Official State of the Union Thread

[Cashizslick]

Originally posted by Battle Pope@Feb 4 2005, 11:41 AM
What do you want to do? Trust the goverment's irresponsible spending habits to provide you with "guaranteed retirement", or take your retirement into your own hands and possibly have money to live on when you're 65?

[post=456338]Quoted post[/post]​

See, most people that hate this plan hate it for 2 resons.
1.) They have no knowledge of how things like investment, the economy, and govt. spending work

2.) or, they just hate bush so much that even if this plan was for him to resign right now, they would still be against it.

Malt's views support the first point. You would have to be a fool to lose all of your money with a private account. Buying Govt bonds (higher rated than "AAA" bonds) or putting ur money into the bank is the best choice for the risk averse or those who dont know anything about investment.

lol, on the other hand, B's views support my second point, but dont quote me on that .

 

[Battle Pope]

Originally posted by Cashizslick+Feb 4 2005, 09:55 AM-->

Battle Pope

@Feb 4 2005, 11:41 AM
What do you want to do? Trust the goverment's irresponsible spending habits to provide you with "guaranteed retirement", or take your retirement into your own hands and possibly have money to live on when you're 65?

[post=456338]Quoted post[/post]​

See, most people that hate this plan hate it for 2 resons.
1.) They have no knowledge of how things like investment, the economy, and govt. spending work

2.) or, they just hate bush so much that even if this plan was for him to resign right now, they would still be against it.

Malt's views support the first point. You would have to be a fool to lose all of your money with a private account. Buying Govt bonds (higher rated than "AAA" bonds) or putting ur money into the bank is the best choice for the risk averse or those who dont know anything about investment.

lol, on the other hand, B's views support my second point, but dont quote me on that .

[post=456348]Quoted post[/post]​

I don't know how you took my post, there, but I firmly agree that as of right now the "personal accounts" plan is probably the best. I certainly haven't seen anyone else step up to the plate with a proposal.

Bush might have overseen the spending of most of the money in the SS fund, but I will say that at least he's got some sort of idea of how to keep people going into retirement.

It's a very bold move, proposing personal financial responsibility after all these years of guaranteed SS money. I can see where a lot of people would see it as, "Bush spent all our retirement money and now he's pushing it back on us to fend for ourselves!"

 

[DarkHand]

You know what, screw all this crap and lets put the Darwin party in power ahead of schedule.

 

[Battle Pope]

You're awful proud of that there image, ain'tcha chief?

 

[dveit]

Great pic.

 

[DarkHand]

Originally posted by Battle Pope@Feb 4 2005, 11:28 AM
You're awful proud of that there image, ain'tcha chief?

[post=456395]Quoted post[/post]​

I'm proud of the party! I honestly like alot of B's views.











...and I like to show off the image, yeah.

 

[OldEMaltLiQuoR]

Originally posted by Cashizslick@Feb 4 2005, 11:55 AM

See, most people that hate this plan hate it for 2 resons.
1.) They have no knowledge of how things like investment, the economy, and govt. spending work

2.) or, they just hate bush so much that even if this plan was for him to resign right now, they would still be against it.

Malt's views support the first point. You would have to be a fool to lose all of your money with a private account. Buying Govt bonds (higher rated than "AAA" bonds) or putting ur money into the bank is the best choice for the risk averse or those who dont know anything about investment.

[post=456348]Quoted post[/post]​

I'm not gonna claim to understand economics. I work w/ computers for that reason. But i think i have a decent understanding of investments.

I dunno, maybe i don't have faith in people my age being able to make the right decisions. I don't have to worry about my self, i have a 401(k) & a variable life insureance policy.
It just doesn't sit right w/ me. I mean FDR came up w/ the whole thing to help people after they retired to live comfortably. And now look @ what we have. I just think it would be better gov't policy to raise the taxable limit for SS. There are so many Americans that make more than $90K a year.

I will say that I'm glad that people on this forum are actually talking about this issue. I didn't think it was one that would be popularly discussed (not like the cocksucker post) on this board.

 

[Battle Pope]

FDR's reasons were just and valid and probably a good decision. The problem is, the government keeps spending. Especially this administration. Bush originally said that he wasn't going to take any of the SS fund. So what did he do? Yep.

 

[DarkHand]

Originally posted by OldEMaltLiQuoR@Feb 4 2005, 12:49 PM
I will say that I'm glad that people on this forum are actually talking about this issue. I didn't think it was one that would be popularly discussed (not like the cocksucker post) on this board.

That's what's neat about Hondaswap... talk about cars and then have a huge political debate that dosen't devolve into namecalling.

 

[Cashizslick]

Originally posted by OldEMaltLiQuoR+Feb 4 2005, 01:49 PM-->

I dunno, maybe i don't have faith in people my age being able to make the right decisions.

[post=456452]Quoted post[/post]​

Thats the beauty of having your own personal account - that way, you wont have to rely on anybody else to provide for your future.

Also, the private account policy does not take ALL the old SS money, but merely would allow for some of it to be invested in a private account. . . . so morons who screw up might still get something.

OldEMaltLiQuoR@Feb 4 2005, 01:49 PM
I just think it would be better gov't policy to raise the taxable limit for SS. There are so many Americans that make more than $90K a year.

[post=456452]Quoted post[/post]​

Thats not really fair is it? To make a policy that steals from the rich to give to the poor.
Poor people dont pay anything in taxes anyways - besides, the Govt can already take up to 60% of your income depending on how much you make.

**** This just underscores one more argument for Personal Accounts ****

If rich people put more into the system (which they do now), they deserve to get more back right? Our current SS system is socialistic in that it gives the same ammount of money to everybody elidgeable for it. Basically, this means that Bill gates will get the same monthly payment as the crack whore down the street . . . . .

 

[VTEC_CBR]

Originally posted by DarkHand+Feb 4 2005, 02:00 PM-->

OldEMaltLiQuoR

@Feb 4 2005, 12:49 PM
I will say that I'm glad that people on this forum are actually talking about this issue.  I didn't think it was one that would be popularly discussed (not like the cocksucker post) on this board.

That's what's neat about Hondaswap... talk about cars and then have a huge political debate that dosen't devolve into namecalling.

[post=456464]Quoted post[/post]​

speak for yourself cockface. jk