Ugh....I'm just waiting to hear Bush mention privatizing Social Security

[Wetzelbill]

tonight.

Hey, it will only cost about a trillion extra dollars to do it and we have no financing that could possibly do it, but the Bushies have never met a bad idea they didn't like. Oh, so it will end SS as we know it? Fine! Charge right on ahead and do it!

I am becoming angrier every day.

This administration is the greatest danger our country has ever known.

[bryant69]

1. Actually I'd like to hear that

Because it is such an easy one to demolish right now; we all have recent memory of what the market does to retirment accounts.

Bryant
Check it out --> http://politicalcomment.blogspot.com

[papau]

2. The transition is self funding via benefit cuts to the aged - or so costly

via 10 year transition general funds needed plus funds needed for guarantees of no capital loss that they are just meat being tossed to the GOP base and not to be taken seriously.

However, our guys should run with this one.

Rove thinks that putting out the capital guarantee and transition guarantee will get votes because the media and seniors are too stupid to see that this "free benefit with no downside" has an impossible to pay expense.

I think he while he has not underestimated the media, he has underestimated the seniors on this one.

[afraid_of_the_dark]

3. Why privatize

when you can invest it in the stock market?

[olacan]

4. I wish

I was young enough to participate in this type of plan. I think over over the long haul it will pay back better than SS. Plus it as I understand previous proposals it would be transferable to via your estate.

[papau]

5. A death benefit is easy to add to SS for your estate, -equity pay back is

easy to add to SS - just let SS invest in equities.

There is no reason for this except to avoid paying back the payroll surplus that was stolen for the tax cut for the rich.

So you will hear a lot about how SS tax income will be less than benefits in 2017 and later -

as if this was not just a "so what"

When Bush stole the payroll surplus tax he left behind bonds that in effect promise a FIT increase in 2017 and later to raise the cash that will be given SS to redeem those bonds - thereby making the SS income equal the benefit outgo.

But Bush hates the idea of asking the rich to repay the money stolen.

[StClone]

6. You had that choice

You could have invested for years on your own. Social Security was never and investment plan.

[olacan]

7. You

are correct I could have but there just was not a lot of extra money while I was on active duty for 23+ years. So it would be nice to be able to put a part of what was being was going to SS and say I want this part 10>20% to go here and be invested this way. Since I have retired from the AF I have been investing on my own.