Will Bain be the Bane of Mitt?

[Alien Allen]

First it would make me happy if you acknowledge that robbing this fund from the start has undermined it. I've never insisted it was managed properly. In fact I am furious at how this fund was robbed by politicians of all colors. Because of that future funding will require serious adjustment and most likely tax subsidies if it is to remain.

So, is a social safety net like SS a good idea, is there a better idea, or should we just let seniors sink or swim on their own? This goes deep into the philosophy of why do we band together as a society in the first place. Is it "we" or "me" and what should it be?

On a separate note, as the current crop of Republicans imply, are all poor people the result of personal irresponsibility? Now lets look at all the college grads who are home, living with their parents. How about them?

And I wish you would do some research and learn that even if it had been in a lock box it meant nothing. The ratio of workers to retirees has flipped. The math is there if you will open your eyes. I will grant you the govt has taken funds from it but that only meant it would have gone a little longer before entering a crisis stage.

Too many buy into the crap that it is not at a crisis because it will not run out of money for umpteen years. Every minute that passes makes the changes required to stay solvent that much more harsh.

I predict that in time there will be such a crisis stage finally realized by congress and the only way to soften the blow of returning it to solvency will be to force us to dump our 401k money into the SS system. It already has been floated as an idea. The congress has shown now will to fix SS so when it gets to the crisis stage they can say it is either let SS go kaput or we all contribute more by giving them our 401k money to prop it up.

 

[Minor Axis]

And I wish you would do some research and learn that even if it had been in a lock box it meant nothing. The ratio of workers to retirees has flipped. The math is there if you will open your eyes. I will grant you the govt has taken funds from it but that only meant it would have gone a little longer before entering a crisis stage.

Too many buy into the crap that it is not at a crisis because it will not run out of money for umpteen years. Every minute that passes makes the changes required to stay solvent that much more harsh.

I predict that in time there will be such a crisis stage finally realized by congress and the only way to soften the blow of returning it to solvency will be to force us to dump our 401k money into the SS system. It already has been floated as an idea. The congress has shown now will to fix SS so when it gets to the crisis stage they can say it is either let SS go kaput or we all contribute more by giving them our 401k money to prop it up.

And you are so sure of this... BTW, if they want my 401k money, they can pry it out of my cold dead hands...

 

[Alien Allen]

And you are so sure of this... BTW, if they want my 401k money, they can pry it out of my cold dead hands...

You think I made that up about the 401k?

Trust me I did not

Back about 3 years ago there was a hearing on in in the house. It is the only way to get out of that mess unless they start doing something about it now. And neither party has shown they have the balls to take on the seniors in order to make it solvent.

I don't have to be sure about the lock box comment. The math is there.

And by the way you can blame the democrats equally for robbing from it. That started years ago when they had control of the house for how many decades?

 

[Minor Axis]

You think I made that up about the 401k?

Trust me I did not

Back about 3 years ago there was a hearing on in in the house. It is the only way to get out of that mess unless they start doing something about it now. And neither party has shown they have the balls to take on the seniors in order to make it solvent.

I don't have to be sure about the lock box comment. The math is there.

And by the way you can blame the democrats equally for robbing from it. That started years ago when they had control of the house for how many decades?

I've always acknowledged that both parties have done this.