Barack makes this a good news day..

[ScribePharisee]

http://news.yahoo.com/s/ap/20080613/ap_on_el_pr/obama_social_security

One big plus in his favor as I discern my vote.

 

[bigpern23]

And he didn't even to use his AK.

 

[suburbia]

http://news.yahoo.com/s/ap/20080613/ap_on_el_pr/obama_social_security

One big plus in his favor as I discern my vote.

Until McCain/the Repubs start running ads saying Obama favors "raising taxes," while getting the working class voters to ignore the "on incomes over $250,000" part.

And yes, voters can still fall for that trick.

 

[PeteyPirate]

This is going to hit a lot of people on this board really hard.

 

[RedSmithClone]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

 

[PeteyPirate]

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?

People making $102,000 have been paying 6.2% of their entire earnings.

People making $30 million have been paying 6.2% of $102,000.

I think it's fair enough that they pay taxes on everything they make.

 

[spinning27]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

Privatizing social security would certainly be great for the financial institutions in this country.

And financial institutions have a great track record, especially recently, for being honest and straightforward with Americans. I'm sure they would never defraud people out of their retirement incomes.

 

[Baron Scicluna]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

Because, while you might do a good job investing your tax dollars, other people, who aren't as smart or as lucky as you, may end up investing their dollars in newspaper stocks, or Enron, or something to that effect.

Those people, then, will have no money toward their retirement. I guess you would prefer seeing them on the streets or starving, or end up with worse health problems, which, because they don't have their retirement money, will be coming out of your pocket. Then your taxes, will be going towards their pockets, in the form of government shelters, food stamps and hospital payments.

Wouldn't it be better that the Social Security that people pay into for their retirement help them in when they retire, rather than having to pay for another person's retirement?

 

[RedSmithClone]

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?

People making $102,000 have been paying 6.2% of their entire earnings.

People making $30 million have been paying 6.2% of $102,000.

I think it's fair enough that they pay taxes on everything they make.

Thank you.

I agree

 

[alleyallen]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

Because, while you might do a good job investing your tax dollars, other people, who aren't as smart or as lucky as you, may end up investing their dollars in newspaper stocks, or Enron, or something to that effect.

Those people, then, will have no money toward their retirement. I guess you would prefer seeing them on the streets or starving, or end up with worse health problems, which, because they don't have their retirement money, will be coming out of your pocket. Then your taxes, will be going towards their pockets, in the form of government shelters, food stamps and hospital payments.

Wouldn't it be better that the Social Security that people pay into for their retirement help them in when they retire, rather than having to pay for another person's retirement?

Like it or not, this is undoubtedly the way Social Security is going to turn. The absolute reversal in the number of companies offering pension plans and the skyrocketing number of companies putting 401 (k) plans in their place is putting more and more of the burden and responsibility for retirement funds on Americans themselves.

It saves businesses millions and, as a result, is NOT going to change. Once Social Security goes that route, it will never change back either.

 

[RedSmithClone]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

Because, while you might do a good job investing your tax dollars, other people, who aren't as smart or as lucky as you, may end up investing their dollars in newspaper stocks, or Enron, or something to that effect.

Those people, then, will have no money toward their retirement. I guess you would prefer seeing them on the streets or starving, or end up with worse health problems, which, because they don't have their retirement money, will be coming out of your pocket. Then your taxes, will be going towards their pockets, in the form of government shelters, food stamps and hospital payments.

Wouldn't it be better that the Social Security that people pay into for their retirement help them in when they retire, rather than having to pay for another person's retirement?

See the thing is, you are still trying to drill the untrue point home that this would be forced on people.

IT IS UP TO THEM IF THEY WANT TO DO THIS.

 

[RedSmithClone]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

Because, while you might do a good job investing your tax dollars, other people, who aren't as smart or as lucky as you, may end up investing their dollars in newspaper stocks, or Enron, or something to that effect.

Those people, then, will have no money toward their retirement. I guess you would prefer seeing them on the streets or starving, or end up with worse health problems, which, because they don't have their retirement money, will be coming out of your pocket. Then your taxes, will be going towards their pockets, in the form of government shelters, food stamps and hospital payments.

Wouldn't it be better that the Social Security that people pay into for their retirement help them in when they retire, rather than having to pay for another person's retirement?

Like it or not, this is undoubtedly the way Social Security is going to turn. The absolute reversal in the number of companies offering pension plans and the skyrocketing number of companies putting 401 (k) plans in their place is putting more and more of the burden and responsibility for retirement funds on Americans themselves.

It saves businesses millions and, as a result, is NOT going to change. Once Social Security goes that route, it will never change back either.

You are absolutely right. Whether you like it or not this will eventually be the way it goes in the future. And while I like the idea and some don't, it is still in an "It's up to you" phase. I want to start building my nest egg now.

Give me that option if I want it.

 

[Mizzougrad96]

And he didn't even to use his AK.

Fantastic old school rap reference for those of you too young to get it...

 

[andyouare?]

You are absolutely right. Whether you like it or not this will eventually be the way it goes in the future. And while I like the idea and some don't, it is still in an "It's up to you" phase. I want to start building my nest egg now.

Give me that option if I want it.

Even as a flaming liberal, I'm starting to like the option idea more and more. Of course, as someone noted, what's to stop people from blowing it all on lotto tickets and HDTVs?

I'd love to be putting x amount of dollars every month in an IRA or other savings account, but the little money I have left over every month after bills, etc., doesn't allow to put much of anything away.

Must meditate on this further.

 

[PeteyPirate]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

Because, while you might do a good job investing your tax dollars, other people, who aren't as smart or as lucky as you, may end up investing their dollars in newspaper stocks, or Enron, or something to that effect.

Those people, then, will have no money toward their retirement. I guess you would prefer seeing them on the streets or starving, or end up with worse health problems, which, because they don't have their retirement money, will be coming out of your pocket. Then your taxes, will be going towards their pockets, in the form of government shelters, food stamps and hospital payments.

Wouldn't it be better that the Social Security that people pay into for their retirement help them in when they retire, rather than having to pay for another person's retirement?

See the thing is, you are still trying to drill the untrue point home that this would be forced on people.

IT IS UP TO THEM IF THEY WANT TO DO THIS.

I wouldn't argue that it isn't up to them. What I would ask is, what do you do with those whose choices don't pan out and are left with nothing? It will cost money to take care of old, broke people. I'm aware that you don't believe that's your responsibility or the government's responsibility, but it is indisputably society's responsibility. So how do you solve that problem?

 

[Mizzougrad96]

Barack makes every day a good day.

He's like Jesus. Except much better.

 

[RedSmithClone]

Alright. So I have a couple questions, I'm kind of confused on.

STORY QUOTE: "The 6.2 percent payroll tax is now applied to all wages up to $102,000 a year, which covers the entire amount for most Americans. Under Obama's plan, the tax would not apply to wages between that amount and $250,000. But all annual salaries above the quarter-million-dollar amount would be taxed under his plan, Obama said."

- - - Have people making more than $250,000 not been paying this tax at all? Or is it an added 6.2 percent increase on them?


STORY QUOTE: "Obama was vague about what forms of income would be affected, saying, "We should exempt anyone making under $250,000 from this increase so that the change doesn't burden middle-class Americans." Campaign aides said the additional tax, like the current one, would apply only to wages and salaries and not to other forms of income such as investments."

- - Does he think only those making over $205,000 a year are investing in the market? Because when he says the additional tax wouldn't be applied to investing, he makes it sound as though he isn't going to raise any taxes on investors. When in fact he is aiming to raise capital gains taxes - WHICH WOULD HURT MIDDLE CLASS PEOPLE PRETTY HARD!!!


STORY QUOTE: "Obama also criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts.
"Imagine if your security now was tied up with the Dow Jones," he said, alluding to the recent slide in stock prices. "You wouldn't feel very confident about the security of your nest egg." "

- - I think everyone needs to sit back and look at this statement for what it is. A joke. I for one am very interested in investing part of MY TAX MONEY into a separate account. As someone in my early 30s I am utterly pissed off that I cannot have the option to do whatever I want with MY MONEY. This is not privatization of social security, this is offering choice. I always thought that was one of the Democrats buzz words. I guess that only applies to the killing of innocent babies. I don't need Obama or any other politician holding my hand and telling me what I should and shouldn't do with MY hard earned money. You are not my daddy. I don't want you to be my daddy. Just give me MY MONEY back and let me invest or blow it any way I see fit.
I love how this article says that "Obama criticized McCain for being open to letting taxpayers invest part of their Social Security payments in private investment accounts." As if letting us do what we want with OUR MONEY is immoral or should be mocked.

I don't care which side of the aisle you are on. If you believe in this elitist bull**** that the government knows best what to do with your money and you aren't allowed any options to invest for your future the way you want because daddy Obama is looking out for you - YOU HAVE SOME SERIOUS ISSUES!

Because, while you might do a good job investing your tax dollars, other people, who aren't as smart or as lucky as you, may end up investing their dollars in newspaper stocks, or Enron, or something to that effect.

Those people, then, will have no money toward their retirement. I guess you would prefer seeing them on the streets or starving, or end up with worse health problems, which, because they don't have their retirement money, will be coming out of your pocket. Then your taxes, will be going towards their pockets, in the form of government shelters, food stamps and hospital payments.

Wouldn't it be better that the Social Security that people pay into for their retirement help them in when they retire, rather than having to pay for another person's retirement?

See the thing is, you are still trying to drill the untrue point home that this would be forced on people.

IT IS UP TO THEM IF THEY WANT TO DO THIS.

I wouldn't argue that it isn't up to them. What I would ask is, what do you do with those whose choices don't pan out and are left with nothing? It will cost money to take care of old, broke people. I'm aware that you don't believe that's your responsibility or the government's responsibility, but it is indisputably society's responsibility. So how do you solve that problem?

Well since this McCain plan would only take a portion of what you pay into SS, you would still receive SS, probably to a lesser degree when you are older. That is if you even took this option. So these people wouldn't be totally broke as you say. And well, what do you think SS is in the first place? It's the government taking care of "old, broke people."

So I guess I'm confused as to why you think the current system will work until the end of time, and we shouldn't be trying new ways of investing instead of sitting on our hands and letting the well run dry.

 

[DemoChristian]

Nothing stops anyone from investing THEIR OWN MONEY wherever they want, Red. Set up your own IRA/401(K)/savings account/lottery-ticket-buying fund right now.
What you are prevented from doing is taking social security money out of the system, which is already underfunded anyway.
How do you make up for that? Where do the people currently drawing on it get it from if you are taking some out?

 

[Boom_70]

**** him - he's done - No chance I get on that bandwagon with policies like that.

 

[RedSmithClone]

Nothing stops anyone from investing THEIR OWN MONEY wherever they want, Red. Set up your own IRA/401(K)/savings account/lottery-ticket-buying fund right now.
What you are prevented from doing is taking social security money out of the system, which is already underfunded anyway.
How do you make up for that? Where do the people currently drawing on it get it from if you are taking some out?

Well what do you think you are trying to pull?

THIS IS THEIR OWN MONEY.

And I think as long as the SS money still being invested as is the case now will cover the benefits of the current elderly. That is if it is all used for SS instead of being diverted other places, including to help fund the war.

And you know what, you say you can invest your money now and get a personal IRA. Well you need extra money to do such a thing. My extra money for that purpose should, if I want it to, be able to come out of a portion of MY MONEY that is currently going into SS system. As far as I'm concerned, this is the only way to guarentee I'll actually be paid back when I need retirement money. The current system is bound to go broke eventually. So you tell me, which is more of a gamble. Investing in the market with some risk and a possible reward that is greater than that you would receive from SS down the road, or sit on your hands, hope the money doesn't run out and eventually get nothing as an "old, broke" person because our society outgrew the system?