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Go bucky go
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Go bucky go
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Tidepride30 said...
That have had success??
THE U.S. POSTAL SERVICE was established in 1775 – they’ve had 234 years to get it right; it is broke, and even though heavily subsidized, it can’t compete with private sector FedEx and UPS services.
SOCIAL SECURITY was established in 1935 – they’ve had 74 years to get it right; it is broke.
FANNIE MAE was established in 1938 – they’ve had 71 years to get it right; it is broke.
FREDDIE MAC was established in 1970 – they’ve had 39 years to get it right; it is broke. Together Fannie and Freddie have now led the entire world into the worst economic collapse in 80 years.
THE WAR ON POVERTY was started in 1964 – they’ve had 45 years to get it right; $1 trillion of our hard earned money is confiscated each year and transferred to “the poor”; it hasn’t worked.
MEDICARE and MEDICAID were established in 1965 – they’ve had 44 years to get it right; they are both broke; and now our government dares to mention them as models for all US health care.
AMTRAK was established in 1970 – they’ve had 39 years to get it right; last year they bailed it out as it continues to run at a loss!
WAR ON DRUGS started over four decades ago. Failed.
This year, a trillion dollars was committed in the massive political payoff called the Stimulus Bill of 2009; it shows NO sign of working; it’s been used to increase the size of governments across America, and raise government salaries while the rest of us suffer from economic hardships.
CASH FOR CLUNKERS was established in 2009 and went broke in 2009 – after 80% of the cars purchased turned out to be produced by foreign companies and dealers nationwide are buried under bureaucratic paperwork demanded by a government that is not yet paying them what was promised.
NO CHILD LEFT BEHIND: $54.4 billion per year. America ranks 17th in education compared to other modern countries.
DEPT. OF ENERGY: $26.4 billion budget. Gas prices at all time high!
FAIR HOUSING ACT: The Feds forced the Banks to issue Subprime Mortgages to minorities with bad credit. Major cause of current recession. 841,073 foreclosures in 2012.
FEDERAL RESERVE BANK: Broke! There is no “reserve” just printed paper money with no backing.
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OmegaBuckeye said...
I think NASA had a pretty good run of things as well. Man on the moon, lots of inventions that worked into daily lives, etc... FDA is nice to have as well. After all, I like not having to wonder if the steak I am buying at the supermarket is safe to eat or not. I can just take it for granted that it is. The whole clean water to drink thing is kind of nice too. Thank you EPA.
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OmegaBuckeye said...
I think NASA had a pretty good run of things as well. Man on the moon, lots of inventions that worked into daily lives, etc... FDA is nice to have as well. After all, I like not having to wonder if the steak I am buying at the supermarket is safe to eat or not. I can just take it for granted that it is. The whole clean water to drink thing is kind of nice too. Thank you EPA.
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TroyTide said...
So we are going to raise your taxes and if you manage not to die before you are almost 70 you will get some of the money back, assuming of course you were never successful in life.
I agree these things need to be done to save SS, but it kinda gets to the point of, what are we "saving" here? A program in which we take money from people their whole lives of which they will only receive a portion back and for many this will be for maybe the last 5-10 years of life if that? What the hell is the point?
Also Democrats have been claiming for years that SSI is in fact Insurance, if means testing comes into effect it becomes nothing more than another entitlement program.
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TroyTide said...
So we are going to raise your taxes and if you manage not to die before you are almost 70 you will get some of the money back, assuming of course you were never successful in life.
I agree these things need to be done to save SS, but it kinda gets to the point of, what are we "saving" here? A program in which we take money from people their whole lives of which they will only receive a portion back and for many this will be for maybe the last 5-10 years of life if that? What the hell is the point?
Also Democrats have been claiming for years that SSI is in fact Insurance, if means testing comes into effect it becomes nothing more than another entitlement program.
This post has been edited 2 times, most recently by BamaLivesFootba on 3/5/2013 at 6:51 PM
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BamaLivesFootba said...
These are rough numbers but 45 years of averaging $50,000 a year at 6.2% gives you $139,500 in contributions or $13,950 a year for ten years (65 to 75). Max benefit this year is $2513/m or ~$30k a year. So....not sure what you are talking about?
Edit: I'm a dumbass. I forgot the 6.2% withheld is for both SS and Med.
That said. A basis point or two isn't going to move those numbers much either way. It wouldn't be permanent. It's just to get us past the generational dilemma anyways.
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TroyTide said...
I am not so sure that it wouldn't be permanent, once this becomes the new way of doing things and people get used to it, once the baby boomers are gone the government is likely to take any future surpluses, this time not in the shadow of massive long term liabilities, and use them elsewhere. The temptation to keep the money piling up for the feds will be too great IMO.
You still have to outlive both the age requirement and your contribution before you get more than you paid in. It's all pretty macabre, it's the government relying and hoping that x number of people kick the bucket in order to keep what amounts to a ponzi scheme afloat.
If it is truly Insurance it should be optional. The existing pay in-pay out system can be left in effect for those that want and others should be able to take their money elsewhere if they can stomach the risk.
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Can we come up with a comparable list of government programs