TahitiNut
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Wed Jan-05-05 10:01 AM
Response to Reply #37 |
| 44. Uh-huh. Just like a "Federal Reserve Note" is a meaningless IOU. |
| -SS Privatizers Say That The Trust Fund Is Meaningless IOU's |
loindelrio |
Jan-04-05 09:02 PM |
#0 |
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10 reasons why Bush's plan for SS sucks.... |
chomskysright |
Jan-04-05 09:05 PM |
#1 |
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I'd rather die in a bus station bathroom than let a liberal kill a baby |
marcologico |
Jan-04-05 09:09 PM |
#3 |
| -
Where is that list from? nt |
Eric J in MN |
Jan-05-05 12:35 AM |
#36 |
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One Reason Why Bush's Plan to partially privatize |
Yupster |
Jan-05-05 03:24 AM |
#41 |
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And stock certificates were used for wallpaper. |
dogman |
Jan-04-05 09:07 PM |
#2 |
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Are you saying... |
RoeBear |
Jan-04-05 09:11 PM |
#4 |
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Exactly. |
dogman |
Jan-04-05 09:24 PM |
#10 |
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There is a first time for everything... |
sendero |
Jan-04-05 09:16 PM |
#5 |
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Yes, it is paper in a sense |
DianeG5385 |
Jan-04-05 09:22 PM |
#8 |
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Not true... |
sendero |
Jan-04-05 09:48 PM |
#16 |
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That fractional ownership of stock in a company is ephemeral |
DianeG5385 |
Jan-04-05 10:30 PM |
#20 |
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Well.. |
sendero |
Jan-04-05 10:38 PM |
#24 |
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The Fact is That SS was a Masterpiece of social welfare |
DianeG5385 |
Jan-04-05 10:51 PM |
#27 |
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On this.. |
sendero |
Jan-04-05 10:53 PM |
#28 |
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Under the "it's only paper" reasoning ... |
TahitiNut |
Jan-04-05 09:44 PM |
#15 |
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I don't.. |
sendero |
Jan-04-05 09:52 PM |
#17 |
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"just like you and I do in a bank"??? |
TahitiNut |
Jan-04-05 11:13 PM |
#31 |
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Deleted message |
Name removed |
Jan-05-05 06:44 AM |
#42 |
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What on earth is a "hard asset?" |
hunter |
Jan-05-05 11:07 AM |
#46 |
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Deleted message |
Name removed |
Jan-05-05 11:56 AM |
#48 |
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The Gov't. could buy stock in Enron, PG&E and Worldcom.... |
Porcupine |
Jan-05-05 12:34 AM |
#35 |
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Make sure you own your house |
DianeG5385 |
Jan-04-05 10:55 PM |
#29 |
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Many would lose even that. |
TahitiNut |
Jan-04-05 11:32 PM |
#32 |
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It's only meaningless because they spent it on |
DianeG5385 |
Jan-04-05 09:17 PM |
#6 |
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Maybe We Should Start A Pre-Emptive Class Action (Shareholder?) Suit |
loindelrio |
Jan-04-05 09:22 PM |
#9 |
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I like this idea. We need to sue Congress |
DianeG5385 |
Jan-04-05 09:29 PM |
#12 |
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It Would Go Nowhere In Court, But Would Really Get Exposure |
loindelrio |
Jan-04-05 10:31 PM |
#21 |
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Remember in the 2000 debates all the talk about the |
HuskiesHowls |
Jan-04-05 09:25 PM |
#11 |
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Did you mis-remember? |
davekriss |
Jan-04-05 10:32 PM |
#22 |
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Privatization is VERY VERY Bad!!!! |
HuskiesHowls |
Jan-04-05 09:22 PM |
#7 |
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Mike Thompson toon on privatization |
Bozita |
Jan-04-05 09:32 PM |
#13 |
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and another cartoon |
dweller |
Jan-04-05 09:42 PM |
#14 |
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Privatization has been a disaster in every arena it has been applied. |
leesa |
Jan-04-05 10:06 PM |
#18 |
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You are absolutely right. All property and business should be |
ArkDem |
Jan-06-05 11:58 AM |
#71 |
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My pet theory - THIS IS A DISTRACTION! |
Chicago Democrat |
Jan-04-05 10:11 PM |
#19 |
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baloney, this IS the real bad news! n/t |
marcologico |
Jan-04-05 10:34 PM |
#23 |
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who'd be suprised if the neoCONs have already stolen everyones money? |
bpilgrim |
Jan-04-05 10:39 PM |
#25 |
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Oh hell they already have, remember Clinton's surplus? n/t |
marcologico |
Jan-04-05 10:41 PM |
#26 |
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They are 100% serious and don't expect to encounter resistance. |
marcologico |
Jan-04-05 10:58 PM |
#30 |
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Just like a lot of investment portfolios |
Mike Niendorff |
Jan-05-05 12:17 AM |
#33 |
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I was talking to my mom on the phone today |
neebob |
Jan-05-05 12:29 AM |
#34 |
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The trust fund is meaningless IOU's |
Yupster |
Jan-05-05 01:13 AM |
#37 |
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There are only two ways for an IOU to be meaningless |
hfojvt |
Jan-05-05 01:47 AM |
#38 |
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Okay so let's say I have a new car fund |
Yupster |
Jan-05-05 02:45 AM |
#40 |
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which part of "will not pay" have you refuted? |
hfojvt |
Jan-05-05 11:45 AM |
#47 |
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This is frustrating, but I'll keep trying |
Yupster |
Jan-05-05 01:22 PM |
#55 |
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I share your frustration |
hfojvt |
Jan-05-05 05:18 PM |
#61 |
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So in practicallity, the bonds are meaningless, but |
Yupster |
Jan-05-05 05:44 PM |
#62 |
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symbolism has its practical uses |
hfojvt |
Jan-05-05 08:00 PM |
#63 |
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No problem |
Yupster |
Jan-05-05 10:12 PM |
#64 |
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Uh-huh. Just like a "Federal Reserve Note" is a meaningless IOU. |
TahitiNut |
Jan-05-05 10:01 AM |
#44 |
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Why, then, social security is fully funded! |
Inland |
Jan-05-05 12:06 PM |
#50 |
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Correct - the only way for social security to be |
Yupster |
Jan-05-05 01:04 PM |
#52 |
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The bonds aren't meaningless--the fund represents the promise of the gov. |
Inland |
Jan-05-05 04:53 PM |
#57 |
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The formula has changed every single generation |
Yupster |
Jan-05-05 10:17 PM |
#65 |
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No, the formula changed in 1983. |
Inland |
Jan-06-05 10:58 AM |
#68 |
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So let's launder them now and the problem is solved, right? |
mdhunter |
Jan-05-05 12:17 PM |
#51 |
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The problem is that starting in 2018 |
Yupster |
Jan-05-05 01:10 PM |
#53 |
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You just went back to using the fund you said was meaningless |
Inland |
Jan-06-05 11:04 AM |
#69 |
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That's what Bush is telling you. Message received. |
Inland |
Jan-05-05 05:03 PM |
#60 |
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Why do privateers insist on calling it privatization? |
BrotherBuzz |
Jan-05-05 02:08 AM |
#39 |
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I completely agree. |
TahitiNut |
Jan-05-05 07:06 AM |
#43 |
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past performance is no guarantee ........ |
ThomasJackson |
Jan-05-05 10:14 AM |
#45 |
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So the bonds are worthless IOUs because the republicans won't pay them. |
Inland |
Jan-05-05 11:59 AM |
#49 |
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Congress will honor its promise |
Yupster |
Jan-05-05 01:14 PM |
#54 |
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No, the bonds and funds are the accounting tools |
Inland |
Jan-05-05 04:59 PM |
#58 |
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Exactly... The republicans don't intend to honor the ious... |
txaslftist |
Jan-05-05 02:42 PM |
#56 |
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Oh, no--they wouldn't screw foreigners. Its Americans who are screwed. |
Inland |
Jan-05-05 05:01 PM |
#59 |
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The Chinese don't care |
Yupster |
Jan-06-05 12:13 AM |
#66 |
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I guess you missed my little joke. |
Inland |
Jan-06-05 10:50 AM |
#67 |
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god help us ... what idiots. |
ThomasJackson |
Jan-06-05 11:39 AM |
#70 |
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No, it is no additional debt at all |
Inland |
Jan-06-05 12:12 PM |
#72 |
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think cash flow not assets held |
ThomasJackson |
Jan-06-05 03:49 PM |
#74 |
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I don't think we disagree |
Inland |
Jan-07-05 10:24 AM |
#75 |
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Frame the debate |
nadinbrzezinski |
Jan-06-05 12:15 PM |
#73 |
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