Sheldon Cooper
1/27/2011 4:38:00 AM
On Jan 23, 11:35 am, Yoorg...@Jurgis.net wrote:
> On Sun, 23 Jan 2011 10:35:11 -0800 (PST), Sheldon Cooper
>
> <richarddead...@gmail.com> wrote:
> >> >You have hundreds of millions of Americans who contributed their
> >> >entire lives, and there's no money left.
>
> >> Nonsense, of course.
>
> >You want to call an Object fact "nonsense"?
> >There's nothing left in the "safebox" except IOUs from Uncle Sam.
> >It's all been squandered.
> Are you poor assholes just that dumb--or acting that way?
Oooooooo - you're getting touchie.
> There NO rational reason to "lock money" in any account or "box".
Of course there is - the money is supposed to be there to be paid
back. Now, there's none to pay back. This was supposed to be an
insurance investment plan. Instead, it's a ponzi scheme, and Madoff
made off with the cash.
> It is unproductive, it irratonal, it is absolutely pure bullshit that any
> (ANY) financial operation idles money.
Excuse me - the money hasn't be invested - we're not looking at bonds,
stocks, or other interest baring accounts.
It's been pissed away buying votes for the Democrats.
It's gone.
Bankrupt.
At at a time of massive deficits, this will be yet another money pit
the taxpayers will have to cough up for.
> The "full faith and credit" of the US government accounts for the
> ability to pay debts as they arise.
And where are we going to get that money from? Soak the rich some
more? Higher taxes? Borrow?
Just how much money do you think is out there?
> >> The way it WILL continue---is to uncap the top end contributions
> >> because the massive amount of wealth held by the top 10% is a hundred
> >> times more than it was just 40 years ago.
>
> >Like I said, you're going to find new suckers.
> You think those poor assholes--investors, old lady's, retirees,
> elderly who took their money and invested it public
> investments----losing it ALL to Wall street and Investment bankers
> schemes that the GOP congresses, Reagan and Bush caused----aren't
> devastated?
Excuse me, but the Dow just topped 12,000 today. People in the market
are doing just fine right now. the people who count on Social
Security are the ones who are screwed.
> What the fuck are a couple hundred million americans going to do if
> their money is invested in accounts that collapse a few years prior to
> retirement? If their accounts are "insured"---and haven't been paying
> into an "insurance" that the Federal government say backs
> accounts---this nation could collapse totally
You're counting on the market crashing and burning under Obama?
> You dumb assholes are so susceptible to propaganda---you can't think
> past the "message" and figure out that "self-investment" for old age
> only is possible for those who earn incomes with an ability to have
> income LEFT OVER from living expenses.
Are you under the impression that most Americans live on a sack of
beans once a month?
I've ALWAYS assumed that Social Security wouldn't be around for me -
and I've planned accordingly.
> THere are now hundreds of thousands of investors (including state run
> retirement accounts) that lost Billions in the latest schemes set up
> by Republicans from their years in the majority.
>
> IDIOT.
(snicker) What's the matter, bucky? Nobody's buying this bullshit
anymore?
>
> >> The term "social security" is the obvious solution to a NATIONAL
> >> problem dealing with a range of things from minimal payments to
> >> retiree's, disabled, orphaned children, widows, etc.
>
> >The term is "Social Security INSURANCE". Something people buy by
> >themselves, for themselves. It wasn't sold as a giveaway program.
>
> Yer point---being what?
> There are more people who exist on little or no income---which is what
> your party prefers as wage earners.
And yet you're the party of billionares. I know, let's pushing
working couples who manage to $125.00 a year.
> >> Raising retirement age, redoing the contribution cutoff level, will
> >> "add to" the existing amout we STILL have.
> >The problem is that, if SSI is nothing more than a giveaway for the
> >Democrats, additional funds will simply be given away.
> Absured claim
It's abusre but true. Democrats get in more money, they spend more
money.
> >> Had the GOP's "plan" to privatize retirement been in place---the
> >> entire fortunes of a nation would be wiped out by the fortunes of the
> >> market. (and Bernie Madoff who did, in fact, leave thousands
> >> destitute)
>
> >Putting aside for the moment that the Dow currently enjoys record
> >levels - the Dow has NEVER hit "zero".
> Putting aside that there is NO guarantee that any retiree could retire
> with the DOW on the positive side, investments enough to cover
> retirement, and/or a guarantee of COLA.
Meanwhile, that same retiree has NOTHING in social security. It's
bankrupt. No money in the box. Nothing but promises.
> >Right now, people who spent their lives having $7,500.00 a year taken
> >(against their will) and put into the SSI "lock box" have LITERALLY
> >NOTHING.
>
> They have exactly what they signed up to get---and will
You sound very much like Bernie Madoff just before the shit hit the
fan.
> THere is no truth to the bullshit claim, "there is no money"
Except for the part where there IS NOT MONEY! THE DEMOCRATS SPENT IT
ALL, AND ALL THAT'S LEFT ARE IOUs. JUST LIKE BERNIE MADOFF.
> >Even Bernie had SOME money left at the end of the day.
> None of it his.
And the money the Democrats squandered wasn't their money, either.
Something they should remember.