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Budget and Taxes Do you feel that raising taxes will help solve the debt of the United States? Are you a fan of Reaganomics?

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Old 06-09-2007, 08:26 AM   #41 (permalink)
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Originally Posted by nuttyjoe View Post
Billy, I don't believe in that argument. I am personally in the 8 figure yearly income range; and the same things that allowed me to achieve that position are still there. All that is needed is for one to have the wit to learn, and use. What I was looking for is a way to educate our working society about money,investing, insurance and other important issues so that they will be able to retire with little if no worries- not blaming someone or something.
My parents worked until their middle sixties, as many did. My family always had a roof over our heads and food in our stomachs. Having said that; I am the first to admit that they really never understood long term financial planning. Retirement was Social Security and Dad's pension from serving twenty plus years in the Air Force.
I am lucky. I am able to guarantee that my father will enjoy his golden years without having to worry about the basics of life(Mom passed away from pancreatic cancer).Hewill be able to do all the things he dreamed of, but couldn't because he was working to take care of us.
I know many of you think of this issue daily. I think of it everytime I see an elderly person in the local pharmacy who doesn't have enough money to pay for their medications. On several occasions,I have paid for them myself.... I'm sure many of these people had families that they put first; and were never able to save much money-let alone invest money.Many of you out there may already be experiencing this part of life.
Oh my God, another chat room millionaire. Don't you have something better to with your time? you are a joke.
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Old 06-09-2007, 08:28 AM   #42 (permalink)
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Hey everybody, nuttyjoe says he is a multimillionaire. Let's get nuttyjoe to send us all some money.
Old 06-09-2007, 04:59 PM   #43 (permalink)
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You know what folks. Here is a simple little fact that so few people know that it may shock you. When Roosevelt created the Social Security program, he had initially wanted it to be based upon private accounts, this is why the Social Security number was created. However, when Roosevelt saw that he could not get the bill passed, he enacted the program as it exists today. His goal however, remained to change it to a private account format.

That is why I continue to laugh everytime I hear a Democrat today talking about saving the legacy of Roosevelt and Social Security. In fact the truth is, they are only trampling on his grave.

dmk
Thanks Sarge. People, Take heed here. No matter whether you agree or not, the fact remains that if you are thinking Social Security will be enough to retire on; you are going to be in for a rude awakening.Even assuming that it remains solvent throughout your retirement; it simply is not enough! That is why you are going to have to educate yourselves more on money, and stop lhoping for miracles.
Old 08-07-2007, 09:42 PM   #44 (permalink)
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For yourself, the generation after the Baby Boom generation, start organizing unions in your workplace and participate on a global union organizing scale. Fight the battle with big business to be sure they respect your rights. Organize a nationwide strike and shut the United States down and demand universal health care coverage, then help support and take care of your parents since they have been so good to you and raised you and fed you.

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That is why I continue to laugh everytime I hear a Democrat today talking about saving the legacy of Roosevelt and Social Security. In fact the truth is, they are only trampling on his grave.
The 1930s was one of the most revolutionary times in America since 1776. Roosvelt was put into power by big business so that big business would save themselves from the Revolutionary Class. That was the whole plan, but in the end, Roosvelt was all about serving the economic interests of big business, so of course, he wanted private accounts. Both democrats and republicans are bought and paid for by big business. The entire US Congress is bought and paid for, they are their to do the business of business and not the business of the people.
"An eye for an eye makes everybody blind." -Gandhi

Last edited by ClassWarrior; 08-07-2007 at 09:47 PM.
Old 08-07-2007, 09:53 PM   #45 (permalink)
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Originally Posted by nuttyjoe View Post
Thanks Sarge. People, Take heed here. No matter whether you agree or not, the fact remains that if you are thinking Social Security will be enough to retire on; you are going to be in for a rude awakening.Even assuming that it remains solvent throughout your retirement; it simply is not enough! That is why you are going to have to educate yourselves more on money, and stop lhoping for miracles.
I would hope that most people, at this point, are not relying on SS to carry them.
Old 08-08-2007, 01:14 AM   #46 (permalink)
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I would hope that most people, at this point, are not relying on SS to carry them.
Unfortunately, KOS; there are still some of the elderly that are. What we must do now is to make sure that at retirement age, further generations are not put in this position. This is why I spoke earlier of the need to educate ourselves on financial matters. It is necessary.
Old 11-11-2007, 02:39 AM   #47 (permalink)
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WTP Update

Check out the lawsuit that says that's not so. It wasn't really ever ratified, and indeed, it was fraudulently claimed to be ratified, but tons of evidence says it wasn't.
Yet when you look at the Kentucky Claim that he so rests his hopes upon you will see that the Journal of the Senate clearly states that the adoption of the resolution was in the affirmative. Although the votes are listed as affirmative 9 and negative 22, could we not assume that this was a typo??? Nonetheless 36 states were needed to adopt the resolution, the record shows that 42 states did. So even if Kentucky was not to have accepted the amendment, the amendment would still have 41 states that did, 5 more than needed for ratification.

dmk
Conservatism, I repeat is not an ideology. It does not breed fanatics....But if you want men who seek, reasonably and prudently, to reconcile the best in wisdom of our ancestors with the change which is essential to a vigorous civil social existence, then you will do well to turn to conservative principles
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Old 11-11-2007, 04:05 AM   #48 (permalink)
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Quote:
Originally Posted by ClassWarrior View Post
For yourself, the generation after the Baby Boom generation, start organizing unions in your workplace and participate on a global union organizing scale. Fight the battle with big business to be sure they respect your rights. Organize a nationwide strike and shut the United States down and demand universal health care coverage, then help support and take care of your parents since they have been so good to you and raised you and fed you.
How about this novel idea, instead of waiting for the government to take care of you, instead of waiting for a union to help you, instead of demanding something that the government cannot provide, take the initiative and provide for yourself.

Invest in the stock market, open a mutual fund account, pay yourself first. If you do not like the current health insurance, utilize a health savings account, where as a young person who is generally healthy you can save money and have that money roll over year in and year out until you are older and then have the funds necessary to pay for the health care you will need.

The one thing I will agree with is the need for the younger generation to take care of their own parents. They raised you, fed you, clothed you, and paid for your education, now is the time to return the favor.

Quote:
Originally Posted by ClassWarrior View Post
The 1930s was one of the most revolutionary times in America since 1776. Roosvelt was put into power by big business so that big business would save themselves from the Revolutionary Class. That was the whole plan, but in the end, Roosvelt was all about serving the economic interests of big business, so of course, he wanted private accounts. Both democrats and republicans are bought and paid for by big business. The entire US Congress is bought and paid for, they are their to do the business of business and not the business of the people.

A private account in social security is the business of the people. The current system pays a rate of return of around 1% on the money you pay into it. By allowing younger wage earners to keep even a portion of their contributions to invest as they see fit will be a great benefit. Even if only by investing in a savings account, the rate of return would be tripled. Do private accounts help business, yes, as any investment in the market does, but so too does it help the individual. Unlike the current system, when you die, the money you have remaining is available to go to whomever you like. Again, private accounts are the business of the people.

dmk
Conservatism, I repeat is not an ideology. It does not breed fanatics....But if you want men who seek, reasonably and prudently, to reconcile the best in wisdom of our ancestors with the change which is essential to a vigorous civil social existence, then you will do well to turn to conservative principles
-Russell Kirk-
Old 11-11-2007, 10:22 AM   #49 (permalink)
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I would hope that most people, at this point, are not relying on SS to carry them.
There are many people at my clinic that rely on SS checks to live. I couldn't imagine living like that. My car notes alone are $1000 and child care is another $550 a month for the three days a week 5 hours a day that my son is there.
It is imperative these days to educate kids the consequences of criminal records, poor credit, and how to present themselves. To live a reasonably comfortable life these days it must take more than $100k/gross a year, and you ain't making that kinda loot at McDonalds.
Old 11-11-2007, 04:55 PM   #50 (permalink)
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There are many people at my clinic that rely on SS checks to live. I couldn't imagine living like that. My car notes alone are $1000 and child care is another $550 a month for the three days a week 5 hours a day that my son is there.
It is imperative these days to educate kids the consequences of criminal records, poor credit, and how to present themselves. To live a reasonably comfortable life these days it must take more than $100k/gross a year, and you ain't making that kinda loot at McDonalds.

Yet the average HOUSEHOLD income in the US is about $48k, based on more than one income.

At that level it's hard to save anything. Especially if you happen to have poor health, or God forbid, try to put your kids through college.

It's a ticking time bomb
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Doggone it darn right you betcha bless your heart maverick
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