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Your Union has been lying to you your entire career

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  • sarktastic
    sarktastic Member Posts: 9,208
    edited April 2016
    Better invest your retirement... Until the FED removes the punchbowel

  • GreenRiverGatorz
    GreenRiverGatorz Member Posts: 10,168

    PurpleJ said:

    SS is only in turmoil because Congress hasn't done what they need to do to solidify it. It's the single best program that this country has ever implemented. Fix it.

    I'm hearing you can set aside some of your paycheck each week in an interest-bearing account. It's called savings. Cut out the middle man that spent all the money and you'd be fine. Perpetuities are going away because people live way longer nowadays and you have no way to measure what it's going to cost in the future. People should be responsible for their own savings. Period.
    First, let me introduce you to negative or near negative rates. Second, when the average American is spending like 110% of their income and carrying $15k credit card statements, thinking that people are able to save for retirement on their own is d2d fucking stupid.

    Get mugged by reality and then get back to me.
    As I was just saying, Doogs hate personal responsibility.
    It's a valid point, but you have to consider the alternative. Think we have a homeless problem now? Take away social security payments and you're talking about millions of senior citizens who are now homeless, draining society of its resources at every corner. We'll essentially have old folk slums in every major city, which actually sounds somewhat funny while it's still a total hypothetical. Maybe you're okay with that, but personally I don't want to live in a country where I have to navigate swarms of elderly bums every time I leave my house. I suppose it's moot though, because if we continue on the current path, SS will be insolvent anyways and this scenario won't be an alternative.
  • sarktastic
    sarktastic Member Posts: 9,208
    The under 35 crowd is quite happy with scrapping Boomer Benefits
  • UWhuskytskeet
    UWhuskytskeet Member Posts: 7,113

    PurpleJ said:

    SS is only in turmoil because Congress hasn't done what they need to do to solidify it. It's the single best program that this country has ever implemented. Fix it.

    I'm hearing you can set aside some of your paycheck each week in an interest-bearing account. It's called savings. Cut out the middle man that spent all the money and you'd be fine. Perpetuities are going away because people live way longer nowadays and you have no way to measure what it's going to cost in the future. People should be responsible for their own savings. Period.
    First, let me introduce you to negative or near negative rates. Second, when the average American is spending like 110% of their income and carrying $15k credit card statements, thinking that people are able to save for retirement on their own is d2d fucking stupid.

    Get mugged by reality and then get back to me.
    As I was just saying, Doogs hate personal responsibility.
    It's a valid point, but you have to consider the alternative. Think we have a homeless problem now? Take away social security payments and you're talking about millions of senior citizens who are now homeless, draining society of its resources at every corner. We'll essentially have old folk slums in every major city, which actually sounds somewhat funny while it's still a total hypothetical. Maybe you're okay with that, but personally I don't want to live in a country where I have to navigate swarms of elderly bums every time I leave my house. I suppose it's moot though, because if we continue on the current path, SS will be insolvent anyways and this scenario won't be an alternative.
    Hmm I don't know, I might be able to gain 1% more on my SS.
  • PurpleJ
    PurpleJ Member Posts: 37,776

    The under 35 crowd is quite happy with scrapping Boomer Benefits

    And death panels. Don't forget those.
  • CuntWaffle
    CuntWaffle Member Posts: 22,500
    PurpleJ said:

    You know DIP is butthurt when he posts 3 times in a row in the middle of the night.

    We call that roaddawgin it
  • Fire_Marshall_Bill
    Fire_Marshall_Bill Member Posts: 26,206 Standard Supporter

    T bills rock solid as usual, hedgies up and down like a fucking hurricane. Gee, I wonder why people might not want the "free market" in charge of their livelihood.

    Dow went from over 14,000 to under 7,000 in less than a year, but people have amnesia and act like it can't happen again...
  • Kaepsknee
    Kaepsknee Member Posts: 14,919
    PurpleJ said:

    You know DIP is butthurt when he posts 3 times in a row in the middle of the night.

    I'm hearing sec14a stupid has been replaced with a new comparison..
  • RaceBannon
    RaceBannon Member, Moderator, Swaye's Wigwam Posts: 115,788 Founders Club

    T bills rock solid as usual, hedgies up and down like a fucking hurricane. Gee, I wonder why people might not want the "free market" in charge of their livelihood.

    Dow went from over 14,000 to under 7,000 in less than a year, but people have amnesia and act like it can't happen again...
    And now its at 17000

    That's how REAL investments work.