On Fri, 04 Feb 2005 20:49:50 -0800, Dave Laird wrote:
> Good evening, Frank...
>
> Frank Reichert wrote:
>
>> Yes. It 'might' make sense until you discover the devil in the
>> details. The truth is that if this idea reaches the light of day, it
>> will in fact regulate further the investment and insurance options
>> open to such private investments in such a way, that consumers would
>> only be given limited choices approved by the government. You would
>
> Not only would we, as taxpayers, be limited to investing in
> officially-approved insurance, at least based upon what Bush said in his
> speech, the government may *want* to dictate when and how much we withdraw
> from our accounts, including the manner of our withdrawal. In other words,
> if Bush's plan works the way he wants, although we will be able to invest
> in these "capital funds accounts", the time and manner at which we can
> withdraw our savings will be strictly dictated to us by the insurance or
> investment firms that handle the funds.
>
>> Before you proceed, consider for a moment what corporations the
>> politicians might decide are the investment possibilities YOU can
>> choose from?
>
> Do I hear the ill-famed name of Enron Investment Company?
>
>> That is pretty much my synopsis from the Shrub's televised 'State of
>> the Union' address concerning privatizing social security. The best
>> way to privatize Social Security is to simply make it a private choice
>> of individual's own choosing, and divest the government of any control
>> over whatever such choices might be.
>
> It almost sounds as if you and I agree totally on this issue, Frank. Given
> the experiences of the past few years, I simply cannot trust the
> government to dictate to me when and where to invest my savings.
> Furthermore, I cannot trust that I will ever be able to access those funds
> when or how I want in the future.
>
> That is almost worse than the system we already have.
>
> Dave
Social Security has and all ways will be a ponzie deal. Thats the way FDR
set it up and it has run that way all thia time. Now as in all ponzie
deals it has come to a head. None of the monies have beend put away or
invested all of these years, or has one penney of interest been earned.
Any extra monies left over from the social security was spent in the
genreal fund. Social Security is not any more broke then it was when it
started now it will start to be a negitive to the general fund, with out
more social security taxes withweld. A simple soulution is any one born
before 1970 no social security only personal investment total and no way
to otuch it till retirement. Born after 1970 social security as usual.
Thats it over with. But do you think the gov. will but out of social
security, think again...
jack
--
Can you MAIL a BEAN CAKE?
Jack in the cave
Jack Garrett
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