McCain Would Privatize Social Security

You really do think the Dems did this don't you?

What a fool.

Where did I say that. You guys have a real problem with reading to much into what people said.

What I did say is that the Dems answer to all our problems is to throw money at them, and create more Government programs. I did not say anything about who created the problems in the first place.

Learn to actually read what people said bud.
 
Everybody knows it was the Marxist Dems who caused the collapse of Wall Street and they forced our government to rescue the companies. The Marxist Dems wanted to lend mortgages to poor people and others who lacked the resources to put money down. So the banks just did what the Dems told them to do. Of course, the Messiah will blame greed and Sen. Phil Gramm's deregulation plan. That's why we have to vote for our Senator McCain and Gov. Palin, so we can finally dismantle all of the Marxist Dem giveaway programs, like Socialist Security, as well as ALL of the regulations weighing on businesses. This is our big chance to finish off the Socialist Marxist Dem Party for good. Vote McCain/Palin.
 
Everybody knows it was the Marxist Dems who caused the collapse of Wall Street and they forced our government to rescue the companies. The Marxist Dems wanted to lend mortgages to poor people and others who lacked the resources to put money down. So the banks just did what the Dems told them to do. Of course, the Messiah will blame greed and Sen. Phil Gramm's deregulation plan. That's why we have to vote for our Senator McCain and Gov. Palin, so we can finally dismantle all of the Marxist Dem giveaway programs, like Socialist Security, as well as ALL of the regulations weighing on businesses. This is our big chance to finish off the Socialist Marxist Dem Party for good. Vote McCain/Palin.

Agreed--let people keep the money they make and spend it, save it, invest it --whatever.
 
The great Depression was caused in large part by the Government simply printing more and more money to cover debts and spending.

So why in gods name should we be happy about the Government spending 84 Billion dollars to bail out a failing company when we are already so far in debt. How do you think they will cover this new spending? By printing more money, and devaluing our money even further.
 
Criminality in the business community is on the rise. The adults need to step in.
That shows your true ignorance right there. The children are the liberal democrats who insist on screwing with a capitalist system. The adults are the private entrepreneurs who will step in, pick up the pieces and make profits.
 
The great Depression was caused in large part by the Government simply printing more and more money to cover debts and spending.

The GD was another bubble crash, it was worldwide and much worse due to financial structures that didn't really know what to do. Much was learned from it including the importance of regulation and the position of government in keeping it from spiraling out of control. The wingnuts such as Charles and others are ideologues lost in a revisionist history that requires a bogeyman which is usually the government or liberalism. I'm sure Bush's incompetence was caused by the big G or L! - LOL

For those really interested in understanding this stuff and who aren't right wing tools I suggest the following books:

[ame=http://www.amazon.com/Great-Crash-1929-Kenneth-Galbraith/dp/0395859999/ref=pd_bbs_sr_2?ie=UTF8&s=books&qid=1221764750&sr=1-2]Amazon.com: The Great Crash 1929: John Kenneth Galbraith: Books[/ame]

bubbles
[ame=http://www.amazon.com/Short-History-Financial-Euphoria-Whittle/dp/0140238565/ref=pd_sim_b_4]Amazon.com: A Short History of Financial Euphoria (Whittle): John Kenneth Galbraith: Books[/ame]

[ame=http://www.amazon.com/Great-Depression-New-Deal-Introductions/dp/0195326342/ref=sr_1_1?ie=UTF8&s=books&qid=1221764673&sr=1-1]Amazon.com: The Great Depression and the New Deal: A Very Short Introduction: A Very Short Introduction (Very Short Introductions): Eric Rauchway: Books[/ame]

My son just purchased the Oxford short intro on the GD, but I have found these books to be excellent, I recommend them for subjects you always wanted to know more about but didn't have time to study.


"This speculation and the resulting stock market crashes acted as a trigger to the already unstable U.S. economy. Due to the maldistribution of wealth, the economy of the 1920's was one very much dependent upon confidence. The market crashes undermined this confidence. The rich stopped spending on luxury items, and slowed investments. The middle-class and poor stopped buying things with installment credit for fear of loosing their jobs, and not being able to pay the interest. As a result industrial production fell by more than 9% between the market crashes in October and December 1929. As a result jobs were lost, and soon people starting defaulting on their interest payment. Radios and cars bought with installment credit had to be returned. All of the sudden warehouses were piling up with inventory. The thriving industries that had been connected with the automobile and radio industries started falling apart. Without a car people did not need fuel or tires; without a radio people had less need for electricity. On the international scene, the rich had practically stopped lending money to foreign countries. With such tremendous profits to be made in the stock market nobody wanted to make low interest loans. To protect the nation's businesses the U.S. imposed higher trade barriers (Hawley-Smoot Tariff of 1930). Foreigners stopped buying American products. More jobs were lost, more stores were closed, more banks went under, and more factories closed. Unemployment grew to five million in 1930, and up to thirteen million in 1932. The country spiraled quickly into catastrophe. The Great Depression had begun."

The Main Causes of the Great Depression
 
Financial institutions are being nationalised to stop them failing. Why would anyone privatise your social security system?

See what happens when government deregulates something as little as mortgages. The ripple effect = housing crises = financial failure. See what happens when you try to encourage people who (can't afford a house) to get one.
 
Kman, I didn't say that, you did to twist the argument in your favor.

I pointed out that we need control of the organizations that financially can ruin this country if mismanaged by greed.

Really, we are getting larger. Who would have thunk that.

It is still solvent as is until 2040 even with the growth. You don't get that.

I hear you. Today we may be ok until 2040, but if the Demcorats get the White House there is no telling how many more illegals are going to start collecting my money, shoot even if McCain is elected, we know he is really for amnesty as well... Bottom line for me is the less the government takes from me the better... If we can privatize right now then that's more money I can accumulate to have a nicer retirement.
 
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I hear you. Today we may be ok until 2040, but if the Demcorats get the White House there is no telling how many more illegals are going to start collecting my money, shoot even if McCain is elected, we know he is really for amnesty as well... Bottom line for me is the less the government takes from me the better... If we can privatize right now then that's more money I can accumulate to have a nicer retirement.

At least make it an option. Pro-choice on this one.
 
Exactly allow them to fail, then some other company will step in pick up the pieces and make some money doing it.

capitalism in Action. The way the system is suppose to work.

If that's so then why has the stock market rebounded on the news that the government is nationalising and world banks are pouring money into the economic system? I think it's not so much capitalism in action as capitalism in a monumental crisis. The theory that one company turning turtle can be allowed to fail and then others step in and clear up the mess before the system is humming along nicely again is all very well when it's one company or maybe two but here there is a complete meltdown of the financial system. The truth is that the world, let alone the US government, can't allow capitalism to fail and failing it is right now. Capitalism is being rescued as we watch. This is history being made.
 
See what happens when government deregulates something as little as mortgages. The ripple effect = housing crises = financial failure. See what happens when you try to encourage people who (can't afford a house) to get one.

Capitalism does need strong regulation to work. I simply don't understand those who want all regulations removed.

As for the idea that if someone can't afford a house then they shouldn't buy one, I agree.

I might be blindingly simplistic here but housing is about shelter, a basic human need.

When a basic human need becomes a tradeable commodity then people will want to get into one to make money rather than just use it for shelter.

For a lot of ordinary people who aren't wealthy their house will be their biggest financial investment, something they have as an asset. I don't blame people for wanting to have their own, they get a sense of security (shelter, not financial) and they can gradually own an asset. But it really is basically about shelter.
 
"The presidential debate must return to Social Security and other issues that affect people's lives. The sleaze that Senator McCain and his vice-presidential candidate throw out as a distraction should be left to the pigs."

McCain Would Privatize Social Security by Dean Baker

"The Republicans have already turned to sick sexual innuendo and nonsense about their vice-presidential candidate, pigs and lipstick in order to distract the public from the real issues in this campaign. One of the items that should be on top of the list of real issues is Senator McCain's plans to privatize and cut Social Security.

McCain has repeatedly expressed interest in privatizing Social Security along the lines proposed by President Bush. For those who have forgotten that nightmare, Bush's plan would have reduced benefits by approximately one percent a year for many workers.

Workers who retired 10 years after the plan was put in place would see a 10 percent reduction in benefits compared with the currently projected levels. Workers who retired 20 years after the plan was implemented would see approximately a 20 percent cut in benefits and workers who retired 40 years after the plan started would see their benefits cut by close to 40 percent.

This schedule of cuts would apply to workers who earn $100,000 a year. Workers who earn $60,000 a year would see cuts of about half this size.

The losses to retired workers could mean big benefits for the financial industry. Under some versions of the plan, the financial industry would rake in hundreds of billions of dollars in fees and commissions over the next 40 years...."

McCain Would Privatize Social Security | CommonDreams.org

So... The republicans support nationalized banks, investment banks and insurance, but private control of the largest pool of 'save-for-the-peoples-future' funds in the history of mankind.

The same private control that has brought us nationalized banks, investment banks and insurance companies...

God we must look stupid from space...

Dear John,

If you win, can you pick one direction or the other to take us?

-Joe
 
"The presidential debate must return to Social Security and other issues that affect people's lives. The sleaze that Senator McCain and his vice-presidential candidate throw out as a distraction should be left to the pigs."

McCain Would Privatize Social Security by Dean Baker

"The Republicans have already turned to sick sexual innuendo and nonsense about their vice-presidential candidate, pigs and lipstick in order to distract the public from the real issues in this campaign. One of the items that should be on top of the list of real issues is Senator McCain's plans to privatize and cut Social Security.

McCain has repeatedly expressed interest in privatizing Social Security along the lines proposed by President Bush. For those who have forgotten that nightmare, Bush's plan would have reduced benefits by approximately one percent a year for many workers.

Workers who retired 10 years after the plan was put in place would see a 10 percent reduction in benefits compared with the currently projected levels. Workers who retired 20 years after the plan was implemented would see approximately a 20 percent cut in benefits and workers who retired 40 years after the plan started would see their benefits cut by close to 40 percent.

This schedule of cuts would apply to workers who earn $100,000 a year. Workers who earn $60,000 a year would see cuts of about half this size.

The losses to retired workers could mean big benefits for the financial industry. Under some versions of the plan, the financial industry would rake in hundreds of billions of dollars in fees and commissions over the next 40 years...."

McCain Would Privatize Social Security | CommonDreams.org

You say that like it's a bad thing. But then, I can easily see where a commie like you would think so.
 
Hey if you want to ignore the facts to make your idiotic political point, fine by me. I don't care if you have no credibility.

You are wrong, simple as that.

You have been informed by me what the truth is regarding Fannie Mae, but you continue to say things which could could check for accuracy in five seconds and a google seach

Now Dive, I understand that you are philosophically a neo-con, but to deny a truth that is easily proven as truth like you are doing is simply idoitic.

You are not an idiot.

Perhaps you should simply acknowledge that you were mistaken about Fannie Mae and move on.

That's how grown ups deal with discovering that they were misinformed about things, you know?

They just admit their mistake and stop repeating what they know (and everyone else knows who bothers to check the fact) is not true.
the thing is, its not me ignoring the facts
both fannie mae and freddie mac were created by acts of congress
thus they ARE quasi-governmental orgs
(maybe you need to LOOK UP what quasi means)
and you are also wrong by thinking i'm a neocon, i have NEVER been a democrat of a liberal
thus it is IMPOSSIBLE for me to be a neocon
so, maybe it is you that needs to admit your own error and stop being an ass and claiming it was me that was wrong
 
And it is the most popular and effective social program in America. And you know why? Because it is good thing for all, especially those whose spouses die or whose business goes under due to economic downturns. Now we need the democrats to create a UHC system that works for all and we will have even a better nation.

Amen, brother.

These Republicans would rather be screwed by the lawyers, the insurance companies, and Big Pharma, than do something sensible.
 
Amen, brother.

These Republicans would rather be screwed by the lawyers, the insurance companies, and Big Pharma, than do something sensible.

Chris,

Can I add 'These Republicans would rather the middle class be screwed by the lawyers, the insurance companies, and Big Pharma, than do something sensible.' without offending?...

-Joe
 
That shows your true ignorance right there. The children are the liberal democrats who insist on screwing with a capitalist system. The adults are the private entrepreneurs who will step in, pick up the pieces and make profits.

Are there no functions in society that would be more efficiently run if The People simply pooled resources to perform that service and removed the cost of someone profiting?

I am thinking H&R Block and Jackson Hewitt are prime examples of an industry that doesn't exactly do anything productive in the economy...

Wouldn't it be cheaper to have simple taxes you did not have to hire a specialist to do the paperwork for?

What about insurance and banking... Maybe removing profits from utilization of the money supply (investment banking) and running an insurance pool that uses the mortgages the investment bank writes to store the cash is not such a bad idea for The People to do...

Did I just say I liked something George Jr. just did?

Holy shit! This is weird!

-Joe
 

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