Suspicious-Teach8788
Lifer
- Feb 19, 2001
- 20,155
- 23
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Originally posted by: blackangst1
Originally posted by: Phokus
Originally posted by: charrison
Originally posted by: Phokus
Originally posted by: charrison
Originally posted by: Phokus
See who is more trusted if conservatives get around to eliminating social security and sticking with free market care. Even if you do gain power, you will never be able to govern as a Reaganesque conservative.
Yes lets not mod SS at all so it crashes later. Nor should we keep the things that work in our healthcare system and just rush to let the govt run everything.
For all of Bush's faults, it was good that he abandoned his SS privatization initiative. Imagine if he had succeeded, do you even understand how badly you would've lost in '08?
Do you understand that it would have affected virtually no one? No one would have been forced into and no one would have sustained any larger losses than what they did in their 401ks. SS + private account is still a good idea.
For young people SS still remains a big waste of their money.
I and a lot of others sustained fairly big losses in my 401k and i was very well diversified in the funds i chose
Whether or not the social security privatization was forced or voluntary, the democrats would've hammered the hell out of the GOP if they got away with the plan, given the dive in the stock market.
So now youre resorting to attacking the GOP on what could have been?
/boggle
I can't believe people argue this "If SS was privatized my money would be gone." When we make investments whether into mutual funds or stocks or bonds or even that 0.25% interest in our pathetic savings account, there's a risk. Social Security is a complete fraud for people like me who might retire when the system is beyond bankrupt. I suspect the only way to keep it afloat is to start reducing payouts or increasing the age eligibility for benefits. Someone's going to suffer one way or the other, and getting 1% returns on my investment is NOT my idea of a good retirement plan.
Privatizing SS is a way of allowing workers to take control of their OWN money. It was once viewed as a safety net, but without a true fund, this is just a sorry excuse for our government to collect more taxes.
But overall I would be ok if SS was a true safety net, but now it's just sucking up my own funds. Pay as you go is never a true solution. I'd be more happy if I contributed every month like my 401k into a government account where I can login and watch my funds grow. Even if I can only select what T-Bond I want to invest in I would be a bit happier.
Are we even getting a 100% payout of what we put in with SS? I mean if I'm putting in say $200k in my whole lifetime, am I getting that $200k back? Or is this another one of those I'm paying for your retirement bullshit?
