"Ostrich" Congress puts head in the sand and votes for debt increase

[Riot]

Originally Posted by dellinger63

yea just keep paying in and the Fed keeps paying it out. SS does not need to be eliminated so much as protected. When a fund is supposed to have $3.6 trillion and there in actuality is NOTHING but IOU credits, there is a huge problem. Not to mention putting the entire country's retirement eggs in one basket.

You really don't have a clue about how SS works. You are confusing figures regarding local cash flow during the past two months of government deficit lock with previous social security borrowing. Yes, Dell, previous administrations have taken money out. Is it all gone? No. Is there plenty of money there to keep the fund solvent? Yes, yes there is. Is 3.6 million "gone forever"? Hell no. Only if the United States ceases to exist.

BTW there are a variety of investments that DO NOT involve the stock market and in fact a responsible portfolio changes as one ages from primarily stocks to primarily bonds.

LOL - how have portfolios with conservative investments done over the past 10 years, Dell? How have people who are within 5-10 years of retirement today been able to make up that 1/3 loss?

Answer: They have not. They've lost too much value.

You want to hand our "safety net" - not our primary private retirement funds (feel free to invest according to 1980 advice as ever you want) but the "safety net" - over to Wall Street? LOL

But again you know that and are just playing dumb to fit in Obama's wacky world. Right? Or are you that ignorant for real?

What does Obama have to do with Social Security? Geeshus, you just spout random right wing talking points and don't even make any sense. You are the perfect voter pawn for the GOP. You believe whatever they tell you, you attack whoever they distract you with when they dangle a shiny Muslim in front of your eyes, while they have taken over our government, and your money for their corporate friends.

You don't even have a clue what has just happened in Washington with this ridiculous debt "crisis" nonsense. Why is the market falling? Hint: it's not because of anything associated with "the deficit".