Quote:
Originally Posted by joeydb
But, if his math is correct, it needs to be repeated that "Social Security is a loser" as an "investment".
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Then it's a good thing Social Security isn't an "investment". Duh.
Quote:
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“Imagine how long a traditional retirement or investment plan could survive if it projected investors would lose 24% of their money?”
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LOL - is this crazy loser for real? That's a totally false nonsensical statement, pretending there is supposed to be some return on the entire ongoing payings into SS in a lump sum. That's simply stupid. No, his math isn't remotely real or correct. The idiot doesn't even know how the program works. He just wants to get rid of it.
Is this subject really too hard for the average math-incapable American brain to comprehend? The very same thing has happened with Social Security over 40 times previously, it's something expected due to population variations in growth, etc., we look at short and long term welfare of the program regularly, and we will do what we have always done in the past to fix it and continue to make it the most reliable social program in the world (100% reliable) - give it a minor tweek.
The above is something expected post baby-boomers, and we'll adjust the program, as we always have previously when "the sky is falling!" was screamed by Republicans wanting to end this program. Geesh, is history being completely ignored?
Face it, Joey - Rick Perry is the candidate for those that though George Bush II was too intellectual.