Are we talking about the same thing? The Bush plan would have started with the fact that it was not to be for anyone age 55 and older. Second, the accounts were to be voluntary. So if you wanted to stick with the old model you could. Kind of like if you like you insurance you can keep it. Third, workers would be permitted to invest up to a third of the 12.4 percent payroll tax that they and their employers pay on their wages. I would love to take the money that I get taken out of my paycheck and invest it myself.
Whoops. We are off topic mod.
The down turn would have been a catastrophic depression,had SS funds been involved, beright. And we would still be looking up to see bottom. You may have been selling apples on the street corner,IF,...you had even been capable of securing 'the' tree.
If you invested in the market and kept your money invested in the market during and after the so called crash, you would have done nicely. However, if you tried to ride out the "crisis" in CD's or Money Market funds, you would have been left in the dust. The current fed policy of zero interest if starving old people who relied on the interest from CD’s and saving accounts. History shows that the market would provide for a higher retirement benefit than SS. It was easy to bash the market when it goes down but that is not history. That is like a liberal saying the ACA is good but it is the web site that isn’t. LOL
One thing we should all view with gratitude is..that the Pom Pom boy wasn't able to privatize SS. And the primary reason.....well we all witnessed the latest economic recession brought to you by the 'hand in the cookie jar' syndrome. I believe we will weather this current event nicely.
I am just surprised that so many people are surprised. The Republicans were telling all who would listen that all this stuff was going to happen. Only now is the media outraged. If they did their homework and read the law they would have known but since no one read the law, including every Democrat who voted for it, they feel betrayed. I figure they figured that Obama must have read the law since what he was saying was in his teleprompter.
Uh oh.....you're going to make a certain left leaning ideologue from Marietta very upset.
"Glenn Beck says Barack Obama knew that 50% of Americans would lose health insurance"
Pants On Fire (Politifact)
ASKNOT look again. It aint even running !!!!
In most dictionaries, misspeaking is defined as a slip of the tongue. Is it really misspeaking when the president repeats a poll-tested pledge dozens of times, often reading from prepared remarks on his teleprompter, straight into the camera? Is it really a slip of the tongue when the White House puts out videos and talking points centered on this false claim?
Just for YOU, Kendall - Here's another one I posted over at the PKB N&S. Why not tipsy over there and read it TOO?
No one that sits atop ANY of the Obama-related scandals EVER seems to be disciplined BUT, he get's rid of upper echelon military officers like he's pulling weeds. STRANGE!
Dear Kendall - Those are MY original statements that I "have to copy/paste between the Times and N&S".
What's it to you that I use that tactic to spread my opinion? Are you related to oneill?
"WE pay more for everything!"
That is true and of course it's the fault of the disorganized govt fighting within itself.
To be honest, I always wished we would cut back a little on military spending and invest (wisely) back into our own population.
That's true though it might be better if it was done regionally instead of state by state. I say that mostly because a state like Wyoming or WV might not have the proper competition like Calif. or New York would.
@asknot- I would like to add that not all nations are equal. Many of the nations that have good health care and very healthy people are considerably smaller than the US and invests more of it's wealth into its people's health care.
It stands to reason that a nation like the US with over 300 million would have a more difficult time incorporating nationalized healthcare than someone like Canada at 30 million.
Come on Kun...is it do hard to come up with original statements that you have to copy/paste between the Times and N&S?
correction; (at) all what it appears to be.
For those of you that believe the 'end game' was to provide health care coverage for those that couldn't afford it, your eyes WILL BE opened.
Their are few utilities for a government to install and begin to affect control over other areas of 'the govern ds' lives anymore than government indentured health care.
THAT is exactly why Obama doesn't appear too upset about the shortcomings involved in launching his signature legislation.
It IS NOT all what it appears to be.
OMG Asknot... Does you need a picture drawn for you to get it???
Don’t forget he killed Bin Laden. I remember all the details leaked out of the Whitehouse after that and people were saying shut up. If you want a great laugh about keeping things secret, go to youtube and search “the navy seal who shot bin laden”.
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