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Reply #60: That's what Bush is telling you. Message received. [View All]

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Inland Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-05-05 05:03 PM
Response to Reply #51
60. That's what Bush is telling you. Message received.
Bush is going to wave his hands, make the promise of Social security disappear and balance the budget on the backs of wage earners and the payroll tax.
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  -SS Privatizers Say That The Trust Fund Is Meaningless IOU's loindelrio  Jan-04-05 09:02 PM   #0 
  - 10 reasons why Bush's plan for SS sucks....  chomskysright   Jan-04-05 09:05 PM   #1 
  - 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 
  - One Reason Why Bush's Plan to partially privatize  Yupster   Jan-05-05 03:24 AM   #41 
  - And stock certificates were used for wallpaper.  dogman   Jan-04-05 09:07 PM   #2 
  - Are you saying...  RoeBear   Jan-04-05 09:11 PM   #4 
     - Exactly.  dogman   Jan-04-05 09:24 PM   #10 
  - There is a first time for everything...  sendero   Jan-04-05 09:16 PM   #5 
  - Yes, it is paper in a sense  DianeG5385   Jan-04-05 09:22 PM   #8 
  - Not true...  sendero   Jan-04-05 09:48 PM   #16 
     - That fractional ownership of stock in a company is ephemeral  DianeG5385   Jan-04-05 10:30 PM   #20 
        - Well..  sendero   Jan-04-05 10:38 PM   #24 
           - The Fact is That SS was a Masterpiece of social welfare  DianeG5385   Jan-04-05 10:51 PM   #27 
              - On this..  sendero   Jan-04-05 10:53 PM   #28 
  - Under the "it's only paper" reasoning ...  TahitiNut   Jan-04-05 09:44 PM   #15 
     - I don't..  sendero   Jan-04-05 09:52 PM   #17 
     - "just like you and I do in a bank"???  TahitiNut   Jan-04-05 11:13 PM   #31 
     - Deleted message  Name removed   Jan-05-05 06:44 AM   #42 
        - What on earth is a "hard asset?"  hunter   Jan-05-05 11:07 AM   #46 
           - Deleted message  Name removed   Jan-05-05 11:56 AM   #48 
     - The Gov't. could buy stock in Enron, PG&E and Worldcom....  Porcupine   Jan-05-05 12:34 AM   #35 
     - Make sure you own your house  DianeG5385   Jan-04-05 10:55 PM   #29 
        - Many would lose even that.  TahitiNut   Jan-04-05 11:32 PM   #32 
  - It's only meaningless because they spent it on  DianeG5385   Jan-04-05 09:17 PM   #6 
  - Maybe We Should Start A Pre-Emptive Class Action (Shareholder?) Suit  loindelrio   Jan-04-05 09:22 PM   #9 
  - I like this idea. We need to sue Congress  DianeG5385   Jan-04-05 09:29 PM   #12 
     - It Would Go Nowhere In Court, But Would Really Get Exposure  loindelrio   Jan-04-05 10:31 PM   #21 
  - Remember in the 2000 debates all the talk about the  HuskiesHowls   Jan-04-05 09:25 PM   #11 
     - Did you mis-remember?  davekriss   Jan-04-05 10:32 PM   #22 
  - Privatization is VERY VERY Bad!!!!  HuskiesHowls   Jan-04-05 09:22 PM   #7 
  - Mike Thompson toon on privatization  Bozita   Jan-04-05 09:32 PM   #13 
  - and another cartoon  dweller   Jan-04-05 09:42 PM   #14 
  - Privatization has been a disaster in every arena it has been applied.  leesa   Jan-04-05 10:06 PM   #18 
  - You are absolutely right. All property and business should be  ArkDem   Jan-06-05 11:58 AM   #71 
  - My pet theory - THIS IS A DISTRACTION!  Chicago Democrat   Jan-04-05 10:11 PM   #19 
  - baloney, this IS the real bad news! n/t  marcologico   Jan-04-05 10:34 PM   #23 
  - who'd be suprised if the neoCONs have already stolen everyones money?  bpilgrim   Jan-04-05 10:39 PM   #25 
  - Oh hell they already have, remember Clinton's surplus? n/t  marcologico   Jan-04-05 10:41 PM   #26 
  - They are 100% serious and don't expect to encounter resistance.  marcologico   Jan-04-05 10:58 PM   #30 
  - Just like a lot of investment portfolios  Mike Niendorff   Jan-05-05 12:17 AM   #33 
  - I was talking to my mom on the phone today  neebob   Jan-05-05 12:29 AM   #34 
  - The trust fund is meaningless IOU's  Yupster   Jan-05-05 01:13 AM   #37 
  - There are only two ways for an IOU to be meaningless  hfojvt   Jan-05-05 01:47 AM   #38 
  - Okay so let's say I have a new car fund  Yupster   Jan-05-05 02:45 AM   #40 
     - which part of "will not pay" have you refuted?  hfojvt   Jan-05-05 11:45 AM   #47 
        - This is frustrating, but I'll keep trying  Yupster   Jan-05-05 01:22 PM   #55 
           - I share your frustration  hfojvt   Jan-05-05 05:18 PM   #61 
              - So in practicallity, the bonds are meaningless, but  Yupster   Jan-05-05 05:44 PM   #62 
                 - symbolism has its practical uses  hfojvt   Jan-05-05 08:00 PM   #63 
                    - No problem  Yupster   Jan-05-05 10:12 PM   #64 
  - Uh-huh. Just like a "Federal Reserve Note" is a meaningless IOU.  TahitiNut   Jan-05-05 10:01 AM   #44 
  - Why, then, social security is fully funded!  Inland   Jan-05-05 12:06 PM   #50 
  - Correct - the only way for social security to be  Yupster   Jan-05-05 01:04 PM   #52 
     - The bonds aren't meaningless--the fund represents the promise of the gov.  Inland   Jan-05-05 04:53 PM   #57 
        - The formula has changed every single generation  Yupster   Jan-05-05 10:17 PM   #65 
           - No, the formula changed in 1983.  Inland   Jan-06-05 10:58 AM   #68 
  - So let's launder them now and the problem is solved, right?  mdhunter   Jan-05-05 12:17 PM   #51 
     - The problem is that starting in 2018  Yupster   Jan-05-05 01:10 PM   #53 
     - You just went back to using the fund you said was meaningless  Inland   Jan-06-05 11:04 AM   #69 
     - That's what Bush is telling you. Message received.  Inland   Jan-05-05 05:03 PM   #60 
  - Why do privateers insist on calling it privatization?  BrotherBuzz   Jan-05-05 02:08 AM   #39 
  - I completely agree.  TahitiNut   Jan-05-05 07:06 AM   #43 
  - past performance is no guarantee ........  ThomasJackson   Jan-05-05 10:14 AM   #45 
  - So the bonds are worthless IOUs because the republicans won't pay them.  Inland   Jan-05-05 11:59 AM   #49 
     - Congress will honor its promise  Yupster   Jan-05-05 01:14 PM   #54 
     - No, the bonds and funds are the accounting tools  Inland   Jan-05-05 04:59 PM   #58 
     - Exactly... The republicans don't intend to honor the ious...  txaslftist   Jan-05-05 02:42 PM   #56 
        - Oh, no--they wouldn't screw foreigners. Its Americans who are screwed.  Inland   Jan-05-05 05:01 PM   #59 
           - The Chinese don't care  Yupster   Jan-06-05 12:13 AM   #66 
              - I guess you missed my little joke.  Inland   Jan-06-05 10:50 AM   #67 
                 - god help us ... what idiots.  ThomasJackson   Jan-06-05 11:39 AM   #70 
                    - No, it is no additional debt at all  Inland   Jan-06-05 12:12 PM   #72 
                       - think cash flow not assets held  ThomasJackson   Jan-06-05 03:49 PM   #74 
                          - I don't think we disagree  Inland   Jan-07-05 10:24 AM   #75 
  - Frame the debate  nadinbrzezinski   Jan-06-05 12:15 PM   #73 
 

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