| I wonder where the WP got such an idea? Surely democrats wouldn't be behind this. Naw.
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Posted on 02/03/2005 4:46:57 PM PST by bamaborn
| I wonder where the WP got such an idea? Surely democrats wouldn't be behind this. Naw.
|
I knew this story smelled like a rat and some people here believed it too.
"Are you insinuating that the President is hiding important measures, that he has already decided on, from the public?"
No, they haven't figured it out yet. And the last month of leaks about his plans were purposely floated in the media to test the waters. This Washingon Post article is another leak from Bush, the reporter screwed it up though.
"He has clearly laid out the broad lines, which seem to give plenty to chew on. Now, Congressmen are free to propose their own recommendations."
Well, he decided to do that after criticism - from conservatives - about the leaked parts. But the Congressmen can merely say there's no problem now. Ball back in Bush's court.
All Bush would have to say is that all personal savings accounts must be saved in a passbook savings account. That would really give the Dems fits! Because they are using the fear factor about the stock market. But doing this would give Bush what he wants and America needs: personal responsibility in the ownership society. If I had all the money I had put into Social Security for me and had earned only 5% that sum at the end of each year (not even compounded daily!), I would be right now, at age 53, sitting on about $270k cold cash. Face it - SS is just a way for Congress to use our money and pay us later - if we don't die, that is. And why should all my money be left with the government when I die? What did they do to deserve it?
I don't see how you can read that into it especially at this early stage. What we have right now is riskier than putting the whole thing in the stock market. I manage money. If you gave me some money to save for your retirement and I spent it on buying business from other clients (buying votes) you would claim I was cheating you. Well that's exactly what the government is doing.
What a great point!!!
Why didn't I think of it. (That's why I come on this board.) He's already taken the seniors out of it by slicing out the 55 and up. So all he has to do is offer a guaranteed account as one of the options in the plan. Hell yeah! Every insurance company already does that in their variable annuities. DennisR you're a genius.
The way the original story read, it led you to think you would invest 40k into the account and only get 21 and change back. Pure liberal drivel.
That why I had a feeling it was not right.. I did not believe it at first.
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That's what I figure. Washington Post reporters don't actually know any Republicans, so to get the skinny on the President's plan, they called the Democrats.