"The administration's new report is a reminder of President Bush's determination to not only privatize Social Security but to make deep cuts in the benefits that American workers have earned," said Senate Majority Leader Harry Reid (D-Nev.).
"Nobody should be fooled into believing that the only way to save Social Security is to destroy it with privatization or deep benefit cuts," he said.
That pinhead pisses me off to no end.
I have a privatized SS called a 401K, that I earned, and what it's earned in its short life, surpasses what the SSA says in their statements to me over my entire working life.
If SS was a private account, meaning it was was mine, and not someone else's (like it is now) and thrown into even a simple money market or T-Bill investment; what I have paid into it, and what my employers have contributed, would far exceed what my present 401K is.
Come on Dingy Harry, you know SS is a PONZI scheme, oh wait, you like PONZI schemes, because you're a corrupt democrat.
Privatization is the salvation of SS for future generations. The Charlie Foxtrot the rest of us have to live with, will have to be dealt with, and it will cost, and that will suck. But you had damn well better fix it for the children.
Oh wait, you damn democrats really don't give a damn for the children, only the money they can provide government to give your sorry excuse for of an existence, meaning. At least in your own withered, atrophied mind.
When I look at how much I've paid into SS over 30 years & I compare that to what I've been able to do with a 401K & IRA in a much shorter amount of time, it is very disturbing; especially considering that the SS taxes that I've paid are only one-half of the entire amount (the other half being paid by the employer). I agree with you, if I could have had my SS taxes invested in some kind of financial instrument over the last 30 years, even a T-bill, the amount would probably be over a million dollars by now. Plus, if it was a private account, I could pass it on to my heirs. SS is almost as big a ripoff as state lotteries.
Social Securito Delenda Est!
I would be willing to opt out of SS and let them keep all of my past contributions with no future payments if they would allow me to stop contributing now. That would allow me to invest the 15% in mutual funds and come out way ahead.
I would consider that a win/win situation, but the socialist government we have would hate that they no longer had me under their thumb.