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Shadow |
| January 28, 2012, 11:24am |
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It's pretty easy to see that this isn't going to end well no matter what path the government chooses. |
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Box A Rox |
| January 28, 2012, 12:18pm |
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What a pile of crap! Do people on this board actually buy into this BS??? His example of people who receive the "entitlements"... those who "pay little of no taxes"... Who is he talking about??? YOU! Most of us will be one of his "entitlement junkie" when we COLLECT OUR DOLLARS FROM SOCIAL SECURITY! The 'hook' of this video is the "US & THEM" premise. You are supposed to think of yourself as one of the "US" group, who is being cheated by them "THEM" group. Is there any one here who doesn't receive some of the video's ENTITLEMENT dollars? NOPE! You may not agree with where these dollars are being spent, but they are being spent on YOU! (Maybe I give this board more credit than they deserve... Maybe some on this board actually DO believe this BS.  Sad.) |
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Shadow |
| January 28, 2012, 12:52pm |
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Maybe if we had a choice we could be off the entitlement programs like Social Security and Medicare but we have no choice in the matter. The government forces people to pay into the system instead of letting them invest the same amount of money in stocks and bonds. You're forced to go on Medicare as soon as you turn 65 and also pay into the system thru your paycheck. We've paid our taxes and now are forced to take the handouts from the government. |
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CICERO |
| January 28, 2012, 12:56pm |
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Most of us will be one of his "entitlement junkie" when we COLLECT OUR DOLLARS FROM SOCIAL SECURITY!
The 'hook' of this video is the "US & THEM" premise. You are supposed to think of yourself as one of the "US" group, who is being cheated by them "THEM" group. Is there any one here who doesn't receive some of the video's ENTITLEMENT dollars? NOPE! You may not agree with where these dollars are being spent, but they are being spent on YOU!
I WASN'T AROUND WHEN SOCIAL SECURITY WAS PASSED!!! I don't want my social security because I understand that in order to get the diminished return on my investment, I either have to pay MORE NOW during my productive years to pay for my retired years. OR I will have to pay into the system LONGER and begin collecting at an older age to reduce the number of people that will even make it to the collection date. If I don't make it to 67 or 70 or whatever age, it means I gave all that money into the system and received nothing in return. Give me the 7.65% withheld in my check and let ME invest it where I want WHILE I AM ALIVE. IT IS A PONZI SCHEME!!! This is US AND THEM...It is US that realize the system has failed and want OUR money back to spend the money we earned, when and where we want - versus THEM, who want to take your money and return it to you when they think you are ready to collect, and spend it on what they tell you to spend it on. |
| A newspaper is a device for making the ignorant more ignorant and the crazy crazier. ~ H.L. Mencken Democracy is the theory that the common people know what they want, and deserve to get it good and hard. ~ H. L. Mencken The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. ~H. L. Mencken
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We've paid our taxes and now are forced to take the handouts from the government.
You are correct, it is forced dependency on Government. FDR and the other liberals convinced the uneducated immigrants of the Great Depression ear that a government security net would protect them from another Depression and give them a sense of security. The experiment has run it's course. It didn't work...It was a colossal failure...In 2008, we are worse off than 1929. And what did the Democrats do? They passed another government program in Obamacare with more promises of security. America is beginning to wake up to this reality. |
| A newspaper is a device for making the ignorant more ignorant and the crazy crazier. ~ H.L. Mencken Democracy is the theory that the common people know what they want, and deserve to get it good and hard. ~ H. L. Mencken The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. ~H. L. Mencken
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Shadow |
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There was a movement in the early 70's that wanted to let people take the exact amount of money that was paid to Social Security and invest it into stocks and bonds but the government squashed that idea in a hurry. As you pointed out Cicero the government wanted all the money to use to fund all the rest of their entitlement programs. |
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Box A Rox |
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Before SS was invented and implemented, Americans could invest in the stock market or where ever they wanted, to save for their retirement... No one forced them to pay into a system or get a diminished return. How did that work??? It didn't. Elderly Americans, ESPECIALLY ELDERLY WOMEN, lived in poverty, dependent on charity, family or friends to survive.
Those "smaller govt" addicts, who think that THEY can invest their money better than the govt can, should look to the recent Bush Economic Meltdown and consider how they would have made out if their entire retirement depended on thestock market.
Americans have always had, and still do have the opportunity to invest for their retirement. Many Americans invest in 401K's or similar tax deferred investments aimed at retirement. The Truth IS... before SS the majority of elderly Americans lived in poverty. Consider this: Without Social Security, 52.6 percent of all elderly women were below the poverty line in 1997. Social Security reduced the poverty rate for elderly women from 52.6 percent to 14.7 percent. It reduced the number of elderly poor women from 9.8 million to 2.7 million. Among elderly men, Social Security lowered the poverty rate from 40.8 percent to 8.2 percent. The program reduced the number of elderly men living in poverty from 5.5 million to 1.1 million.
With out SS, many Americans would invest for their retirement, but fail when their investments go badly or return little, especially in a poor investment climate of today. With the rash of recent investment scams many Americans would have nothing for retirement. |
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People who invested in the stock market before SS were buying stock with money they didn't have. When the market crashed and the debt was called in people went bankrupt. I have had a good deal of money invested in the market since 1970 and yes the market has crashed a few times and yes my investments crashed along with it. Every time it has crashed within 5 years my investments were back up to where they were before the crash. You don't lose any money until you sell your stocks or bonds. If I had invested my Social Security money into stocks and bonds when I first went to work I would have had over 1 million dollars to retire on. |
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Box A Rox |
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People who invested in the stock market before SS were buying stock with money they didn't have. When the market crashed and the debt was called in people went bankrupt. I have had a good deal of money invested in the market since 1970 and yes the market has crashed a few times and yes my investments crashed along with it. Every time it has crashed within 5 years my investments were back up to where they were before the crash. You don't lose any money until you sell your stocks or bonds. If I had invested my Social Security money into stocks and bonds when I first went to work I would have had over 1 million dollars to retire on.
We can only hope that Shadow's Millions are not invested in the Next Enron... or Shadow would be broke, crying, sobbing with tears in his eyes, saying "God, Oh God... why didn't I listen to Box and invest in Social Security"! No one investing in the stock market knows where the next Enron will develop... but some are willing to bet their entire retirement on it. |
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It's obvious to me you have no knowledge on how to invest Box. You never put all your eggs in one basket. A smart investor spreads their money in stocks, bonds and some in secure investments that pay interest like money markets, CD's, or other interest bearing accounts. I've been retired for over 15 years and have yet to draw any money out of my tax free accounts. In a couple of years I'll have to start taking money out every year and pay taxes on what I withdraw. If we continue down the present path that the dimwits in Congress are taking us we won't have to worry about SS because there won't be any money left to pay for it. |
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Box A Rox |
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It's obvious to me you have no knowledge on how to invest Box. You never put all your eggs in one basket. A smart investor spreads their money in stocks, bonds and some in secure investments that pay interest like money markets, CD's, or other interest bearing accounts. I've been retired for over 15 years and have yet to draw any money out of my tax free accounts. In a couple of years I'll have to start taking money out every year and pay taxes on what I withdraw. If we continue down the present path that the dimwits in Congress are taking us we won't have to worry about SS because there won't be any money left to pay for it.
So Shadow... you make my case for me. If you say that I know nothing about investing... and there are millions of Americans just like me.... then you just described the REASON FOR SOCIAL SECURITY! Americans shouldn't depend on SS for their entire retirement income, but instead it's as a base to grow their retirement investments. |
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Elderly Americans, ESPECIALLY ELDERLY WOMEN, lived in poverty, dependent on charity, family or friends to survive.
Oh MY GOD!!! I never knew this...HOW DARE THEY DEPEND OF FAMILY, FRIENDS, OR CHARITY? Jesus - that is horrific!!! I couldn't imagine such an inhospitable society. The dependence on a faceless bureaucrat is a MUCH better system. |
| A newspaper is a device for making the ignorant more ignorant and the crazy crazier. ~ H.L. Mencken Democracy is the theory that the common people know what they want, and deserve to get it good and hard. ~ H. L. Mencken The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. ~H. L. Mencken
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Box A Rox |
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Oh MY GOD!!! I never knew this...HOW DARE THEY DEPEND OF FAMILY, FRIENDS, OR CHARITY? Jesus - that is horrific!!! I couldn't imagine such an inhospitable society. The dependence on a faceless bureaucrat is a MUCH better system.
Many with out " FAMILY, FRIENDS, OR CHARITY", didn't survive. |
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The liberals say that the conservatives are stupid but we're the ones that don't depend on government to survive. I could live without my Social Security but as you point out Box there are far too many who can't. I agree that people shouldn't depend solely on Social Security but use it as a helper to retire on. I also believe that people should help themselves by getting a good education in order to obtain a decent job. |
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