Evaluation of the policies of George W. Bush and his Republican conservatives on America.



The proposal to create individual equity or bond accounts in Social Security subjects future retirement income to changes in the market. Earlier, I was a securities salesperson and have an understanding of the stock and bond markets as well as retirement planning. To adequately plan for one’s retirement requires a combination of investments including things that are relatively certain, Social Security and pension plans, as well as investments that may fluctuate with the market. I planned to retire in 2003 however when my wife got cancer it changed my retirement to 1998. For us my earlier retirement had a positive impact on our retirement income. Had I a retired as planned in 2003, our investment income would have been significantly less than it is today.

What President Bush is suggesting is to convert the floor of Social Security into an elevator by creating individual accounts that are subject to market changes. For some these accounts could increase their retirement income but for others they could result is less income upon retirement. There is no denying the market, over time, goes up and down. President Bush suggested that a bond fund could protecting retirees future investments from market changes. The president isn’t telling you that in a period of rising interest rates, like we are starting today, bonds actually dropped in value and you can have a huge capital loss in bond funds or an individual bonds within your investment portfolio during periods of rising interest rates.

There is a place for equity investments in retirement planning. The correct place is in ADDITION to the guarantees of Social Security and pensions. Thus in addition to the fact that the individual accounts DO NOT solve the Social Security funding issue, they also fail to be a sound component of good retirement planning based on market fluctuations that such investments experience.

Comments (Page 2)
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on May 15, 2005
HOW CAN YOU BE SO STUPID?


on May 15, 2005
drmiler does seem to make it look easy! He must have a lot of practice.
on May 15, 2005
ParaTed, and DrMiler,
Why did you bite? I did not read the article, but I read the first line of the first response and knew exactly what it was about. and that it is 100% wrong.
So why do you bother?


Just because he's an asshat!


If you really must bite, then rate him a troll on every response.

He doesn't deserve any response, much less a dignified one that might clear up the FUD that he's spreading around, but still, if you are going to bite, bite in more ways than one. Nuke his point whoring attempts and drive him back into the obscurity that he deserves.
on May 15, 2005
Their problem is they can not "Nuke" my issues because my issues are correct. They also do have any amo! You just do not want to admit YOUR BOY is wrong! For anyone to agrue that a $2 trillion increase in the national debt is a "GOOD" for America is NUTS. To argue the $700 Billion trade deficit ( Up from $400 billion in 2000) is good for American is NUTS! To agure a $.60 increase per galon in the price of gas since 2000 is good for America is also NUTS! These are facts about how the current policies are working!
on May 15, 2005
drmiler - again you show you are DUMB. Social Security Tax rates are 6.2 % on the individual and 6.2% paid by the employer. That is 12.4% in total. Thus, 4% is about 1/3 of 12.4%. HOW CAN YOU BE SO STUPID?


How can YOU be so stupid? 4% percent from YOUR pocket! It does NOT include your employers contribution! You pay $100 out of your check to SS (that figure is way to small. but I thought I'd keep it small for you so you can keep up). Your employer pays $100. Now that's $200. Now JUST HOW MUCH IS 4%? I can tell you that it's a WHOLE $8. Now just how the hell do you figure that's 1/3 of what your paying in? And you call me stupid? YOUR the ignorant one, not me!
on May 15, 2005
drmiler - again you show you are DUMB. Social Security Tax rates are 6.2 % on the individual and 6.2% paid by the employer. That is 12.4% in total. Thus, 4% is about 1/3 of 12.4%. HOW CAN YOU BE SO STUPID?


Also, if "I'm" so dumb why is "my" point score at 27K and "yours" is only @ 14K?
on May 15, 2005
drmiler

It is not 4% of the total tax it is 4% out of your 6.2% . That leaves 2.2% from you and 6.2 % from your employer for a total of 8.4% rather then 12.4% going into the Social Security trust fund. That is about 1/3 of the total SS tax revenue is diverted for anyone that would select that option. Where do you think the Trillions of dollars in cost comes from for this plan? AS I SAID YOUR ARE DUMB!!!!!!!!! To make even simpler for YOU:

If you earn $25,000 a year you currently pay $1,550 (6.2% X $25,000). Under the Bush plan, the 4% to an individual account would be $1,000 (4% X $25,000) put into the individual account and $550 to the Social Securuty Trust Fund (4% X $25,000). You employer would also send $1,550 to the Social Security Trust Fund (6.2% X $25,000).
on May 15, 2005
Also, if "I'm" so dumb why is "my" point score at 27K and "yours" is only @ 14K?


Case closed. It's official. Intelligence is measured by joeuser points. No wonder so many people were clogging up the servers tryin' ta get points. DOH

Hmmmmmmmmmmmmmm............... maybe the more points you have, oh hell, never mind............
on May 15, 2005
If you earn $25,000 a year you currently pay $1,550 (6.2% X $25,000). Under the Bush plan, the 4% to an individual account would be $1,000 (4% X $25,000) put into the individual account and $550 to the Social Securuty Trust Fund (4% X $25,000). You employer would also send $1,550 to the Social Security Trust Fund (6.2% X $25,000).


You pay $1500 a year fine... Your employer pays the same ($1500) also fine. Now that's $3000 total right? Now your only allowed to put 4% away of your original $1500, that leaves $1440 (since 4% of your 1500 is only $60) now take your 1440 and you employers $1500 and add. That's a total of $1940 correct? Now do your math yet again and try and tell me that $60 is 1/3!THIS IS NO WHERE NEAR 1/3! Quit looking at it as percentage points and "start" looking at it as dollars! Now who's stupid?
on May 15, 2005
so, if "I'm" so dumb why is "my" point score at 27K and "yours" is only @ 14K?


Case closed. It's official. Intelligence is measured by joeuser points. No wonder so many people were clogging up the servers tryin' ta get points. DOH

Hmmmmmmmmmmmmmm............... maybe the more points you have, oh hell, never mind..........


dabe.... STAY OFF MY CASE!
on May 15, 2005
dabe.... STAY OFF MY CASE!


she can't doc. I think she has shifted her lust for me to YOU, let me know how that works for ya, ok?
on May 15, 2005
dabe.... STAY OFF MY CASE!


she can't doc. I think she has shifted her lust for me to YOU, let me know how that works for ya, ok?


For all I care you coulda kept her!
on May 15, 2005
drmiler

ONE MORE TIME

If you earn $25,000 per year under the Bush plan, 4% would go into the individual account ( 4% X $25,000) is $1,000. The other $550 (2.2% X $25,000) goes into the Social Security Trust Fund. The entire $1,550 ( 6.2% X $25,000) from your employer goes into the Social Security Trust Fund. Thus today $3,100 all goes into the Trust Fund. Under the Bush plan, $1,000 would go into the individual account and $2,100 into the trust fund. Thus about 1/3 of the Social Security tax revenue is diverted under the Bush plan!
That is why the Bush plan makes the funding problem for Social Security worse!
on May 15, 2005
drmiler

ONE MORE TIME

If you earn $25,000 per year under the Bush plan, 4% would go into the individual account ( 4% X $25,000) is $1,000. The other $550 (2.2% X $25,000) goes into the Social Security Trust Fund. The entire $1,550 ( 6.2% X $25,000) from your employer goes into the Social Security Trust Fund. Thus today $3,100 all goes into the Trust Fund. Under the Bush plan, $1,000 would go into the individual account and $2,100 into the trust fund. Thus about 1/3 of the Social Security tax revenue is diverted under the Bush plan! That is why the Bush plan makes the funding problem for Social Security worse!


One more time for you! WRONG! Your math does not add up! 6.2% of 25K is as you say $1550 but 4% of that is only $62, NOT $1000. Try putting it into your calculator in the "correct" format. It's 25000 X 4% not the other way around. 4% is .04 cents on the dollar, .40 cents on $10, $4 on $100 or $40 on $1000! Maybe you should take some remedial math courses.
on May 15, 2005
r

ONE MORE TIME

If you earn $25,000 per year under the Bush plan, 4% would go into the individual account ( 4% X $25,000) is $1,000. The other $550 (2.2% X $25,000) goes into the Social Security Trust Fund. The entire $1,550 ( 6.2% X $25,000) from your employer goes into the Social Security Trust Fund. Thus today $3,100 all goes into the Trust Fund. Under the Bush plan, $1,000 would go into the individual account and $2,100 into the trust fund. Thus about 1/3 of the Social Security tax revenue is diverted under the Bush plan! That is why the Bush plan makes the funding problem for Social Security worse!


One more time for you! WRONG! Your math does not add up! 6.2% of 25K is as you say $1550 but 4% of that is only $62, NOT $1000. Try putting it into your calculator in the "correct" format. It's 25000 X 4% not the other way around. 4% is .04 cents on the dollar, .40 cents on $10, $4 on $100 or $40 on $1000! Maybe you should take some remedial math courses.


Could someone else try and explain this to him?
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