Solargate

[dellinger63]

Originally Posted by Danzig

i can't help but wonder if....

The feds simply distributed the $2.6 trillion it owes to SS benefactors and privatized SS? If an employee instead of paying 6.2% in a payroll tax was able to put it into a private investment account and their employer matched it? If instead of investing in things like Solyndra, bailing out failed banks and backing up Freddie and Fannie the money was invested in stocks, selected by the investor, gold or if desired, even T-Bonds?

The answer is obvious. SS taxes are the cash cow of the government. Allowing 12.4% back into private hands is unacceptable because we have wars and useless programs and companies to invest in. The only way government will ever cut anything is if the funds are made unavailable.

Under George W. Bush the National Debt rose $4.9 trillion in 8 years. In 3 years and nine months the National Debt has risen $4.4 trillion under Obama. No fear though as if he can maintain his current pace of $203 billion a month (October’s total) he’ll top the $5 trillion mark and do in four years what took Bush eight. If he maintains his current pace and is re-elected he’s on track for a $9.7 trillion second term debt and will not only double what Bush did to the debt but triple it.


Wall Street and the 1% are the wrong targets to protest.

[Danzig]

Originally Posted by dellinger63

The feds simply distributed the $2.6 trillion it owes to SS benefactors and privatized SS? If an employee instead of paying 6.2% in a payroll tax was able to put it into a private investment account and their employer matched it? If instead of investing in things like Solyndra, bailing out failed banks and backing up Freddie and Fannie the money was invested in stocks, selected by the investor, gold or if desired, even T-Bonds?

The answer is obvious. SS taxes are the cash cow of the government. Allowing 12.4% back into private hands is unacceptable because we have wars and useless programs and companies to invest in. The only way government will ever cut anything is if the funds are made unavailable.

Under George W. Bush the National Debt rose $4.9 trillion in 8 years. In 3 years and nine months the National Debt has risen $4.4 trillion under Obama. No fear though as if he can maintain his current pace of $203 billion a month (October’s total) he’ll top the $5 trillion mark and do in four years what took Bush eight. If he maintains his current pace and is re-elected he’s on track for a $9.7 trillion second term debt and will not only double what Bush did to the debt but triple it.


Wall Street and the 1% are the wrong targets to protest.

knowing how wall street has been, and most likely will continue to be, stocks are not where i'd place money. not a mutual fund either. my pick right now would be some sort of permanent insurance fund with a reputable life insurance company. it's a guaranteed return, which you never get with stocks or funds, and most insurance offers a higher interest rate than any cd out there. another option would be an annuity, same safe investments, same guarantees on interest never dropping below a certain percentage. unless you have years to hope for a return for long term investments, stocks are off putting for many.
matter of fact, i read an article last week in the ny times that said many financial planners are also advocating permanent life insurance. where else can you get a guarantee?
ask your insurance agent to do a fund vs policy comparison if you have money in a cd. it's an eye opener.

[Riot]

Originally Posted by dellinger63

The feds simply distributed the $2.6 trillion it owes to SS benefactors and privatized SS? If an employee instead of paying 6.2% in a payroll tax was able to put it into a private investment account and their employer matched it?

You want to force private businesses to fund an employee's retirement account? What are you, a Marxist socialist libertarian?

Dell, people have been whining about privatizing social security since it's inception. That's not about helping people or making better retirement plans, that's just a talking point they feed you. It's about the Republican game plan of privatizing everything they can and getting their hands on your money (war contractors, etc).

Privatizing social security funds would be a huge financial windfall to Wall Street in management fees (automatically making the SS return on investment smaller).

And that's the only reason they want SS privatized. Get it?

For the account holders, it's a good thing Social Security has not been privatized, because the stock market would have wiped out people's retirements three times over. Look what it's done to matched-fund 401K's.

People used to have three methods of saving for retirement: personal savings (that paid 5% interest), company pension plan, and social security. Personal savings are gone, paying only 0.05% interest. Company pension plans are gone (and you're on that side, too, of eliminating those, with you being in favor of union-busting).

The only thing many have left is the success and safety of Social Security. Yes, Social Security is a massive success, and has decreased elder poverty exactly as it intended.

But you want to hand that money over to Wall Street, so they can steal that money via fees and management? BWAAAHAAAAAA !

If that plan would be successful, right now we'd be rolling in people who are privately rich, due to their Wall Street investments over the past 40 years.

Oh, wait. They've been wiped out.

And, your figure of 6.2% on "payroll tax" for Social Security is wrong. You have to eliminate the Medicare portion of that. So you want Medicare eliminated, too?

You want to go back to the massive elderly poverty and elderly illness we had before those very successful programs were instituted? That's exactly what you are proposing, in your faux Libertarian zeal to get the government out of your life. Thank goodness you and your ilk have been outvoted for the past many decades.

[dellinger63]

and the beat goes on, and the beat goes on......

Newly obtained emails released by House investigators suggest that George Kaiser, a billionaire Obama donor and chief investor in bankrupt solar panel manufacturer Solyndra, discussed the company with White House officials, directly contradicting earlier accounts

Shocked!!!

http://campaign2012.washingtonexamin...ed-solyndra-wh

Yet both Kaiser and the White House previously denied Solyndra was ever discussed in any of his 17 visits to the White House.