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Democrats support Bush's SS Plan

Democrats support Bush's SS Plan

WVA Democrats at that

http://dailymail.com/news/Don+Surber-20050512

The link requires a registration, so I am doing a cut and paste on the important part:

With their $5.5 billion pension bond proposal, Democrats in West Virginia are promising voters that Wall Street will average better than 7.5 percent returns annually for the next 30 years. Most of that money will be used to shore up the teacher pension plan.

If Wall Street is good enough for their teachers, then it should be good enough for my kids, who will face 30 percent cuts in their Social Security when they retire.

President Bush ought to visit West Virginia and endorse this pension bond plan--and double-dog-dare Sens. Bob Byrd and [Jay] Rockefeller to denounce the $5.5 billion pension bond as a "risky scheme."

So the Democrats in the home state of Robert "Sheets" Byrd not only endorse Bush's plan, they are jumping the gun and enacting it on a state level!  And all the while Sheets is making a fool of himself!

The irony is delicious!  Let us hope that the people who elected their state legislators will think twice before electing the former Klansman again!  He is making a mockery of their votes and denying them a right that the state is seeking to bestow upon them!

9,922 views 39 replies
Reply #26 Top
is important to understand the underlying causes and it is just as important that we are following effective policies that are able to counter act the underlying clauses and correct the problem. That is what we are lacking in our budget, trade, jobs and border security to sight just a few examples. This is not polls it is hard data that shows the results we have been achieving.


No what's important is that when people (myself included) come up with hard data that refutes you data...we are labeled as stupid and ignorant.
Reply #27 Top
It is important to understand the underlying causes and it is just as important that we are following effective policies that are able to counter act the underlying clauses and correct the problem.


And that's where you totally miss. You do nothing but blame Bush, nothing else. You don't take in account for any other cause, than it's the fault of Bush, even though we clearly show the difference.
Reply #28 Top
is important to understand the underlying causes and it is just as important that we are following effective policies that are able to counter act the underlying clauses and correct the problem. That is what we are lacking in our budget, trade, jobs and border security to sight just a few examples. This is not polls it is hard data that shows the results we have been achieving.


No what's important is that when people (myself included) come up with hard data that refutes you data...we are labeled as stupid and ignorant.


And here is a prime and shining example of what I'm talking about.Link

Well *col* what have you to say about this?
Reply #29 Top
Your data does not refute the data I used. That is the problem. There is no data that refutes the $2 Trillion increasesd debt. The increase in the trade deficit, the drop in Average weekly wages after inflation. The fact that 3 million people came into this country with no effective action by INS and the Border patrol. The loss of American Jobs to other countries. The fact we have committed over $ 300 Bllion in Iraq with no end in sight. Nothing you could offer changes ANY of these facts. They are the results of the policies we age following!
Reply #30 Top
Link

Show me ONE Democrat who isn't invested in the stock market. If it's a "losing proposition" as the Democrats propose, then why do they invest in it?
Reply #31 Top
The issue is NOT investment in the stock market. It is the ability of Social Sceurity to pay the benefits as promised to the baby boomers.
Reply #32 Top
col,

the benefits were promised to my generation as well. You're proposing a continuation of the "rob from the future to pay the present" mentality; I'm proposing its gradual reorganization.
Reply #33 Top
The issue is NOT investment in the stock market. It is the ability of Social Sceurity to pay the benefits as promised to the baby boomers.


WRONG answer! That is "EXACTLY" the issue of this thread! So, now answer Gid's question! Or can you?
Reply #34 Top
unless funding can be found to pay the benefits of the people who are retired; are about to retire and are too old for individual accounts, we have not solved the issue Bush is talking about. The individual accounts are for the generation AFTER the Babby Boomers. We must first fix that problem and creating individual accounts will take money away from the boomers and make that problem worse! The 2042 date after which SS can not pay 100% of the promised benefits will come much earlier if we divert trillions from the trust fund into individual accounts.
Reply #35 Top
unless funding can be found to pay the benefits of the people who are retired; are about to retire and are too old for individual accounts, we have not solved the issue Bush is talking about. The individual accounts are for the generation AFTER the Babby Boomers. We must first fix that problem and creating individual accounts will take money away from the boomers and make that problem worse! The 2042 date after which SS can not pay 100% of the promised benefits will come much earlier if we divert trillions from the trust fund into individual accounts.


This figures.... You don't have an answer for Gidieons question do you? And the reply you gave (#34) doesn't even come close.
Reply #36 Top
WTF do i bother..................
Reply #37 Top
drmiler

The answer to the question posed by Gidieons is to properly fund the current Social Security program so SS can deal with the increase in Americans created after the second world war. Once that bubble has passed, we will have a situation similar to what we have today in terms of the number of people working compared with the number of people receiving benefits. Today Social Security is actually generating a net surplus and last year it had a surplus of $156 billion. So the issue is to get past the baby boomers by adding to the trust fund. The way you get more money into the trust fund is first invest the money currently in the fund (about $1.7 Trillion)in higher-yielding investments such as equities rather than the treasury obligations the Trust Fund currently holds. Second is to increase the inflow by raising the limit of taxable income for Social Security. This is how you ensure that the system can pay my retiremeny, the baby boomers retirement and the the retirement for Gidieons generation. You don't fix SS by transferring money out of this the trust fund to create individual accounts like Bush is proposing. That is how you will be able to meet the obligations of Social Security to all generations.
Reply #38 Top
drmiler

The answer to the question posed by Gidieons is to properly fund the current Social Security program so SS can deal with the increase in Americans created after the second world war. Once that bubble has passed, we will have a situation similar to what we have today in terms of the number of people working compared with the number of people receiving benefits. Today Social Security is actually generating a net surplus and last year it had a surplus of $156 billion. So the issue is to get past the baby boomers by adding to the trust fund. The way you get more money into the trust fund is first invest the money currently in the fund (about $1.7 Trillion)in higher-yielding investments such as equities rather than the treasury obligations the Trust Fund currently holds. Second is to increase the inflow by raising the limit of taxable income for Social Security. This is how you ensure that the system can pay my retirement, the baby boomers retirement and the the retirement for Gidieons generation. You don't fix SS by transferring money out of this the trust fund to create individual accounts like Bush is proposing. That is how you will be able to meet the obligations of Social Security to all generations.


I love it!!! You finally come up with an intelligent answer to a simple question and yet you turn it around and make it GW's fault.
Reply #39 Top
Bush is dum just like his daddy and both don't know how to run a country, i dont have a problem with republicans but those two bush's are awful!!!!