their lives on the assumption they will receive those benefits. You can't just pull the carpet from beneath their feet and tell them - We are not going to pay. If you have to raise taxes to pay those benefits, so be it! We have no legal obligation to do anything with a Ponzi Scheme but arrest the perpetrators and lock them in jail. There are many fools who have invested their beliefs in Social Security. We have a moral obligation to give them something. If we do nothing in twenty years SS will implode and nothing will be paid to any but the truly destitute. Most of those who were counting on it to provide them the house on the golf course will be living in shacks instead. The best offer I have heard from any national politician has forwarded is the offer from President Bush to allow younger workers to invest some of their own funds that are currently confiscated to spend on general pork. He has suggested allowing younger workers to monetize less than one third. Once the treasury is forced to actually invest it instead of allowing politicians to spend it, we sill see some changes in government spending becoming important. Fiscal prudence such as that practiced by those not willing to retire into poverty will creep into government. We need to transition from a welfare system to an investment system. The accumulation of savings would catalyze a growth in our economy helping to grow us out of the problem caused by rampant spending in the last half century. If you wish to be respected, please show us your cancelled checks from your donations to the treasury. Those who put their money where their mouth is earn respect. My money is invested, and helping the economy grow. This is what I advocate, and not more confiscatory taxes.