![]() |
![]() |
![]() |
||||
Welcome to the GoFuckYourself.com - Adult Webmaster Forum forums. You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today! If you have any problems with the registration process or your account login, please contact us. |
![]() ![]() |
|
Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
|
Thread Tools |
![]() |
#1 |
Confirmed User
Join Date: Jul 2003
Location: Los Angeles
Posts: 2,754
|
Bush Moves to Privatize Social Security
Bush Moves to Privatize Social Security
This is good news. We all know that social security is fucked up. Mostly because of 2 reasons. 1. Social security funds are raided to fund other government projects. A private fund cannot be raided for pork projects. 2. Comparing what an individual puts into social security and what they get out, when adjusted for inflation, retirees would get a better rate of return if they put that same money into a basic checking account. I see no reason not to do this, except for those who trust the government more then they trust the private sector. So far the government has completley fucked up the retirement plan they've promised. The private sector collectively can't possibly do worse then the govenrment has. If nothing else, this would put individuals in charge of their money, rather then trusting the government to do so.
__________________
Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake." |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#2 | |
Confirmed User
Join Date: Jul 2003
Location: The Windy City
Posts: 8,403
|
Quote:
__________________
Build a Massive Traffic Network, Hands FREE, Totally Automated |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#3 |
Confirmed User
Join Date: Oct 2002
Location: "evitcepsrep ruoy egnahc"
Posts: 9,976
|
Social security has always been a ponzi scheme and will be a complete failure no matter how you work it.
Privatizing it though is not a solid choice either. If we must have it, letting the citizens run it is bad medicine for an old wound. What happens when those people who made bad choices need help? Well of course the government will step in. Real simple solution, instead of social security as it is. Give us the same program Congress, the Senate, ect. get. Trust me that is a solid program. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#4 |
Confirmed User
Join Date: May 2004
Location: San Diego, CA
Posts: 1,007
|
Sounds sweet, other than the 2 trillion dollar deficit it causes
![]()
__________________
I like ducks. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#5 |
Too lazy to set a custom title
Join Date: Apr 2004
Location: Buffalo, NY
Posts: 35,218
|
I so wish that Bush wouldn't try to mess with things he doesn't understand it's going to be decades before we are out of the financial mess he is putting us into...
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#6 |
The Demon & 12clicks
Industry Role:
Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
|
Kind of right idea. Stupid plan though.
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#7 | ||
The Demon & 12clicks
Industry Role:
Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
|
Quote:
So if grandma makwes bad choice I should have to make sure she doesn't eat dog food? Money invested in a CD at a bank will get you better returns than SS will. Quote:
|
||
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#8 |
Confirmed User
Industry Role:
Join Date: Jan 2002
Posts: 7,981
|
They did that in Sweden couple of years ago. A certain percentage is still in the government pension fund and the rest is private, for you to decide where you want to put it.
When this happened was pre-IT bubble burst, so of course shit load of people put their money in high-risk IT funds, and we all know what happened with those ![]() But it's a great way for the gov to put the responsibility in your own hands. If you end up losing money, it's not their responsibility. You're on your own. I don't like the whole thing. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#9 |
Confirmed User
Join Date: Jan 2004
Location: Uranus
Posts: 2,808
|
Socially Security is ripping off more Americans then any spammer or con artist ever did.
The only defense I hear against privatising social security is that people just aren't smart enough to manage their own money and it will all be gone before they retire -- guess what, its already gone. The US government cooks the accounting books so bad that it makes Enron look like the Vatican. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#10 | |
Confirmed User
Join Date: Oct 2002
Location: "evitcepsrep ruoy egnahc"
Posts: 9,976
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#11 |
Confirmed User
Join Date: Jul 2004
Location: Sunny Sunny Seattle
Posts: 987
|
Were all fucked
I was anyway but now all people relying on it will. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#12 | |
The Demon & 12clicks
Industry Role:
Join Date: Oct 2001
Location: SallyRand is a FAGGOT
Posts: 18,208
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#13 | |
Confirmed User
Join Date: Jul 2003
Location: Los Angeles
Posts: 2,754
|
Quote:
__________________
Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake." |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#14 | |
Confirmed User
Join Date: Jul 2003
Location: Los Angeles
Posts: 2,754
|
Quote:
__________________
Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake." |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#15 | |
Confirmed User
Industry Role:
Join Date: Jan 2002
Posts: 7,981
|
Quote:
The 100% IT mutual funds around the time when the bubble burst didn't do too well..... but they performed well for couple of years at least ;) |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#16 |
Too lazy to set a custom title
Join Date: Aug 2001
Location: portland, OR
Posts: 20,684
|
the current social security system is set up to fail. When it started most people lived to be early to mid 60's. Now the norm is mid 70's and many are living longer.
In the next 2-5 years the baby boomers will be retiring and will draw heavily on the system and it could be a situation where there is actually more going out than coming in. the constant raiding of the SS surplus over the years had crippled it. Bush himself promised to not touch it, but did and even budgets for tapping into it. I'm for privatizing it if it means that people will still have the money automatically taken out of thier checks and there is a sound plan put in place. If the people are left to take the money themselves and invest it, it will never happen. For every person that takes that extra 7-8 % (15.3% if you are self employed ) and invests it as they should, there will be 10 people that will just spend the money and not worry about it which could land us with many, many people reaching thier retirement age and having nothing to live off of and we quickly become a welfare state. It could work, something needs to be done, I just hope they really make sure they know what they are doing. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#17 | |
Confirmed User
Join Date: Oct 2002
Location: "evitcepsrep ruoy egnahc"
Posts: 9,976
|
Quote:
|
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#18 | |
Confirmed User
Join Date: Jul 2003
Location: Los Angeles
Posts: 2,754
|
Quote:
__________________
Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake." |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#19 |
Too lazy to set a custom title
Industry Role:
Join Date: Mar 2003
Location: Homeless
Posts: 62,911
|
I think that it is more of a way for Bush and his friends to make some extra cash before leaving office.
Where there is a will, there is a way.
__________________
PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME! |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#20 | |
Confirmed User
Join Date: Jul 2003
Location: Los Angeles
Posts: 2,754
|
Quote:
![]()
__________________
Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake." |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#21 | |
Confirmed User
Join Date: Jul 2003
Location: Los Angeles
Posts: 2,754
|
Quote:
__________________
Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake." |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#22 |
I'm Lenny2 Bitch
Join Date: Mar 2001
Location: On top of my soapbox
Posts: 13,449
|
The problem with privatizing social security is that the money that's collected in payroll taxes today, goes out to pay for today's retirees.
There isn't an account anywhere with your name on it....the money comes in and it goes right back out. If you take money out of that system and put it into private accounts, you may indeed get a good rate of return on that money....but the government will be 2 trillion short over the next 10 years in payments that need to be made to people who are retired now. So where do we get that money? More borrowing and deficits? Or higher payroll taxes? (Which hit the poor and middle class much harder than the upper class) I just don't see this happening.
__________________
sig too big |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#23 | |
Confirmed User
Join Date: Jul 2003
Location: Los Angeles
Posts: 2,754
|
Quote:
__________________
Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake." |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#24 |
Registered User
Join Date: Feb 2001
Location: Southern California
Posts: 29
|
At least some of the younger people may have a chance at having something!
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#25 |
Entrepreneur
Join Date: Oct 2002
Location: USA
Posts: 31,429
|
The US Government is and has been technically bankrupt if you really do the math.
But don't tell anyone. They've mastered the Ponzi scheme to perfection. ![]() ![]() ![]()
__________________
![]() from the leaders in the field at iWebmasters.com TO LOWER YOUR COSTS AND INCREASE YOUR PRODUCTION! *** *** *** *** *** *** *** *** *** *** *** *** ![]() ![]() ![]() ![]() ![]() |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#26 |
Too lazy to set a custom title
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
|
Why isolate social security?? Duh?
You not know the US has never had one trade surplus in 25 years, has a massive trade debt, is pledged up to the hilt in almost every aspect of financial life - from corps to personal. I can't actually think of even one area of manufactuing that has a trade surplus in the US with the exception of arms shipments to other countries. It is just lala land. There was a, now hidden, report from the US Treasury - the most extensive ever done which had some truths and advocated an immediate and sustained tax level of 50%. It also highlighted the fact that the real debt mean't, at that time (spring 2002), that 94% of all homes and the contents in them were owed to other nations. Clearly this has since taken a turn for the worse and probably a negative equity. And ya expect Bush to handle the economy?? He could not count the number of zeros in the 30 something trillion owing to US people in the social security fund.
__________________
XXX TLD's - Another mosquito to swat. |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#27 | |
Confirmed User
Industry Role:
Join Date: Dec 2002
Location: Phoenix, Arizona
Posts: 805
|
Quote:
![]()
__________________
I'm waiting for the Mr Fushion Fleshlight so I can wank my way back to the future! |
|
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#28 |
Join The Royal Family
Join Date: Apr 2002
Posts: 25,463
|
Yeah, letting the big banks handle the SS might be a good move but what about all the people that have been paying SS for many years? Will they just transfer it over or does it mean.........
![]()
__________________
Looking for a KICK ASS TEEN SPONSOR? Check out ROYAL CASH - THE KING OF TEEN!
Incredible webmaster tools FHGs, Morphing Blog and RSS Feeds, Embedded FLV & WMV Videos. With TOP RATIO Sites like ATMovs.com | iTeenVideo.com | TeenSexMovs.com | TeenSexMania.com |
![]() |
![]() ![]() ![]() ![]() ![]() |
![]() |
#29 |
Confirmed User
Join Date: Oct 2002
Location: Under the Rainbow
Posts: 2,731
|
The big problem with privatization is that you are paying for you fathers social security check. Once the cash stops flowing in who will pickup that bill?
|
![]() |
![]() ![]() ![]() ![]() ![]() |