Re: Refresher Course on Social Security


"mg" <mgkelson@xxxxxxxxx> wrote in message news:1173587567.170535.316840@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
On Mar 10, 11:12 am, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx>
wrote:
"mg" <mgkel...@xxxxxxxxx> wrote in message

news:1173545582.727981.77660@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx





> On Mar 9, 8:10 pm, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx> wrote:
>> "mg" <mgkel...@xxxxxxxxx> wrote in message

>>news:1173487909.684085.249260@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

>> > On Mar 9, 8:43 am, "Jerry Okamura" <okamuraj...@xxxxxxxxxxxxx> >> > wrote:
>> >> "mg" <mgkel...@xxxxxxxxx> wrote in message

>> >>news:1173410035.175824.315600@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

>> >> > On Mar 8, 2:29 pm, "California Poppy" <GoldenStatePo...@xxxxxxx>
>> >> > wrote:
>> >> >> I am still working part-time for a city rec & park department.
>> >> >> They
>> >> >> have their own retirement program rather than SS, which is what >> >> >> I
>> >> >> think all should be. I was given 19 choices of mutual funds.
>> >> >> They
>> >> >> are labeled as growth, income, and stability. We were given >> >> >> their
>> >> >> 3-
>> >> >> year average % increase. I chose a Conservative Growth >> >> >> Lifestyle
>> >> >> Fund for 50% of my retirement and a Core Bond Fund for 50%, but >> >> >> I
>> >> >> could have chose any fund and any percentage, and I could change
>> >> >> any
>> >> >> year. This is what should be available for everyone.

>> >> > A "city rec & park department" is a government agency that feeds
>> >> > from
>> >> > the public trough. They're not subject to the ups and downs of >> >> > the
>> >> > free-enterprise system. They don't have to make a profit. If you >> >> > are
>> >> > suggesting they're system should be extended to private
>> >> > corporations,
>> >> > you're comparing apples and oranges.

>> >> No she is saying that what is good for the goose is good for the
>> >> gander.
>> >> She is saying she works for a government agency who offers her an
>> >> opportunity to invest her money and provide her with a chance to >> >> make
>> >> a
>> >> better return on her investment.

>> > She also said:

>> > "They have their own retirement program rather than SS, which is >> > what
>> > I think all should be."

>> > In otherwords what she is apparently saying is that state and local
>> > government employees don't participate in the SS program, therefore >> > it
>> > should be eliminated.

>> Well, either fix it, or do away with it, and start from >> scratch..because
>> it
>> ain't doing such a good job right now.- Hide quoted text -

> I don't know if it is such a big problem in the overall scheme of
> things. To me it looks a lot like Bush tried to pull the same sort of
> Chicken Little thing with Social Security that he did with the WMDs in
> Iraq and then solve the problem in the same way--by destroying it.

-> Tell that to those who only have a
-> social security income to live on....-

Do you think people would get more under the Bush plan, for instance?


Yes. Had his idea of allowing people to allow 2% of their contributions to be put into something like a mutual fund, the people who took that option would have more money to spend when they retire. no one can take that money away from them, and since it is clearly their money, their heirs should be able to get that money. "If" the idea had worked, that would have made it a whole lot easier to address the fiscal imbalance problem with Social Security, because whatever you have to do to fix the problem will be easier to fix, when there are some percentage of the population that is not going to be affected very much by the change.

.

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