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Dogface, ya dun brok da code.
You also just figured out why so many politicians are opposed to the
President. Every penny that is placed in a private investment account is a
penny that those same politicians can't touch.
"Dogface" <DogFace@doghouse.com> wrote in message
news:y9aYd.27$we7.0@fe02.lga...
>
> "Paul Knudsen" <bigkahuna@jupada.com> wrote in message
> news:66n131d8mik2p24prkf956f362ejn0jljg@4ax.com...
>> On Sat, 5 Mar 2005 22:45:59 -0500, "Dogface" <DogFace@doghouse.com>
>> wrote:
>>
>> >
>> >You mean the "Social Security Trust Fund"? You mean the 3.7 TRILLION
>> >dollars that the government has looted from the people and spent instead
> of
>> >wisely investing it for the benefit of those people? The "Trust Fund"
>> >is
>> >3.7 TRILLION dollars of government IOUs that will start coming due in
> 13-20
>> >years.
>>
>> Hey, Dude, Treasury Bonds are the safest investment going. I do agree
>> that the trust funds should be invested for a higher return, though.
>
> So let me get this straight. The government taxes me and my employer
> around
> 15% combined for what is purported to be my retirement safety net. They
> then take that money and spend it. In it's place they leave IOUs for the
> money and pay "interest" far below what the money could earn elsewhere.
> Now
> where is that interest they are paying me coming from? You guessed it!
> MY
> TAXES! So they are taking my money, spending it, then taxing me to pay
> interest back to me! Then when the IOUs come due and they don't have
> enough
> to pay them, they raise my taxes. Again, taking more of my money, to
> repay
> money that I already paid in!
>
> If anybody else ran this sort of shell game, the government would lock
> them
> up. Companies with pension plans are regulated by ERISA laws that require
> them to fund the pension funds. If the same regulations were applied to
> the
> Social Security "Trust Fund", the jails would be full of politicians which
> would probably be the only way of stopping them from stealing our money.
>
> The Social Security system isn't a "Pay as You Go" system, it's a "Steal
> as
> You Pay" system. And that by any measure is BROKEN.
>
>
Dogface, ya dun brok da code.
You also just figured out why so many politicians are opposed to the
President. Every penny that is placed in a private investment account is a
penny that those same politicians can't touch.
"Dogface" <DogFace@doghouse.com> wrote in message
news:y9aYd.27$we7.0@fe02.lga...
>
> "Paul Knudsen" <bigkahuna@jupada.com> wrote in message
> news:66n131d8mik2p24prkf956f362ejn0jljg@4ax.com...
>> On Sat, 5 Mar 2005 22:45:59 -0500, "Dogface" <DogFace@doghouse.com>
>> wrote:
>>
>> >
>> >You mean the "Social Security Trust Fund"? You mean the 3.7 TRILLION
>> >dollars that the government has looted from the people and spent instead
> of
>> >wisely investing it for the benefit of those people? The "Trust Fund"
>> >is
>> >3.7 TRILLION dollars of government IOUs that will start coming due in
> 13-20
>> >years.
>>
>> Hey, Dude, Treasury Bonds are the safest investment going. I do agree
>> that the trust funds should be invested for a higher return, though.
>
> So let me get this straight. The government taxes me and my employer
> around
> 15% combined for what is purported to be my retirement safety net. They
> then take that money and spend it. In it's place they leave IOUs for the
> money and pay "interest" far below what the money could earn elsewhere.
> Now
> where is that interest they are paying me coming from? You guessed it!
> MY
> TAXES! So they are taking my money, spending it, then taxing me to pay
> interest back to me! Then when the IOUs come due and they don't have
> enough
> to pay them, they raise my taxes. Again, taking more of my money, to
> repay
> money that I already paid in!
>
> If anybody else ran this sort of shell game, the government would lock
> them
> up. Companies with pension plans are regulated by ERISA laws that require
> them to fund the pension funds. If the same regulations were applied to
> the
> Social Security "Trust Fund", the jails would be full of politicians which
> would probably be the only way of stopping them from stealing our money.
>
> The Social Security system isn't a "Pay as You Go" system, it's a "Steal
> as
> You Pay" system. And that by any measure is BROKEN.
>
>