A bullet dodged

AssHatZombie said:
But that's what it will be.
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Not forced. It will be far more likely to be privatized if people are given the choice of investing in either Treasury bonds, the S&P or a combination of the two.

Even with this recent downturn. Had SS funds been invested in the S&P for the past 15 years, they still would be up about 80-90%..... can you say the same for the current SS plan?

If ever there was a time to implement such a shift.... don't you think the time would be as the market is bottoming? Or would you prefer they wait for the Dow to break to new highs before suggesting it?

The current SS plan will not survive. It cannot. Once the boomers start accessing SS in force, the game is over. Just like the Ponzi scheme Madoff ran.... in time it HAS to fold.
 
Superfreak said:
Not forced. It will be far more likely to be privatized if people are given the choice of investing in either Treasury bonds, the S&P or a combination of the two.

Even with this recent downturn. Had SS funds been invested in the S&P for the past 15 years, they still would be up about 80-90%..... can you say the same for the current SS plan?

If ever there was a time to implement such a shift.... don't you think the time would be as the market is bottoming? Or would you prefer they wait for the Dow to break to new highs before suggesting it?

The current SS plan will not survive. It cannot. Once the boomers start accessing SS in force, the game is over. Just like the Ponzi scheme Madoff ran.... in time it HAS to fold.
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Past performance is no guarantee of the future.
 
Superfreak said:
Not forced. It will be far more likely to be privatized if people are given the choice of investing in either Treasury bonds, the S&P or a combination of the two.

Even with this recent downturn. Had SS funds been invested in the S&P for the past 15 years, they still would be up about 80-90%..... can you say the same for the current SS plan?

If ever there was a time to implement such a shift.... don't you think the time would be as the market is bottoming? Or would you prefer they wait for the Dow to break to new highs before suggesting it?

The current SS plan will not survive. It cannot. Once the boomers start accessing SS in force, the game is over. Just like the Ponzi scheme Madoff ran.... in time it HAS to fold.
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Nice fascist logic. I reject all of it. The market is a scam. A house of cards manipulated for the benefit of a few.
 
AssHatZombie said:
I suggest converting all received funds into foodstuffs that can store well. And blankets, and guns.
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do not forget the ammo. lots of it :clink:

just be careful to never mention anything about violent rebellion, revolution, or exercising the Second Amendment. It will get you branded a racist, anti semitic, nazi skinhead from the likes of solitary.
 
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Onceler said:
Privatization of SS was one of the few things that Bush offered that I supported. Even with the recent meltdown, there would be a MUCH greater rate of return over the long haul for workers.

Most people younger than me, and even those in my generation, just assume that Social Security will not be there when we retire, anyway. For anyone who opposes privatization, I would love to hear the alternative.
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I support it in theory but once i read the details of his plan it had snake oil all over it. It was a transfer of risk period.
 
Chapdog said:
I support it in theory but once i read the details of his plan it had snake oil all over it. It was a transfer of risk period.
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I never read the details of Bush's plan, but I like the idea of privatization.

You're kind of a market guy, right? Let's say they are able to implement some kind of partial privatization; doesn't that provide basically a steady investment flow to the market that grows every year w/ the growing working population, and is that at all significant for the market's fortunes?

Or do most of the market's fortunes tie more into foreign investment?
 
Onceler said:
I never read the details of Bush's plan, but I like the idea of privatization.

You're kind of a market guy, right? Let's say they are able to implement some kind of partial privatization; doesn't that provide basically a steady investment flow to the market that grows every year w/ the growing working population, and is that at all significant for the market's fortunes?

Or do most of the market's fortunes tie more into foreign investment?
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You're sort of starting to get it. For every dollar put into the market, part of that goes into lobbying congress to destroy the lives of working americans for short term profit.
 
Yeah currently our govt is trying to prop up the surreality in the market.
It will fail.
Reality will somewhat return to the market in time.
True investments in producing things, not just vegas wall street.
 
Onceler said:
I never read the details of Bush's plan, but I like the idea of privatization.

You're kind of a market guy, right? Let's say they are able to implement some kind of partial privatization; doesn't that provide basically a steady investment flow to the market that grows every year w/ the growing working population, and is that at all significant for the market's fortunes?

Or do most of the market's fortunes tie more into foreign investment?
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I work with a Harvard guy who graduated in AL Gores class. He told me that we will not see average returns over the next 10-20 years of more then 8%. days of long term double digit are over until after the baby boom hump. I wonder if hes correct.

Problem with privatization is that we owe now. So you would have to take a huge hit to the deficit right from the getgo. Secondly companies put in 50% for you and under privatization I know for a fact that they would NOT increase your pay (BTW I also have inside details on what they would do if we received national health care and it would be to provide a supplemental insurance and thats it.. they take the rest back for there bottom line) so you would have to ensure that companies still paid in somehow. Third you have to put restrictions on what people invest in because at the end of the day if people dont have ss and squandered there private accounts we cant just let them die on the streets.

Bushs plan sucked. Not only did it limit what you could invest in (as expected) but it made you forfeit like 50% of your benefit in order to participate. The math worked out to be (and im just going from memory) that you would have very little difference in what you would have gotten anyways if it performed to there estimates and you take all the risk on.
 
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