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[quote="Guest"][quote="Guest"][quote="Guest Z"]Note that this plan would require the funds be put in "Special Issue" US Government bonds. Think Social Security "Lockbox". This is another insane Democrat idea to funnel more and more of our money into their hands. If you never felt you had a reason to vote Republican you've got one now! Keep this Congress out of our pockets.[/quote] You said "to funnel more and more of our money into their hands." Does the "Lockbox" belong to only Democrats?[/quote] For the most part yes. Most famously it was Al Gore that tried to perpetrate this fiction on us. The point is that this Democrat controlloed Congress is actually talking about taking citizen's real assets from their 401K and replacing them with paper IOUs. If you doubt that they would spend it and then rely on future taxes to pay them I have a bridge I would like to sell you. I have no doubt that IRAs would follow if they get away with the 401 scam. It is easy to see why this is the lowest rated Congress in history.[/quote]
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<table border="0" cellpadding="3" cellspacing="1" width="100%" class="forumline"> <tr> <th class="thCornerL" width="22%" height="26">Author</th> <th class="thCornerR">Message</th> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sun, Oct 26 2008, 4:36 pm EDT<span class="gen"> </span> Post subject: Re: They can't fix Social Security, so now they're looking at this...</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody"></span><table width="90%" cellspacing="1" cellpadding="3" border="0" align="center"><tr> <td><span class="genmed"><b>Guest wrote:</b></span></td> </tr> <tr> <td class="quote"></span><table width="90%" cellspacing="1" cellpadding="3" border="0" align="center"><tr> <td><span class="genmed"><b>Guest Z wrote:</b></span></td> </tr> <tr> <td class="quote">Note that this plan would require the funds be put in "Special Issue" US Government bonds. Think Social Security "Lockbox". This is another insane Democrat idea to funnel more and more of our money into their hands. If you never felt you had a reason to vote Republican you've got one now! Keep this Congress out of our pockets.</td> </tr></table><span class="postbody"> <br /> <br />You said "to funnel more and more of our money into their hands." <br /> <br />Does the "Lockbox" belong to only Democrats?</td> </tr></table><span class="postbody"> <br /> <br />For the most part yes. Most famously it was Al Gore that tried to perpetrate this fiction on us. The point is that this Democrat controlloed Congress is actually talking about taking citizen's real assets from their 401K and replacing them with paper IOUs. If you doubt that they would spend it and then rely on future taxes to pay them I have a bridge I would like to sell you. I have no doubt that IRAs would follow if they get away with the 401 scam. It is easy to see why this is the lowest rated Congress in history.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row2"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row2" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sun, Oct 26 2008, 2:36 pm EDT<span class="gen"> </span> Post subject: Re: They can't fix Social Security, so now they're looking at this...</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Savings mechanisms are offered now. People should take personal responsibility to use them. There is no excuse for people not saving for retirement. Personally, I don't want the government handling my retirement money. All of our retirement planning is done without counting on Social Security, which is just supposed to be supplemental anyway.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sun, Oct 26 2008, 2:21 pm EDT<span class="gen"> </span> Post subject: Re: They can't fix Social Security, so now they're looking at this...</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">You do understand that if the money is in government bonds then it is money that is in essence lent to the U.S. government and they're crediting you for the use of the money by paying 3%. To think your money will simply sit in an account is a bit unrealistic. <br /> <br />Why can't they modify the current system and allow owned accounts? Why do we have to sacrifice more money? We'd be paying 11.7% to SS. If they want to make it so it is either 401K or this if you don't have a 401K option then it makes sense to me to do so in order to offer a savings mechanism.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row2"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row2" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sun, Oct 26 2008, 10:51 am EDT<span class="gen"> </span> Post subject: Re: They can't fix Social Security, so now they're looking at this...</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody"></span><table width="90%" cellspacing="1" cellpadding="3" border="0" align="center"><tr> <td><span class="genmed"><b>Guest Z wrote:</b></span></td> </tr> <tr> <td class="quote">Note that this plan would require the funds be put in "Special Issue" US Government bonds. Think Social Security "Lockbox". This is another insane Democrat idea to funnel more and more of our money into their hands. If you never felt you had a reason to vote Republican you've got one now! Keep this Congress out of our pockets.</td> </tr></table><span class="postbody"> <br /> <br />You said "to funnel more and more of our money into their hands." <br /> <br />Does the "Lockbox" belong to only Democrats?</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Guest Z</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sun, Oct 26 2008, 8:57 am EDT<span class="gen"> </span> Post subject: Re: They can't fix Social Security, so now they're looking at this...</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Note that this plan would require the funds be put in "Special Issue" US Government bonds. Think Social Security "Lockbox". This is another insane Democrat idea to funnel more and more of our money into their hands. If you never felt you had a reason to vote Republican you've got one now! Keep this Congress out of our pockets.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row2"><span class="name"><a name=""></a><b>Guest</b></span></td> <td class="row2" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sat, Oct 25 2008, 4:56 pm EDT<span class="gen"> </span> Post subject: Re: They can't fix Social Security, so now they're looking at this...</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">Here is a key note: <br /> <br /><span style="font-weight: bold">Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation. </span> <br /> <br />Why can't they simply use our SS contributions for this purpose instead? I like having a choice and 3% is not going to help me retire. <br /> <br />I'd prefer they make 5% contributions to a 401K mandatory. In fact a lot of employers are making it mandatory that employees contribute by setting up automatic enrollment.</span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> <tr> <td width="22%" align="left" valign="top" class="row1"><span class="name"><a name=""></a><b>Unbelievable!</b></span></td> <td class="row1" height="28" valign="top"><table width="100%" border="0" cellspacing="0" cellpadding="0"> <tr> <td width="100%"><img src="templates/subSilver/images/icon_minipost.gif" width="12" height="9" alt="Post" title="Post" border="0" /><span class="postdetails">Posted: Sat, Oct 25 2008, 4:45 pm EDT<span class="gen"> </span> Post subject: They can't fix Social Security, so now they're looking at this...</span></td> </tr> <tr> <td colspan="2"><hr /></td> </tr> <tr> <td colspan="2"><span class="postbody">October 16, 2008 <br />House Democrats Contemplate Abolishing 401(k) Tax Breaks <br />Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive. <br /> <br />House Education and Labor Committee Chairman George Miller, D-California, and Rep. Jim McDermott, D-Washington, chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute. <br /> <br /><a href="http://www.workforce.com/section/00/article/25/83/58.php" target="_blank">http://www.workforce.com/section/00/article/25/83/58.php</a></span></td> </tr> </table></td> </tr> <tr> <td colspan="2" height="1" class="spaceRow"><img src="templates/subSilver/images/spacer.gif" alt="" width="1" height="1" /></td> </tr> </table>
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