the Democrats did that a long time ago when the Democrats put social security into the general fund. will you remember that at election time?
2006-07-03 15:21:30
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answer #1
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answered by biggun4570 4
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Actually, as much as I hate George Bush, I believe that the privatization of social security may be a good idea, if done correctly. People will have MORE money when they retire and depend less on the government. If a person starts an investment plan at the age of 33, working a run of the muck job, they could have a nice buck stashed away come retirement. Honestly, the real issue that needs to be addressed is the welfare situation. The governments budget could be cut by BILLIONS if they could get a handle on welfare. That is, assuming, the Chinese dont bootleg their way to the top before its over.
-J.
2006-07-03 15:15:15
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answer #2
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answered by Jason 4
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Yes the world was Shangralia before President Bush....I can not believe that you and your type are so totally uninformed...I bet you want to vote for Hillary....Just to set you straight, If the damned Democrats would have left Social Security alone to be used as designed and had not kept dipping into the well for more and more welfare programs there would be enough there for all of us whom have paid for it. I can just imagine that you have probably put all of a $1.28 in the social security system. Secondly, idiot, privatization would put some of the money in the hands of banks instead of politicians. Banks are professionals at handling money. Politicians are also professionals at handling money. The difference is that politicians only know about handling it for their own interest and forget about the people who put the money in their hands. If you don't like the system, run for office. I am sure there are a couple more idiots than you out there. Maybe they will vote for you and you can send George W. Bush into exile and the world will be whole again.
2006-07-03 15:27:19
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answer #3
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answered by Anonymous
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hahahahahahaha. When was the last time you heard anyone bring up Social Security? It's currently dead.
And by the way, as it stands now you are already screwed out of your Social Security. It's not going to be there in another 40 years. So something has to be done soon to fix it.
I say close the whole program, end the tax, and refund the current balance in the form of a tax cut. The government has no business providing everyone retirement accounts.
2006-07-03 15:16:18
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answer #4
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answered by Anonymous
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You are certainly entitled to your opinion, but I don't think any certain politician screwed up social security. It is simply going to be in trouble because of an aging population and a smaller work force.
Social security actually collects more money than it distributes each year. The extra money collected is borrowed by the U.S. treasury who in turn issue treasury bonds to Social Security. By 2017 it is estimated that enough people will be on social security that it will not take in as much as it distributes. At this point they will have to cash in the treasury bonds to make up the difference. By 2040 these treasury bonds will be depleted and benefits will have to be cut by at least 25%.
The problem was not created by a politician, it is just a matter of a large number of retirees coming up (baby boomers), and the fact that we are living much longer (thus people receive more benefits over time than they used to.) As morbid as it sounds when someone dies there is one less person receiving social security.
Even though the problem took years to happen, it will have to be solved in the political arena. I personally would like to see more information on the privitized plan (which from my understanding would be a choice - you would not be guaranteed as much money, but you would have the potential to earn much more-similar to a 401k.) I don't know if this would work, but it would be interesting to see the different approaches people propose.
This problem doesn't have to be fixed today, but the longer we delay the harder it will be to fix. If this is a key issue to you, then I suggest you read up on it as much as you can and listen to what the candidates propose. Crunch the numbers yourself and see who best meets your needs.
I think people need to listen to the issues more and inform yourself by reading up and contact your elected officials and ask for information. We all (including mysef) have too much hatred for "the other party," and don't truly listen to what the other side is saying. We are never going to accomplish anything the way were are going.
2006-07-03 18:52:45
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answer #5
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answered by goober 2
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Not sure if any one remembers things these politicians do and I wish they would.
What happened to the kind of real Americans we had during the forming of this Great Country they were very patriotic. Now we have to fight and beg to get them to vote. Now it get hard to tell the difference. I personally did not like the way President Clinton treated the Office when it comes to the lien under oath But He did a lot for the Country. We need someone in office that will protect our Country inside and out that will Protect our Social Security and not give it to illegal immigrants or any other person that dose not deserve it or did not pay into it.
We need to remember and get out and vote
I just want a President that will put America First
2006-07-03 15:32:00
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answer #6
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answered by AMERICA FIRST 2
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I cant agree with you more. It's gonna take decades to undo the harm that the Bush and the Republican controlled Congress have done. However, I dont think Americans will remember that during election time. I think Republicans will still control both the Senate and House,and the Presidency is up for grabs. Why do I say this? Because Americans are really really really really really stupid.....
2006-07-03 15:16:39
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answer #7
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answered by badboy 1
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Actually, the Republicans want nothing of the sort. The major issue is the proposed private accounts. Using data from the Social Security and Dow-Jones web sites, I compared my present Social Security benefits with what I would have had given the totally mindless scheme of using the tax money each year to buy the Dow-Jones Industrials instead. The results:
- Present social security -- worth $230,000.
- Stocks - worth $870,000.
The way I see it, FDR screwed me out of two-thirds of a million bucks. Social Security in its present form is often justified by its proponents as insurance, absolutely safe and guaranteed. It is not safe, as any actuary can tell you. Nor is it guaranteed, as courts have repeatedly held. And as insurance, it sucks: would you buy a house for $230,000 if the insurance for it was going to cost $640,000?
2006-07-03 21:42:47
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answer #8
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answered by Anonymous
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The only thing that will matter is the economy. If it collapses before the election, then Republicrats will be out and another lying Demoplican will be in. If it doesn't, then the Republicrats will stay while it collapses after the election. Either way, collapse is coming because of our debts and promises which we can't ever produce enough to pay for.
Start learning Chinese.
2006-07-03 15:16:00
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answer #9
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answered by auntiegrav 6
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American people are not too bright. They probably won't think of that election time. They will just say at least Bush can't get elected again. But, they aren't smart enough to know that other republicans are just like him. If the Democrats could get their act together than they could take back the white house, but they can't. So we are just going to repeat the cycle.
2006-07-03 15:16:42
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answer #10
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answered by Meredyth 2
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Wow, 'in person-friendly words' round 4 trillion. that's only much better.... Social safe practices is a ponzi scheme that for the period of person-friendly words works see you later because the inhabitants expands and/or the tax costs flow up. both were happening for the era of that is historic previous. It /could/ fall down eventually, both fiscally (if the regressive SS tax isn't raised or if inhabitants stabilizes), or with something else of society, as tax costs change into sufficiently confiscatory to topple the economy, or inhabitants boom outstrips what organic resources can help.
2016-10-14 02:30:02
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answer #11
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answered by valderrama 4
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