Your Union has been lying to you your entire career
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Better invest your retirement... Until the FED removes the punchbowel
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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.TierbsHsotBoobs said:
As I was just saying, Doogs hate personal responsibility.doogsinparadise said:
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.PurpleJ said:
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.doogsinparadise 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.
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The under 35 crowd is quite happy with scrapping Boomer Benefits
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Who retires anymore? That's for fags
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Hmm I don't know, I might be able to gain 1% more on my SS.GreenRiverGatorz said:
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.TierbsHsotBoobs said:
As I was just saying, Doogs hate personal responsibility.doogsinparadise said:
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.PurpleJ said:
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.doogsinparadise 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.
Get mugged by reality and then get back to me. -
And death panels. Don't forget those.sarktastic said:The under 35 crowd is quite happy with scrapping Boomer Benefits
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We call that roaddawgin itPurpleJ said:You know DIP is butthurt when he posts 3 times in a row in the middle of the night.
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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...doogsinparadise said: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.
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I'm hearing sec14a stupid has been replaced with a new comparison..PurpleJ said:You know DIP is butthurt when he posts 3 times in a row in the middle of the night.
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And now its at 17000Fire_Marshall_Bill said:
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...doogsinparadise said: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.
That's how REAL investments work.






