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Just wondering how his stupid *****ing lockbox is doing while the "risky stock market" soars upwards to heights never seen before. Thanks for encouraging the country to keep social security money "safe" while scaring Americans out of actually growing the money you nitwit.
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Just wondering how his stupid *****ing lockbox is doing while the "risky stock market" soars upwards to heights never seen before. Thanks for encouraging the country to keep social security money "safe" while scaring Americans out of actually growing the money you nitwit.
Al Gore is a total fruitcake. We will see him committed to "celebrity rehab" one of these days, I'm afraid.
The lock box concept was about spending social security tax revenues on social security expenses as opposed to say spending social security tax revenues on some stupid war half way around the world or to give some billionaire another tax cut. It wasn't implemented, as anyone with 1/2 a brain knows, since the wrong guy won in 2000.
The lock box concept was about spending social security tax revenues on social security expenses as opposed to say spending social security tax revenues on some stupid war half way around the world or to give some billionaire another tax cut. It wasn't implemented, as anyone with 1/2 a brain knows, since the wrong guy won in 2000.
All the liberals can do around here is insult people with comments like 1/2 a brain.
The lockbox was equivalent to putting money under the mattress instead of investing it. My heart aches at how much money we lose by putting social security under the mattress.
All the liberals can do around here is insult people with comments like 1/2 a brain.
Or saying they suck? I seem to remember someone around here just recently saying someone else sucked. Must have been another evil lefty.
Quote:
Originally Posted by BelichickFan
The lockbox was equivalent to putting money under the mattress instead of investing it.
No it had nothing to do with the shrub's harebrained scheme to hand out giant managing fees to his sleazebag friends in the investor class. It was strictly about NOT putting social security revenues into the general fund.
Quote:
Originally Posted by BelichickFan
My heart aches at how much money we lose by putting social security under the mattress.
You'd have to have a heart for it to ache. Your words here have proven time and again you couldn't give a rat's azz about anyone else.
No it had nothing to do with the shrub's harebrained scheme to hand out giant managing fees to his sleazebag friends in the investor class. It was strictly about NOT putting social security revenues into the general fund.
Read this, he's talking about the lockbox (no SS to the stock market) vs. Bush's very small proivatization plan. When he talks about a diversion of 1 out of 6 dollars he's talking about not investing it, not using it for the general fund :
"Q: What is your Social Security plan?
GORE: I will keep it in a lockbox. The interest savings, I would put right back into it. That extends the life for 55 years. I am opposed to a plan that diverts 1 out of every 6 dollars away from the Trust Fund. It would go bankrupt within this generation.
BUSH: We want to allow younger workers to take some of their own money & put it in safe investments so that $1 trillion grows to $3 trillion. The money stays within the system.
GORE: I give a new incentive for younger workers to invest their own money. My plan is “Social Security Plus.” The governor’s plan is “Social Security Minus.” Your future benefits would be cut by the amount that’s diverted into the stock market. And if you make bad investments, that’s too bad."
No it had nothing to do with the shrub's harebrained scheme to hand out giant managing fees to his sleazebag friends in the investor class.
One last thing, this is a ridiculous comment. Bush's plan was based solely on indexed funds, there's very little management effort or fees in indexed funds. And quit talking about "the investor class", whether it's owning a company (few), having a mutual fund or two (more), having an IRA/Roth IRA (even more) or having a 401K (huge percentage, couldn't find exact number), the vast majority of Americans are in the "investor class" one way or another.
small fees eh? Just like that small risk associated with de-regulating the banking industry? or the few billion dollars we'd spend in Iraq before they'd take over the costs?
You can try and smash the two together as much as you like but Gore's lock box idea was strictly about spending the money collected for Social Security on Social Security, which is exactly what we're not doing right now. Every month the treasury takes in MORE money in withholding than it spends out on SS checks. That extra money should be held in reserve in an interest bearing, 100% safe, bank account. It isn't, its all being thrown into a bottomless pit in the middle east.
small fees eh? Just like that small risk associated with de-regulating the banking industry? or the few billion dollars we'd spend in Iraq before they'd take over the costs?
You can try and smash the two together as much as you like but Gore's lock box idea was strictly about spending the money collected for Social Security on Social Security, which is exactly what we're not doing right now. Every month the treasury takes in MORE money in withholding than it spends out on SS checks. That extra money should be held in reserve in an interest bearing, 100% safe, bank account. It isn't, its all being thrown into a bottomless pit in the middle east.
Well I don't agree with you and think it's laughable that a Liberal, again, turns a thread into a War issue but the question I was asking was :
So how is the anti partial privatization of SS doing, anyhow ? (we'll just agree to disagree on the lockbox terminology).
So How is Gore's Lockbox Doing Anyway ?
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