Time for some real discourse on Bushland part 2

[Happy Monkey]

Gay bashing seems pretty popular.

[richlevy]

Originally Posted by Happy Monkey

Gay bashing seems pretty popular.

As long as noone mentions Mary Cheyney. It does seem like they're getting ready to start handing out pink triangles.

[Happy Monkey]

Oh, no. When Alan Keyes called her a selfish hedonist, there was no problem. It was only Kerry who wasn't allowed to mention her.

[richlevy]

MEXICO CITY, Nov. 9 -- Secretary of State Colin L. Powell gave Mexican officials a sober report Tuesday on the prospects of winning congressional approval to grant legal status to millions of undocumented aliens in the United States. He said President Bush (news - web sites) would place a "high priority" on pushing his stalled plan through Congress, but he said he did not want to "overpromise" success.

Bush unveiled the plan 10 months ago, but it received a lukewarm reception on Capitol Hill and the administration made little effort to promote it during the election year. In last week's election, Bush received about 44 percent of the Hispanic vote, up from 35 percent in 2000, exit polls indicated. Mexican President Vincente Fox has made it clear that he hopes to seize the moment to achieve an agreement on migration.

Let's see, Bush's party, which pretty much votes in lockstep with him, won't let him fulfill the promise he made to Hispanic voters to help win the election? And he can't do anything about it? Riiiiiiiiiight.

[Happy Monkey]

How well could you do if you were given control over your own Social Security money?

Larry Lindsey, Bush's tutor on economics during the campaign and later chairman of the White House's National Economic Council, devised a scheme based on creative accounting principles. Essentially, it proposed that the government would issue substantial new debt to sustain old-style benefits. This debt would be serviced and paid down by confiscating revenues from the higher returns from those opting for new-style personal accounts.

Only as well as the government says you can. What if you have lower returns instead of higher ones? Too bad, you chose to manage your own money.

[atropos]

Reliability on Social Security income is not enough to suffice an average two person retirement income....Anyone so naive who chooses to rely on something so obviously unstable deserves what they get! Why should the rest of us have to pay unilaterally for the mistakes of the few?

[Elspode]

OH...I see how this is going to work!

Everyone invests their SS money in relatively safe accounts, like a 401k type fund. Then, the market goes South again in a big way, and all that SS money bleeds out of people's individual accounts and into the pockets of the already rich, right? Sweet.

I'm somewhat skeptical of this deal since I had $15,000.00 in a 401k, *very* conservatively invested, that got turned into $6,000.00 thanks to the dotcom bust.

Yeah, I'm sure Dubya's supporters are salivating at the thought of getting their hands on all that cash somehow.

[Clodfobble]

But Els, how far away from retiring are you? Unless it's in the next few years, you shouldn't worry--the market will go up again (and down again, and up again...)

[Cyber Wolf]

Originally Posted by Elspode

Everyone invests their SS money in relatively safe accounts, like a 401k type fund. Then, the market goes South again in a big way, and all that SS money bleeds out of people's individual accounts and into the pockets of the already rich, right? Sweet.

Originally Posted by Clodfobble

But Els, how far away from retiring are you? Unless it's in the next few years, you shouldn't worry--the market will go up again (and down again, and up again...)

Sounds like unconsented, financial blood-letting.