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Discussion Starter · #1 ·
Anybody know the implications of bushs new plan for social security? We've been hearing for years that there wont be enough money for future participants but the democrats are strongly opposed to Bush's new plan. Why is there so much controversy to this new plan? Also, what are the differences between this and other retirement plans? It basically allows younger people born 1950 and after to allow part of their paycheck to be invested (stocks i believe) as much as 4%. Whats so bad about this?
 

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i hate state of the union speaches. its all talk. it is the same as middle school student council speaches. I (i insert name of person running) will have free pizza at lunch every day and play time will be longer. no more tests and free ice cream all the time. the state of the union sounds more like polititions view of a utopian society. i hope that bush is able to do half of the things that he talked about. so in basic english his plan was to give a percentage of the normal ss to a person to invest on their own. yes i woul like to be in charge of my own retirement but there r alot of people out there who r irresponcible with money. when these people spend their money from ss and get older and dont have any money what r we going to do with them? we could have a whole generation of super poor people wiht no money coming in. i am not worried about people like me who would actually invest the money correctly i am worried about the other people
 

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Really the plan comes down to minor capitalism vs socialism. Alot of irresponsible people will ruin their funds, others will make a success of it. Currently the "new" plan would give people more money than they would get if the program stayed in place as is in the future, but if the plan is passed, short term it would add massive debt. Although if the system stays as is, the debt will just add up starting 2018 and then double every few years, eventually going bankrupt.

Correct me if I'm wrong.
 

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Discussion Starter · #7 ·
so whats the democrats arguement besides some people might not know how to invest? I dont see much downside for this. We've been wanting a new plan for SS for quite a while...any other alternatives? Aside from this, the state of the union seemed pretty positive from both sides.
 

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Democrats think the problem is solvable by reducing benefits from certain classes, and raising payroll taxes I believe. Most democrats believe total state control social security is better than private ownership of some retirement funds.
 

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i am really tired of the democrats. i really really really really dont like bush or what he stands for but the democrats really piss me off. first this past election should have been soooooooo easy to win for the democrats but they have to act like democrats. i think everyone in the entire world knows that there is a problem with ss at this point. if u r living in a cave in iraq u know that ss is not going to work. i think the democrats r opposing the republicans just to oppose them. it is pathetic and sad. it is sad to me that politics r more important than the well being of this country.
 

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bush and the republicans won the election and got what they wanted control of the house and senate. so lets see if they can do something to help this country. i am not one of those people who want bush to fail. i will never understand the dem's who want him to fail. HELLO PEOPLE IF BUSH FAILS THIS COUNTRY IS FAILING. i guess i am more intersted in getting this country back on the right track that politics i really believe that the last election should have been soo easy to win that the democrats should just pack up and move on.
 

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Enriqo_Suavez said:
Yup. The Democratic party is entirely out of touch with the American people. First of all, I love Bush. But if he is as 'dumb' as some people say, then it should have been, as you say, easy as hell for the democrats to win. But they didn't. This is nothing new, Republicans have won 5 of the last 7 presidential elections and an ever increasing number of congress seats. The democrats are going to need to shape the f*ck up and get in touch with the PEOPLE if they want to regain any sort of control. And even though I am a republican myself, I sure as hell DO hope they shape up to prevent the far right from straight up taking over.
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Thats very true. The democrats are handing their majority control they've had for along time right into the handles of fanatics both left and right. They're basically self-destructing the party. And for what? Just to please other nations besides the one there suppost to care for the most. Makes me sick. The democrats are where the republicans were 50 years ago, on the wrong side of majority of issues.

My great grandfather (RIP) told me the democrats use to be the party of both defense and domestic issues back in the 30, 40 and 50's, the Republicans use to doubt everything democrats did in WW2. Now its the total opposite, its really amazing.
 

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diddye said:
Anybody know the implications of bushs new plan for social security? We've been hearing for years that there wont be enough money for future participants but the democrats are strongly opposed to Bush's new plan. Why is there so much controversy to this new plan? Also, what are the differences between this and other retirement plans? It basically allows younger people born 1950 and after to allow part of their paycheck to be invested (stocks i believe) as much as 4%. Whats so bad about this?
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401 K man.
Cnt rely on that Social Security Bullshit.
Didnt he say back when it first started, there was 16 people working for every person who retired, and these days its a 3 working to every retiree?
I blame Welfare. Too many lasy jackasses wanting free money, not wanting to work, to contribute, to SS, to contribute to Society!
Down With Welfare, Up with Beer!
 

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anotherreject04 said:
if we would have never went into iraq and put the billions upon billions upon billion into the socail security program it would be fine for a very very long time
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Yeah, but Saddam supported Al Qaeda, had WMD and was an immedeate threat to the US, remember - too bad you can only spend your buck once...
 

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i was listening to something pretty interested/funny...smokers cause our benefits to cost more, but since they smoke, they die earlier, and the gov't saves money by not having to pay them anything once they're dead. I agree w/ shoe....lots of this nonsense is too political. Theres four more years. why even fight every single thing. They should just work together instead of letting their bitterness take over.

http://moneycentral.msn.com/content/Specia...cial=0501social
 

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shoe997bed263 said:
i am really tired of the democrats. i really really really really dont like bush or what he stands for but the democrats really piss me off. first this past election should have been soooooooo easy to win for the democrats but they have to act like democrats. i think everyone in the entire world knows that there is a problem with ss at this point. if u r living in a cave in iraq u know that ss is not going to work. i think the democrats r opposing the republicans just to oppose them. it is pathetic and sad. it is sad to me that politics r more important than the well being of this country.
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Kerry was leading in polls until stupid Bin Laden had to think he was a politician and realeased that stupid video. As far as the SS plan, he did not go into details, so I can't comment. But I do know many wise people in the house have said its unnecessary and is a false alarm.

Lets keep this civil men.
 
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