Question re Chimp and his determination to destroy SS

[ailsagirl]

Say whoever it is who will be voting on whether to destroy SS (the House? Senate? both?) votes overwhelmingly (or a two-thirds majority) NO. NO, you stupid moron, you CANNOT take our money away from us on another of your bogus pretexts. Can Chimp overturn that vote and go ahead with it? Or does he have to have a majority vote somewhere?

[RoeBear]

1. How do you figure

that the reforms "take our money away" it seems to me that it's giving us control of our money.

[ailsagirl]

2. Because it's a slippery slope and he's lying and saying there's

a crisis in order to facilitate it. AARP is against it. So are lots of organizations and even some Republicans.

I, for one, wish to keep things exactly as they are.

http://www.cnsnews.com/ViewPolitics.asp?Page=%5CPolitics%5Carchive%5C200412%5CPOL20041215a.html

http://www.usatoday.com/news/washington/2005-01-24-aarp-ss_x.htm

http://www.factcheck.org/article302.html

[Cobalt Violet]

3. It give Wall Street our money.

Not many people I know control Wall Street.

[RoeBear]

7. You wouldn't be 'giving' it to Wall Street

anymore than you are 'giving' your money to a bank when you make a deposit.

What I would like to see on this subject is a comparison of results; i.e. what would be the value of my retirement account if it had been that way since I got my first job versus what I would get out of social security.

[dogman]

10. If the fees charged to handle your account eat up possible earnings,

you are giving them your money. If your taking a stable fund and putting it at risk, you're giving away your money. SS is not an entitlement, it is an insurance policy. This is a hoax on the American people.

[isit2008yet]

4. Privatize SS...

Give me a freaking break. Congress is going to tell you how you can invest this "private" account. That means everyone on capital hill is going to know of a really, good company that those funds should be invested in. That means the little 2% that you and your employer is going to invest in this fund is at the mercy of of every crooked pug in office led by the most corrupt, Tom Delay. Good luck on you new private account!

[EC]

5. Here's a couple good pages on it....

Congressional Budget Office link: http://www.cbo.gov/ftpdocs/58xx/doc5822/09-22-PensionBrief.pdf , it's conclusion is that recipients will receive 20% less than at present rates...

And now that China has said they are getting away from dollars and to other forms of money, and Bush was going to get loans for 2 trillion to cover costs...where's he going to come up with the $$$$$$$'s?


http://www.socsec.org/publications.asp?pubid=503

http://www.pkarchive.org/

http://www.americanprogress.org/site/pp.asp?c=biJRJ8OVF&b=23879

[ailsagirl]

6. Back to my original question... does he have final say?

Or does anyone know at this point?

[Shrek]

8. It has to go through Congress first

If they don't pass legislation to change the system then any reform is dead in the water.

Bush can only sign or veto legislation on this matter. He can't do it via Executive Order.

On edit : removed ambiguous phrasing

[ailsagirl]

9. Thanks for the info... people, contact your representatives

I heard someone affiliated with AFLCIO talk today and he said that that if they get their hands on SS that Medicare is next, then Medical...