I think now would be the appropriate time for all you screeching Republicans to turn to the Democrat beside you and express your appreciation.
Wow - slow learners.
This is simply amazing to me. That there are apparently people out there who haven't learned one single thing from the Wall Street Catastrophe.
HINT: Social Security is a safety net. Solid, stable, reliable. It's not supposed to be your "retirement package."
You want to gamble with Wall Street investments, nobody's stopping you.
To daddio - Oh, my yes. I will certainly "thank a Democrat" that Social Security is still solvent, and WILL BE for many years to come.
I know this may be absolutely impossible for you to understand, but there are MILLIONS of people whose only income past a certain age is Social Security. It is NOT to be gambled with.
As for "blaming a Democrat" for spending it, gimme a freaking BREAK.
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9 responses so far ↓
1 alphabetsoup2 // Oct 1, 2008
Actually, on the balance, American stock markets have risen steadily, when measured in 10, 15, 20, and 30, year averages for any index.
2 Big Kahuna // Oct 1, 2008
If the Social security money had been invested in the Dow Jones Industrials when it was at 1000, it would still be a lot better than the way it has been handled.
3 todbod // Oct 1, 2008
If you knew anything about what you were asking, you would be appreciating it and buying stocks in this fire sale!
4 Ed // Oct 1, 2008
Must sound pretty good didn’t you hear how this morning the FED just invested 30 billion dollars in overseas markets. They want 700 billion more to feed their gambling habit. You better call your congressman to fight this bailout package. Gambling habits are hard to break.
5 Bham G // Oct 1, 2008
I’ll take investing the money in Wall Street and the long term prospects over FDR’s Ponzi Scheme any day. Give me my damn money and let me invest as I see fit because the Ponzi scheme in place will be bankrupt by the time I’m eligible. Trying to fix Social Security by throwing more money into it is like trying to seal a hole in a sinking ocean liner with chewing gum.
6 daddio // Oct 1, 2008
you are SO mistaken…….
social security is anything BUT "solid, stable, reliable"….
it's part of the general operating fund, did you know that? thank a democrat for that.
did you know, it used to be a VOLUNTARY deduction from your earnings? thank a democrat that it is now compulsory.
did you know benefits used to be non-taxable? thank a democrat, specifically al gore who broke a 50/50 tie in the senate along exact party lines…
oh, hell yes, it would be better in the market!!!!
EDIT:hey stella, the morons behind the desks are all democrats-did you know that?
7 StellaStar // Oct 1, 2008
I can’t fathom the level of denial about this amongst Republican voters. they really are convinced that this is just a glitch! A hiccup in the market. A minor set back!
WTF???
The US economy is on the brink of collapse. This bailout is bullsh***t because it comes with no checks and balances and all the same morons are still behind the desks the money will be moving across!!
Added to that is the fact that your financial market is still massively under regulated and under investigated and you are up to your a@@es in a war that is turning out to be the most expensive and the least successful in your history.
You are already in debt to China for squillions. You manufacture nothing because the pricks in charge all moved your own manufacturing jobs south of the border and your working class already live on the brink of destitution because your minimum wage is $6.55 an hour.
Thank F**ck you trust in God.
You’re gonna need Him!!
8 chris h // Oct 1, 2008
You raise some great points and seem to have brought out some posters who are confused about Social Security.
1) Social Security is probably the healthiest retirement product in the world right now. A lot of the European countries (who btw have darned good pension products) look at the system with envy. No corporate product is presently as healthy as SS. Social security stopped being pay as you go under Carter and Reagan, withholding rates were adjusted to start accounting for changing demographics associated with the Baby Boomers. We have very low administrative costs as well.
2) The part that scared the Bush crowd and gave them the impetus to try and convince us to let them turn the assets over to their friends on Wall Street, is the fact that Bush has been using this money to fund his tax cuts for the rich. Once SS starts drawing down more $ than is presently being put in (i.e pulling out the funds WE paid in to supplement our own retirement) People will realize that Bushco has been stealing our retirement $ This is probably the largest redistribution of wealth in the countries history.
9 Beamer // Oct 1, 2008
“actually on balance American stock markets have steadily risen…..” Yeah? Well it’s not rising now!! Stop denying reality just because reality is hard to look at.The economy is in the can!!
The people gettingthis money have already lost billions. Who is to say they won’t lose this too? Where does it end?? How many bailouts will there be before they get some decent regulation an the finance markets in this country???
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