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| Elections Discuss Scaring Seniors at the Political Forums; Scaring Seniors An Obama-Biden ad says McCain supports "cutting benefits in half" for Social Security recipients. False! Summary A new ... |
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09-21-2008, 10:46 PM
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Scaring Seniors
Scaring Seniors
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 As a side note, I found this passage terribly pathetic...This shows hows sad ads can be when it comes to "outsourcing" facts...  Quote:
Obama uses one of his OWN ADVISERS as a source for the public to believe...and doesn't even get THAT right!...  
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"You get the respect that you give" - cnredd 
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09-21-2008, 10:58 PM
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Re: Scaring Seniors
McCain would privatize Social Security. What would have happened this week if that had already been done?
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 ________________________________________ Salty THANKSGIVING MENUS AND TIPS A GREAT PLACE TO SHOP
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09-21-2008, 11:13 PM
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Re: Scaring Seniors
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ONCE AGAIN.... Bush's plan for privitazing A SMALL PART of Social Security (another fear tactic being used is that it exchanges Social Security for stocks - which is FALSE) are for those born AFTER 1950... And since NO ONE is a senior citizen right now born AFTER 1950 (58 year olds are not senior citizens)...then that means that NO ONE would've had their Social Security impacting their checks with "what happened this week"... NO ONE...ZIP...ZILCH...NADA....
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"You get the respect that you give" - cnredd
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09-21-2008, 11:44 PM
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Re: Scaring Seniors
And Social Security privatization is a moot argument anyway. The congress and Washington have been robbing it blind for years and now with the economic crises, it's sure to be on the blood letting list once again.
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________________________________________ Salty THANKSGIVING MENUS AND TIPS A GREAT PLACE TO SHOP
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09-22-2008, 03:15 AM
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Re: Scaring Seniors
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Right?...
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"You get the respect that you give" - cnredd
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09-22-2008, 03:25 AM
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Re: Scaring Seniors
Salty wins the point. Social Security is suppose to help retirees regardless of the market. There ain't enough money blowing out of Bush's butt for that.
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Talking about music is like dancing about architecture
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09-22-2008, 03:38 AM
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Re: Scaring Seniors
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EVERY (That's right...I said "EVERY") 5 year and/or 10 year period you'd like to choose from the introduction of Social Security on has had a HIGHER rate of return than Social Security's measly 2%... In EVERY case putting a small percentage of your money into the stocks instead of giving it to the government for them to create IOUs has GAINED more money than just putting it into Social Security as is MANDATED...
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"You get the respect that you give" - cnredd
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09-22-2008, 06:01 AM
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Re: Scaring Seniors
Quote:
You made me spit out my cigarette.
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________________________________________ Salty THANKSGIVING MENUS AND TIPS A GREAT PLACE TO SHOP
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09-22-2008, 06:11 AM
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Re: Scaring Seniors
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Besides, there was mention of how to handle it. Put it in a portfolio handled by some financial entity is one point that hits pragmatic seniors like a scam. And even if a person could manage their own stock preferences, you over look some of the reasons for Social Security in the first place. That is many people can't put back a lot of savings and others won't. Stock markets are risky business for the little guy to handle and he doesn't trust handing the responsibility over. Maybe when you get to be 65 and say you (hope not) had a catastrophe or economic down turn for your savings, and you are soley depending on that little check and medicare that they took out all these years-you make that decision. Baby boomers moms and grandpas lived through the depression and some of that generation is with us still. We are not as trusting.
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________________________________________ Salty THANKSGIVING MENUS AND TIPS A GREAT PLACE TO SHOP Last edited by saltwn; 09-22-2008 at 06:12 AM. Reason: spl
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09-22-2008, 10:36 AM
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Re: Scaring Seniors
Even the lowest risk/return investments return better than the lousy ~2% that SS returns. I can put my money into a passbook savings account @3.25% today and do better than that. And that's federally insured money. Ultra-low risk investments run between 3-4% and that's substantially better than what SS is returning right now. Limit where people can invest the money to ultra-low risk stocks and you'd be outperforming SS, giving people a MORE secure retirement, you'd be taking the money out of the control of the Feds. and taking away a way for them to spend money they don't really have, and you'd be putting money into the private sector where it can grow the economy, instead of the Fed. debt.
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~ ~ ~ Our nation has not always lived up to its ideals, yet those ideals have never ceased to guide us. They expose our flaws, and lead us to mend them. We are the beneficiaries of the work of the generations before us and it is each generation's responsibility to continue that work. - Laura Bush God is a conservative - Ecclesiastes 10:2--"A wise man's heart inclines him to the right, but a fool's heart to the left."
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