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| Science Forum Index » Economy Forum » Aren't You Glad Bush Didn't Steal Your Social Security? |
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| cliff84373@yahoo.co.uk |
 Posted: Sat Nov 12, 2005 3:29 am |
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Guest
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"U.S. pension deficits seen at $129B
Report says that shortfalls at Fortune 100 companies will be 65% higher
than prior year by December.
November 10, 2005: 6:41 AM EST
LONDON (Reuters) - Pension deficits in major U.S. companies are
expected to rise to $129 billion by December, up 65 percent from last
year, unless markets rise or companies pump in additional funds, a
report said Thursday.
U.S. pension deficits are likely to widen without corrective company
action or market improvements, Aon Consulting said, taking its data
from firms in the Fortune 100. . ."
Retirement is supposed to be a 3-legged stool; Retirement Savings (such
as 401Ks), Pensions and Social Security. Pension prospects aren't
looking all that great for a lot of Americans and the stock market
hasn't been doing real well for a long time. Then if you subtract
Social Security, what do you wind up with?
You wind up with a job as a Walmart greeter or a McDonald's cashier at
the age of 65 which is just what Bush had in mind.
http://money.cnn.com/2005/11/10/retirement/pensions.reut/
http://www.arkansasnews.com/archive/2005/10/22/WesleyBrown/330063.html |
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| Guest |
| Posted: Sat Nov 12, 2005 4:56 am |
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Yeah, I feel a lot better that Congress has stolen it long before he came
into office.
(I didn't bother to snip the nonsensical story below because there might
still be people out there that believe you will still have a Social Security
income at retirment because Bush was not allowed to make changes in the
current plan...if this helps you then please continue to believe)
<cliff84373@yahoo.co.uk> wrote in message
news:1131784141.618650.290670@g44g2000cwa.googlegroups.com...
[quote:6b3a0411bc]"U.S. pension deficits seen at $129B
Report says that shortfalls at Fortune 100 companies will be 65% higher
than prior year by December.
November 10, 2005: 6:41 AM EST
LONDON (Reuters) - Pension deficits in major U.S. companies are
expected to rise to $129 billion by December, up 65 percent from last
year, unless markets rise or companies pump in additional funds, a
report said Thursday.
U.S. pension deficits are likely to widen without corrective company
action or market improvements, Aon Consulting said, taking its data
from firms in the Fortune 100. . ."
Retirement is supposed to be a 3-legged stool; Retirement Savings (such
as 401Ks), Pensions and Social Security. Pension prospects aren't
looking all that great for a lot of Americans and the stock market
hasn't been doing real well for a long time. Then if you subtract
Social Security, what do you wind up with?
You wind up with a job as a Walmart greeter or a McDonald's cashier at
the age of 65 which is just what Bush had in mind.
http://money.cnn.com/2005/11/10/retirement/pensions.reut/
http://www.arkansasnews.com/archive/2005/10/22/WesleyBrown/330063.html
[/quote:6b3a0411bc] |
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| Guest |
| Posted: Sat Nov 12, 2005 10:00 am |
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Bush truly tried to make some needed changes to Social Security. His
propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change and who
didn't bother to see beyond their tiny world. Their shortsightedness
will come back to haunt our children and grandchildren, unfortunately. |
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| Gogarty |
| Posted: Sat Nov 12, 2005 11:29 am |
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Guest
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In article <1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
[quote:e0be345ecd]
Bush truly tried to make some needed changes to Social Security. His
propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change and who
didn't bother to see beyond their tiny world. Their shortsightedness
will come back to haunt our children and grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge windfall[/quote:e0be345ecd]
for his buddies on Wall Street. There was nothing there for you or me. |
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| Jerry Okamura |
| Posted: Sat Nov 12, 2005 12:26 pm |
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And what is the shortfall on our Social Security promises?
<cliff84373@yahoo.co.uk> wrote in message
news:1131784141.618650.290670@g44g2000cwa.googlegroups.com...
[quote:7b664a1770]"U.S. pension deficits seen at $129B
Report says that shortfalls at Fortune 100 companies will be 65% higher
than prior year by December.
November 10, 2005: 6:41 AM EST
LONDON (Reuters) - Pension deficits in major U.S. companies are
expected to rise to $129 billion by December, up 65 percent from last
year, unless markets rise or companies pump in additional funds, a
report said Thursday.
U.S. pension deficits are likely to widen without corrective company
action or market improvements, Aon Consulting said, taking its data
from firms in the Fortune 100. . ."
Retirement is supposed to be a 3-legged stool; Retirement Savings (such
as 401Ks), Pensions and Social Security. Pension prospects aren't
looking all that great for a lot of Americans and the stock market
hasn't been doing real well for a long time. Then if you subtract
Social Security, what do you wind up with?
You wind up with a job as a Walmart greeter or a McDonald's cashier at
the age of 65 which is just what Bush had in mind.
http://money.cnn.com/2005/11/10/retirement/pensions.reut/
http://www.arkansasnews.com/archive/2005/10/22/WesleyBrown/330063.html
[/quote:7b664a1770] |
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| von Igelfeld |
| Posted: Sat Nov 12, 2005 3:22 pm |
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Guest
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On 12 Nov 2005 00:29:01 -0800, "cliff84373@yahoo.co.uk"
<cliff84373@yahoo.co.uk> wrote:
[quote:9b5683156d]"U.S. pension deficits seen at $129B
Report says that shortfalls at Fortune 100 companies will be 65% higher
than prior year by December.
November 10, 2005: 6:41 AM EST
LONDON (Reuters) - Pension deficits in major U.S. companies are
expected to rise to $129 billion by December, up 65 percent from last
year, unless markets rise or companies pump in additional funds, a
report said Thursday.
U.S. pension deficits are likely to widen without corrective company
action or market improvements, Aon Consulting said, taking its data
from firms in the Fortune 100. . ."
Retirement is supposed to be a 3-legged stool; Retirement Savings (such
as 401Ks), Pensions and Social Security. Pension prospects aren't
looking all that great for a lot of Americans and the stock market
hasn't been doing real well for a long time. Then if you subtract
Social Security, what do you wind up with?
You wind up with a job as a Walmart greeter or a McDonald's cashier at
the age of 65 which is just what Bush had in mind.
What do you wind up with if you work and pay into SS for 15 years and[/quote:9b5683156d]
die at age 40? Your family gets $265 death benefit and the government
keep all the money you put in. That's what the Democrats have in
mind. |
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| von Igelfeld |
| Posted: Sat Nov 12, 2005 3:29 pm |
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Guest
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On Sat, 12 Nov 2005 11:29:38 -0500, Gogarty <Gogarty@Clongowes.edu>
wrote:
[quote:73e2d1a7f0]In article <1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
Bush truly tried to make some needed changes to Social Security. His
propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change and who
didn't bother to see beyond their tiny world. Their shortsightedness
will come back to haunt our children and grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge windfall
for his buddies on Wall Street. There was nothing there for you or me.
[/quote:73e2d1a7f0]
How old are you? My spouse and I are making out like bandits. We've
been drawing SS for eleven years. My kids and grand-kids are going to
get screwed.
That's what happens when you rely on the government to take care of
you. Too bad. |
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| Al Dykes |
| Posted: Sat Nov 12, 2005 3:32 pm |
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In article <2sjcn1p7dhr743fl61ad51kf5p2ci1e1l5@4ax.com>,
von Igelfeld <vonigelfeld@PIV.net> wrote:
[quote:a82338d55c]On Sat, 12 Nov 2005 11:29:38 -0500, Gogarty <Gogarty@Clongowes.edu
wrote:
In article <1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
Bush truly tried to make some needed changes to Social Security. His
propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change and who
didn't bother to see beyond their tiny world. Their shortsightedness
will come back to haunt our children and grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge windfall
for his buddies on Wall Street. There was nothing there for you or me.
How old are you? My spouse and I are making out like bandits. We've
been drawing SS for eleven years. My kids and grand-kids are going to
get screwed.
That's what happens when you rely on the government to take care of
you. Too bad.
[/quote:a82338d55c]
"Should any political party attempt to abolish social security,
unemployment insurance, and eliminate labor laws and farm programs,
you would not hear of that party again in our political history.
There is a tiny splinter group, of couse, that believes you can do
these things. Among them are a few other Texas oil millionaires,
and an occasional politician or businessman from other areas.
Their number is negligible and they are stupid."
Dwight David Eisenhower, 11/8/54
Dwight, the last good Republican president.
--
a d y k e s @ p a n i x . c o m
Don't blame me. I voted for Gore. |
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| Sid9 |
| Posted: Sat Nov 12, 2005 4:04 pm |
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Guest
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von Igelfeld wrote:
[quote:dc69226402]On Sat, 12 Nov 2005 11:29:38 -0500, Gogarty <Gogarty@Clongowes.edu
wrote:
In article <1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
Bush truly tried to make some needed changes to Social Security.
His propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change and
who didn't bother to see beyond their tiny world. Their
shortsightedness will come back to haunt our children and
grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge
windfall for his buddies on Wall Street. There was nothing there for
you or me.
How old are you? My spouse and I are making out like bandits. We've
been drawing SS for eleven years. My kids and grand-kids are going to
get screwed.
That's what happens when you rely on the government to take care of
you. Too bad.
[/quote:dc69226402]
Some one lied to you and you believe it.
It's inconceivable that our government
will fail to fulfill an obligation to its citizens. |
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| von Igelfeld |
| Posted: Sat Nov 12, 2005 4:51 pm |
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Guest
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On Sat, 12 Nov 2005 16:04:40 -0500, "Sid9" <sid9@bellsouth.net> wrote:
[quote:83de57ceb2]von Igelfeld wrote:
On Sat, 12 Nov 2005 11:29:38 -0500, Gogarty <Gogarty@Clongowes.edu
wrote:
In article <1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
Bush truly tried to make some needed changes to Social Security.
His propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change and
who didn't bother to see beyond their tiny world. Their
shortsightedness will come back to haunt our children and
grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge
windfall for his buddies on Wall Street. There was nothing there for
you or me.
How old are you? My spouse and I are making out like bandits. We've
been drawing SS for eleven years. My kids and grand-kids are going to
get screwed.
That's what happens when you rely on the government to take care of
you. Too bad.
Some one lied to you and you believe it.
It's inconceivable that our government
will fail to fulfill an obligation to its citizens.
Maybe the government won't but you sure as Hell can bet the politician[/quote:83de57ceb2]
will! |
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| Sid9 |
| Posted: Sat Nov 12, 2005 5:08 pm |
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Guest
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von Igelfeld wrote:
[quote:dd7dc360bd]On Sat, 12 Nov 2005 16:04:40 -0500, "Sid9" <sid9@bellsouth.net> wrote:
von Igelfeld wrote:
On Sat, 12 Nov 2005 11:29:38 -0500, Gogarty <Gogarty@Clongowes.edu
wrote:
In article <1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
Bush truly tried to make some needed changes to Social Security.
His propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change
and who didn't bother to see beyond their tiny world. Their
shortsightedness will come back to haunt our children and
grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge
windfall for his buddies on Wall Street. There was nothing there
for you or me.
How old are you? My spouse and I are making out like bandits.
We've been drawing SS for eleven years. My kids and grand-kids are
going to get screwed.
That's what happens when you rely on the government to take care of
you. Too bad.
Some one lied to you and you believe it.
It's inconceivable that our government
will fail to fulfill an obligation to its citizens.
Maybe the government won't but you sure as Hell can bet the politician
will!
[/quote:dd7dc360bd]
It will *never* happen.
Bush,Jr and his followers sell one commodity only : *fear* |
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| von Igelfeld |
| Posted: Sat Nov 12, 2005 9:53 pm |
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Guest
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On Sat, 12 Nov 2005 17:08:32 -0500, "Sid9" <sid9@bellsouth.net> wrote:
[quote:f05023fe48]von Igelfeld wrote:
On Sat, 12 Nov 2005 16:04:40 -0500, "Sid9" <sid9@bellsouth.net> wrote:
von Igelfeld wrote:
On Sat, 12 Nov 2005 11:29:38 -0500, Gogarty <Gogarty@Clongowes.edu
wrote:
In article <1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
Bush truly tried to make some needed changes to Social Security.
His propositions were timid, but certainly in the right direction.
Unfortunately, he was opposed by those who are afraid of change
and who didn't bother to see beyond their tiny world. Their
shortsightedness will come back to haunt our children and
grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge
windfall for his buddies on Wall Street. There was nothing there
for you or me.
How old are you? My spouse and I are making out like bandits.
We've been drawing SS for eleven years. My kids and grand-kids are
going to get screwed.
That's what happens when you rely on the government to take care of
you. Too bad.
Some one lied to you and you believe it.
It's inconceivable that our government
will fail to fulfill an obligation to its citizens.
Maybe the government won't but you sure as Hell can bet the politician
will!
It will *never* happen.
Bush,Jr and his followers sell one commodity only : *fear*
Fear of what?[/quote:f05023fe48] |
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| Sid9 |
| Posted: Sat Nov 12, 2005 11:03 pm |
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Guest
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von Igelfeld wrote:
[quote:12b5efa129]On Sat, 12 Nov 2005 17:08:32 -0500, "Sid9" <sid9@bellsouth.net> wrote:
von Igelfeld wrote:
On Sat, 12 Nov 2005 16:04:40 -0500, "Sid9" <sid9@bellsouth.net
wrote:
von Igelfeld wrote:
On Sat, 12 Nov 2005 11:29:38 -0500, Gogarty
Gogarty@Clongowes.edu> wrote:
In article
1131807612.540638.239550@f14g2000cwb.googlegroups.com>,
GoldenStatePoppy@aol.com says...
Bush truly tried to make some needed changes to Social Security.
His propositions were timid, but certainly in the right
direction. Unfortunately, he was opposed by those who are
afraid of change and who didn't bother to see beyond their tiny
world. Their shortsightedness will come back to haunt our
children and grandchildren, unfortunately.
Bush was trying to destroy Social Security and provide a huge
windfall for his buddies on Wall Street. There was nothing there
for you or me.
How old are you? My spouse and I are making out like bandits.
We've been drawing SS for eleven years. My kids and grand-kids
are going to get screwed.
That's what happens when you rely on the government to take care
of you. Too bad.
Some one lied to you and you believe it.
It's inconceivable that our government
will fail to fulfill an obligation to its citizens.
Maybe the government won't but you sure as Hell can bet the
politician will!
It will *never* happen.
Bush,Jr and his followers sell one commodity only : *fear*
Fear of what?
[/quote:12b5efa129]
Terrorists
Avian Flu
Treasury Bond default
etc |
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| Just Cocky |
| Posted: Sat Nov 12, 2005 11:28 pm |
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On 12 Nov 2005 00:29:01 -0800, "cliff84373@yahoo.co.uk"
<cliff84373@yahoo.co.uk> wrote:
[quote:920da6ff23]
Then if you subtract Social Security, what do you wind up with?
[/quote:920da6ff23]
Given that Social Security is nothing but political promises, I find
you reliance on this one perplexing. |
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| Galileo |
| Posted: Sat Nov 12, 2005 11:45 pm |
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Guest
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[quote:e4e934974f]It's inconceivable that our government
will fail to fulfill an obligation to its citizens.
[/quote:e4e934974f]
Did you 'say' that with a straight face? It's so hard to tell who's
being funny, and who's being serious online.
Check out: http://www.socialsecurity.org
Fact 1: Social Security will begin running a deficit by 2017.
People under 40 will most likely never see a dime of SS. |
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