Protect Social Security
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- 46 Responses
- abizzyman0
dobs... I totally agree w/you.
but the other diff. of this country to the third world country is that there is an uncomparable economy. In the U.S. - you do have the chance to provide for yourself - your family etc. This country allows you the freedom and the opportunity - this is something I truly believe in.
I think alot of our money should really goto education. People should be taught how this economic system works (and not how to manipulate it).. but how to start their own business, or how to invest their earnings etc.
... and yes - there are always going to be those that 'by circumstances' aren't able to use the opportunites afforded many of us. There should be a plan to take care of those - but more importantly, to educate them and show them how they in turn can take care of themselves if given the right aid at the beginning.
I'm not a fan of relying on others as you probably have noticed by now. :) But there have been times where I needed the help to get to the next step and really appreciate what was done for me... but always relying on the 'next step' to be given is irresponsible. Thus, my desire for education - not mountains of my earnings being 'held' for me by the gov.
- BonSeff0
will the government guarantee against fraud or theft like FDIC does with regular banks?
or will we be totally on our own to get our asses handed to us by a few crooked individuals,
ENRON style or something.this subject is so important and so confusing
- mrdobolina0
I fail to see how it is a handout if we pay into it our entire lives. What happens to the past 17 years of withholding they have been doing on my earnings? Can I have that in one lump sum please?
- BonSeff0
i think the piont in ss was so that the prev generation pays for the next retirees. but it's a model that cant work. especially when people are having children later in life than before. there is an earning potential gap that will suck it dry. that's my theory anyway
- mrdobolina0
the retirement age will end up going higher than 65, that is one thing that can help the current system.
- BonSeff0
damn, that'll make for a lot of wal-mart greeters
- mrdobolina0
haha, well it seems only natural that if the reason why SS is problematic is because people are living longer, they should have to work longer.
- gabe0
bizzyman, i respect your strong willed idealism of some seriously hardcore self-preservation and independence, albeit a litle extreme, but not everyone is fortunate enough to be afforded the same opportunities that you may be.
the biggest flaw that i see is that investment is a RISK, not a guarantee. whereas with SS, the money will be there.
that fact aside, i don't really see how investment education is going to help the worker who can only earn minimum wage, struggling greatly to get by, living from paycheck to paycheck.
at the end of the day, what is he going to have to invest? and if there's anything at all, would it really be enough to make a difference?
- mrdobolina0
exactly, gabe.
This isnt really a jab at you biz, but why don't alot of republicans care about anyone but themselves?
- BonSeff0
maybe i should really read all this st0ck spam im getting lately
:D
- unfittoprint0
social security means social responsability here.
- vwsung18t0
so if everyone older than me died, there's no need for me to pay social security. hmm....that gives me an idea.
- Rand0
ice pick to brain pan
- Point50
I'm not really up on politics, but isn't our generations social security already getting sucked up by our grandparent's generation since the Bush Admin. has been pulling cash out of SS to fund the war? It's cool that my grandmother has money to fall back on, but will my money be there by the time I'm ready to move to Ft. Lauderdale and drive golf carts? I too think that you should only have to pay into SS if you really want to. Now that I'm in my 30's and have kids, I'm realizing how important retirement funds and life insurance are. I wish I would have learned more and started sooner, but there's no time like the present. It would be nice to keep that chunk that gets robbed out of my paychecks for SS (aka- war funds) and invest it the best way I see fit. Just hearing about the privatizing of SS makes me sick. I don't like the idea of other people making money from investing my hard earned cash when I won't be reapig the rewards of their investing as well.
- mrdobolina0
I dont think there is any argument that the SS system needs to be fixed. I am just not sure that this is the best way to do it.
- abizzyman0
i realize the idea that having your money make others money (investment banks) isn't very pleasing...
... but how many of you have checking and savings accounts? You do realize that your money is being lent on a daily basis and in turn being either reinvested or simply aquiring interest.... which is why you make interest on your simple savings - you're allowing the bank to lend your money - which makes them money... and makes YOU money. :)
... on a side note - I'm sick of the minimum wage issue... how do we get people educated to get them out of min. wage? Raising min wage will just cost everyone more money and make it worse...
- mrdobolina0
your republican is showing!
- mrdobolina0
someone has to dig the ditches, biz.
after they are done doing all of the work you need done but aren't willing to do yourself, let 'em die in the street.
- BonSeff0
i already brought up the point about the fdic guaranteeing a banks funds. its totally different from investment risks
- Point50
I realize that bizzy. I've learned alot about banking and such now that I've worked at a mortgage company for the last year, but what I was saying is that I don't like the idea that I will not be reaping any reward from the privatization of this. I'll be lucky if SS is even there for me when I need it; and when it is, will I see any benefit from it be privatized? Is the privitzation going to guarantee or provide a greater chance for me to see the fruits of my "forced" investement by the gov't?