On 8/6/2010 6:00 PM, Liberal Leroy wrote:


"Hawke" wrote in message
...
On 8/5/2010 8:30 PM, Gunner Asch wrote:
On Thu, 5 Aug 2010 17:11:40 -0700 (PDT), "
wrote:

On Aug 5, 7:06 pm, "John R. Carroll"

SS isn't a savings plan for anyone.
It's a compact between the employed and the retired.
The employed pay and the retired get that money.
SS can end just as soon as you convince those that are retired to
forfeit
their payments even though they paid throughout their entire
working lives
to support their elders.

Piece of cake really.
All it takes is enough votes.......





You can already do all of that through tax free plans outside of SS.
SS was never intended to provide a complete retirement income for
anyone.
It still isn't, although that is sometimes the case.
Two things are accomplished, at least, through the SS program.
First, it acts as a direct and powerful stimulus to the economy.
Second, it keeps geriatrics from panhandling but only up to a point.

--
John R. Carroll

Social Security is sort of a savings plan, but certainly not an
investment plan. Sort of a savings plan as long as it is not
changed. In that you do not get to spend all you earn, but have to
give the government some with the understanding that you will get some
of it back. Could be that you don't, but most likely you will.

But I disagree that Social Security is a direct and powerful stimulus
to the ecomony. It is a pay as you go plan. For every dollar paid
out which stimulates the economy, a dollar is taken away from a wage
earner. So there is no net effect.

Dan

Google "Ponzi Scheme"


Gunner



Gummer; an American who will desperately need to be on social security
just to survive. But will most likely speak out against it.

Hawke

Feel free to send him your share!


About the only thing that I would ever send Gummer's way is a left hook.


Hawke