It's Day 298 of the Pelosi Revolution and...

Uh, because it's the single most successful anti-poverty program in the history of the world, developed, lest we forget, to protect elderly Americans from a repeat of that triumph of the free market known as The 1929 Crash. And my parents were comfortable for their lives mostly because of a government program called The GI Bill, which created the modern American middle class.
Read more than one fucking book.

 

Forget it. It's liking arguing with the Unabomber.

 

?

 

Social Security is an illegal ponzi scheme if run by anyone other than the government. The great majority of Americans end up getting back much less than what they put in.

For you to call it a success and "anti-poverty" you have to be clueless beyond rehabilitation. First off, it's broke (as in no money) and broken (as in pretty much unfixable) beyond repair. The program is only being propped up by raiding other funds now. And that's not even taking into account how when there were 10 workers for every retiree, the program's funds were raided by the government.

Social Security was one of the worst ideas in the history of government. But like all liberal programs, it meant well, so damn the reality.

 

Jesus, that's the Sutters Mill of stupid.

 

Right, Fenian, Social Security is a rock. What math system are you using?

 

Well, that sentence alone excludes our OT from serious discussion on this issue.

I'm curious about something.

Where do OT and our friiend Zag think the North American post war middle class came from?

How did all those folks manage to buy houses in the burbs, raise families and manage to send their kids to university?

Does our friend Tony think that if the 1950's family relied on the comparable 2007 wages of Wal-Mart that they'd be able to buy a house and own a car on minimum wage?

Idiots.

 

Actual math, as employed by the trustees of the Social Security system.
It's solid through 2047, and through 2060 with minor tinkering, as long as we don't buy the 70-year con that we'd all be better off trusting our retirement to the money-market boys and their Enron accounting.

 

Funny, my parents were comfortable for most of their lives because my dad worked his ass of, not because of any government hand outs.

And I'm sorry Fenian, but I've already read the book you apparantly would like us all to read -- it is called the Communist Manifesto -- and i have no interest in reading your "Karl Marx revision of history kit", either. You know, that's the one that tells us all about how the decade of the 1920's was an era of greed that eventually the rich and powerful pillaged all of our resources but thank God for FDR because he saved our ship and all of his socialist programs guided us out of the depression and into prosperity....

That's laughable.

If you want to continue to believe that and keep telling yourself that, well, then I can only continue to feel sorry for you and hope that your government cheese tastes good.

And Social Security is such a success that every election over the past 20 years has had both sides claiming they know how to fix it and make sure it is solvent for the long haul -- and the only real solution is, they either raise taxes, shift taxes or just take more. So yeah - it is solid forever, just as long as the government has the biggest and baddest police force on the planet and can continue to take as much money as they need from citizens through taxes to make it work....

Meanwhile, if I took 15 percent of my income and invested it in even some of the most conservative funds or shit, even a savings account with simple interest, I'd have far more money for my retirement than I will get from social security.

Oh but I know, that might mean I have more money for my retirement than my neighbor and that is just unfair, elitist and heartless.....

I for the life of me can't understand why any hard working American citizen wouldn't love to have social security abolished and the amount of money they are paying into it rolled into some sort of a private retirement fund.

Here is a simple question for you about social security --- Do you really believe that the government is better at investing your money than you are?

 

Great post, zag. I've noticed that the lefties are trying to get Fenian's embarrassing effort to fall off the front page.

 

Yeah, because Zag's silly comments about FDR being a socialist and his "Communist Manifesto" nonsense aren't embarrasing?

We're all still waiting for his explanation on the accumulated wealth of his fictional cab driver.

I'm not sure who's dumber--Zag for posting his crap or for OT being his cheerleader.

The two of them seem stuck in a really bad chapter of Atlas Shrugged. They should read some other books.

 

So Social Security is armed extortion and comes out of the Communist Manifesto.
Yeah, I'm overwhelmed by a man who apparently learned his American history from the fillings in his teeth.