Internetworkers: http://www.ibiblio.org/internetworkers/

["Tony Spencer" <tony AT tonyspencer.com>]

The math on the current system doesn't work.  Frankly the idea of Social
Security was broken even before it was began.  Taxation has no hope of
keeping it alive.  Even if they only opened a small portion up to
privatization and even if you were so conservative that you only allowed
investment in bonds it would still be better than the current path we're on.


  

> -----Original Message-----
> From: Ian Meyer [mailto:ianmeyer AT gmail.com] 
> Sent: Tuesday, November 09, 2004 12:33 PM
> To: Internetworkers: http://www.ibiblio.org/internetworkers/
> Subject: Re: [internetworkers] Erection (morality and law)
> 
> You'll take that latter.
> 
> Ok, thats all fine and good, if it does go bust, you will still be
> able to survive.
> 
> What about the millions of americans for whom Social Security is their
> only income? What if the government had gambled with their money, and
> lost? Well I guess Wal*Mart wouldn't have any trouble hiring new
> greeters.
> 
> What we need is a return to fiscal responsibility in the federal
> government. Balanced budgets, surpluses that could have saved social
> security, they were there. Granted there have been a lot of outside
> factors, however, the current administration hasn't been fiscally
> responsible at all. Honestly, in a time if war, you can't go around
> giving out tax cuts. The math just doesn't work.
> 
> ~Ian
> 
> 
> On Tue, 9 Nov 2004 12:16:19 -0500, Tony Spencer 
> <tony AT tonyspencer.com> wrote:
> > Given the choice of nothing versus a potential for a real 
> return on a
> > *portion* of my SS investment, I'll take the latter.
> > 
> > 
> > 
> > 
> > > -----Original Message-----
> > > From: David Minton [mailto:dminton AT mindspring.com]
> > > Sent: Tuesday, November 09, 2004 12:06 PM
> > > To: InterNetWorkers
> > > Subject: Re: [internetworkers] Erection (morality and law)
> > >
> > > On 11/9/04 11:37 AM, "Tony Spencer" <tony AT tonyspencer.com> wrote:
> > >
> > > >> private school? If you would like to collect Social Security
> > > >> in retirement,
> > > >> then think again--it is the other people's kids that will be
> > > >> paying into the
> > > >> system.
> > > >>
> > > >> David
> > > >
> > > > Hahhahhahaa!  I'll collect Social Security when I retire?
> > > Lets just say its
> > > > not included in my retirement planning.  Privatize part of
> > > it and I'll feel
> > > > more comfortable adding it to my expectations.
> > >
> > > The downside being you could wind up on the street with the former
> > > millionaires whose retirement capital was invested in Enron,
> > > and the like.
> > >
> > > David
> > >
> > > ---
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> > 
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