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Talk about hitting the nail on the head.
I constantly wonder when and if those working now will figure out what a rip off SS truly is for them. Even with the stock market fall, SS still takes the cake as absolute worst retirement investment one could make.
For a real life cartoon try this:
Suggest SS privatization to an Obama supporter.
Wait a few moments as they go on about how horrible it would be, how people would have lost everything with the recession.
Ask them if this then means that the economy is horrendous under Obama and shows no signs of getting better.
Wait a few moments for the Obama supporter to talk up the economy, how the stock market is doing great.
Its a great party game.
Last Thanksgiving I tried it with a betting pool. Everyone picks a square for how many iterations it will take for the Obama supporter to realize that you can’t claim the stock market is a horrible risk with the guaranteed loss of SS being better, while at the same time claiming that in the middle of a bad recession the stock market is doing really great.
I love it. Exactly what is happening. Tea Party geezers telling their grandkids to pay up, yet willing to elect politicians who will cut SSI for the grandkids. Is Catalyst becoming liberal?
Sure Rupert, lets “privitize.” By all means. lets start by handing every current SSI recipient a check for all they paid in plus interest and tell them to invest or spend it how they see fit. Run on that platform. No more Tea Party.
Did your parents have any children that lived?
>Sure Rupert, lets “privitize.” By all means. lets start by handing every current SSI recipient a check for all they paid in plus interest and tell them to invest or spend it how they see fit. Run on that platform. No more Tea Party.
Off your meds again?
Its kind of like a mental regurgitation of a random number generator where a string of incoherant thoughts and utterances is sporadically vomited out bearing no relation to anything anyone said or semblance of rationality.
Let me give it a whirl:
Green peas make soup kitchen and bath tile showroom employs retail staff and has a lighting bill to generate electricity resulting in power stations and dead salmon so Indian tribes have both fishing rights and casinos but sometimes I win at poker with a lot of chips so in the end Doritos are better.
Its putting your idea to the test. You claim that privatizing SSI and turning all retirement funding over to Wall Street gamblers is a great idea, but Obama supporters are stopping you. I’m suggesting that its your own Tea Party Geezers who will stop you in your tracks. So go sell it to them first, then come and talk to us.
As for the rest, its the most coherent thing you have written in a long time. But keep working at it. Practice makes putrid.
Yeah, it’s a great idea.
If all the money I had put into SS had gained in value at the rate of the DJ I would have had TWICE the retirement income when the DJ was at it’s lowest point last year. Today I’d have THREE times the amount. If all the money I and my employers had put into SS on my behalf had gained in value at the rate of the DJ I would have had FOUR TIMES the retirement income when the DJ was at it’s lowest point last year. Today I’d have SIX times the amount.
On what planet would most people put 100% of their retirement investment in the casino otherwise known as the stock market?
A mixed portfolio investment, with higher risk early and lower risk over time, the balance shifting towards bonds, which is the norm for IRAs, produces returns at or below what SSI pays given the annual COLA. And guess what? SSI is zero risk, or the lowest risk available in the market.
But by all means, stick with your push to scrap SSI for the stock market. its a winner politically. That is why so many Tea Party people ran on that topic. Not.
Here we see in cartoon form the classic Republican strategy of divide and conquer. Pit young against old, public sector workers against private sector workers, union workers against non-union workers, rural Americans against urban Americans, gays against straights, Anglos against Latinos, etc., etc. Keep working Americans distracted, distrustful, resentful and fearful of each other so they won’t get wise to who’s REALLY screwing them — the plutocrats and their tools in the Republican Party.
It’s so transparent I can’t understand why everybody doesn’t see through it.
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