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Politics : Foreign Affairs Discussion Group -- Ignore unavailable to you. Want to Upgrade?

To: TimF who wrote (262175)	4/21/2008 8:22:26 PM
From: geode00	Read Replies (1) \| Respond to of 281500

I know this administration is spending too much because it is causing massive deficits and is also spending money on a war for profit while neglecting more useful expenditures such as infrastructure and healthcare. If you think it is spending TOO MUCH, I'll ask again. How much is too much? 1%? 10%? 25%? 80%? It doesn't do any good to say it is too much when you don't know what too much is. So, you are saying that it is dumb to have people save for retirement by buying into Social Security. Really? I think it is a smart thing to have the government make the spendthrift American worker buy it. Now if it can only make itself stop stealing from it. The baby boomer generation is unique. After that big bubble will come the baby busters, then the mini boomers then the busters again, etc. By simply lifting the income ceiling on contributions and making SS a fair tax, it is funded as far as the eye can see. SS is a simple fix as long as the government stops stealing from it. Investing in the government is as close to zero risk as they come. Besides, if you want to invest SS in a properly diversified portfolio there is no need to give it to Wall Street as you can simply invest using an equation. No one wants to take even that amount of risk and there is no need to. You can still fund your own 401K or IRA or even use after tax monies and play craps with Bear Stearns' losers. The only people complaining about lifting the contribution ceiling would be those making over $90K (I think that's the limit today) and it is a small enough amount that they wouldn't care that much. You still can't manage to wrap your mind around a mandatory insurance program.