36% have no nest egg- thank god SS is in good shape...26% age 50-64...

[Skull Pilot]

36% have no nest egg ?

And who's fault is that ?

For some it was a catastrophic injury or disease, for others the loss of a well paying job or the loss of hundreds of thousands of dollars of equity in their home.

People only lost that equity if they were overleveraged

 

[initforme]

Wall street and sleaze go hand in hand

 

[Skull Pilot]

Wall street and sleaze go hand in hand

Wall street has nothing to do with it.

You don't have to have some stock broker invest for you you know.

 

[zeke]

People only lost that equity if they were overleveraged

A decline in real estate values resulting in a decrease in equity in said property is a result of "overleveraged". Whatever the fuck that means.

Are you sure you run a business? That statement you just made was plain ole stupid and makes no sense.

 

[Disir]

No. The Chilean system failed so badly that they have had to reform it. Furthermore, the fees and costs associated with the privatization have harmed it tremendously.

No it didn't. It got hijacked by redistributionists who wanted a taxpayer funded welfare system for The Poor.

No. It failed.

That is simply a lazy statement on your part...that or dishonest.

Your own links show that the government essentially mismanaged the system. You know....government...the same type of org in charge of S.S.

I am not in favor of privatization. As I stated before, the contributions should be treated like it is your money (not a Paygo) even though it will take a long time to change the system over. That way, your statement (which S.S. is apparently no longer sending out) will tell you how much you put in and how much interest it has earned and how much you can withdraw before you are effectively on welfare.

Hey, they aren't in the streets protesting in Chile for more libertopian shpeil. Ok? Going into that country and lowering wages while setting up a privatized system did not work. You cannot have it all. You can't.
Turns out once again that the free market................ain't free. Transitional costs and management fees are expensive. It was privatized. You can't escape that.

 

[Skull Pilot]

People only lost that equity if they were overleveraged

A decline in real estate values resulting in a decrease in equity in said property is a result of "overleveraged". Whatever the fuck that means.

Are you sure you run a business? That statement you just made was plain ole stupid and makes no sense.

Funny how I bought a property before real estate values fell and never got upside down.

The problem you idiots don't want to admit was that every time home values went up people were remortgaging to the hilt so they could buy more shit they could not afford. Then all of a sudden the bubble burst and their 3 BR ranch was not worth 600K anymore even though they had every bit of the inflated value mortgaged to the hilt.

And it's you who doesn't understand leverage not me.

 

[francoHFW]

Pubs wrecked the American dream and people borrowed to keep it going...thanks Voodoo thieves. see sig, and make the bloated rich and giant corporations pay their fair share. SS is in great shape, needs to raise the limit and see reality of inflation, is all.

 

[Disir]

Wait a second. It was Obama that was for chained CPI.

The Democrats are Republican-lite.

 

[boedicca]

People only lost that equity if they were overleveraged

A decline in real estate values resulting in a decrease in equity in said property is a result of "overleveraged". Whatever the fuck that means.

Are you sure you run a business? That statement you just made was plain ole stupid and makes no sense.

Funny how I bought a property before real estate values fell and never lost got upside down.

The problem you idiots don't want to admit was that every time home values went up people were remortgaging to the hilt so they could buy more shit they could not afford. Then all of a sudden the bubble burst and their 3 BR ranch was not worth 600K anymore even though they had every bit of the inflated value mortgaged to the hilt.

And it's you who doesn't understand leverage not me.

Indeed. People who stay in their houses and pay off their mortgages instead of constantly using their equity to "upgrade" and tradie up are generally much better off.

It's also best not to buy in a market of frenzied bidding wars which inflate prices above the listing price.

 

[francoHFW]

Wait a second. It was Obama that was for chained CPI.

The Democrats are Republican-lite.

ACTUALLY, not for it, just didn't want to mess with things during the Boosh meltdown. Scott Brown being elect was a disaster for the country. Since, total disfunction. Obama wanted to trade that for higher taxes on the bloated rich.

 

[francoHFW]

It's called compromise- You wouldn't understand...

 

[Listening]

Can we bump the thread that points out that most democrats are tit-tied to the SS ?

 

[Rozman]

Social Security, a socialist program. I love to hear right winger rant about the evils of socialism. What republican programs have helped them? How many of them try to convince their grannies not to take evil socialist social security or medicare, and they'll take care of their aged relatives themselves as per righteous republican principles?

Well yabut, I'm sure they refuse the money when its their turn to draw ... I mean, to do otherwise would be SO hypocritical.

Why would anyone turn down SS when they have been kicking into it for years....
For me I have been doing that for over 43 years now.

 

[Listening]

Social Security, a socialist program. I love to hear right winger rant about the evils of socialism. What republican programs have helped them? How many of them try to convince their grannies not to take evil socialist social security or medicare, and they'll take care of their aged relatives themselves as per righteous republican principles?

Well yabut, I'm sure they refuse the money when its their turn to draw ... I mean, to do otherwise would be SO hypocritical.

Why would anyone turn down SS when they have been kicking into it for years....
For me I have been doing that for over 43 years now.

Yes, Luddy's argument is simply stupid.

Your money is locked up in the program and you have every right to it.

Had you had a FREAKING CHOICE back when you started...it would be much different.

 

[HenryBHough]

We lost a big chunk of our investments with the Bush crash but what if all the money in our SS accounts had been in the stock market?

Too bad; so sad!

Hope you realized your mistake and bailed out quickly so as to prevent any further losses!