“I start to get suspicious real fast when I see people who signed up fairly recently coming across with the ad-hominum attacks on a poster”
What are you suspicious of?
From Wikipedia: “An ad hominem (Latin for “to the man”), short for argumentum ad hominem, is an argument made personally against an opponent, instead of against the opponent’s argument.” I didn’t say anything about the writer in my comment so maybe you should keep your ad hominem “suspicions” to yourself.
I said the posting was poorly written scare mongering. I simply pointed out that the writer is obviously confused on the social security “trust fund” since it is already administered by the federal government and already holds US treasury bonds. I’m guessing that he meant to write about 401k and IRA accounts, but that isn’t what he wrote.
I totally agree with the underlying fear but with the current mix in congress I doubt that the votes are there to steal everyone’s private pension savings. Maybe after another and larger financial meltdown all the cry babies who cannot manage their money properly will demand to be saved by the federal government, who knows.
I agree that the posting was poorly written, scare mongering though? I think I might give a pass on that because of the poor writing. My way of looking at this is simple, the pattern being followed is familiar, first you float a trial balloon, if it busts then ignore it for some time. Then try again later on after tuning it and see what happens.
Eventually they get what they were after in this case they are after the 401k’s and IRA’s. Not so much I think because of what’s immediately in them but because working people have developed the “habit” of putting money aside for the purpose of providing for themselves in retirement. What I think the Feds want is the Bi-weekly “contributions” that currently are invested in Stock, bonds and money market accounts. I believe that they want that money to go into special T-bills to keep on funding their vast spending spree.
So I look at this as not so much scare-mongering as saying; “Hey People! Look over here at this, I think this is important for you to know about!”