Take that, Paul Ryan! Elizabeth Warren beats back Social Security plot

[Dazzle1]

Is this something I should care about King?

Isn't social security, essentially, useless now? I am certainly not counting on it and would love the right to opt out.

To compare a liar, and extreme partsian like Warren ( she supported OWS ) to a responsbile, intelligent and man willing to work across the aisle is a joke.

Warren is an embarssment to the State of MA which is saying smomething.

I'll take Ted Cruz over Granny any day.

 

[Que]

YAY!!! Cause math DOESN'T matter...gumdrops and lollypops for EVERYONE!

If you close your eyes and NEVER look under the bed or in the closet the monsters CAN'T get you.

I get that most people don't have the aptitude, education, or interest in numbers to wade through arcane actuarial drudgery...that's reasonable...not knowing if there is 30 cents, $30 or $300 in your checking account...sure- I get caught off guard like the next guy...

20 trillion, 86 trillion, 300 trillion...none of that is POSSIBLE.

But the ostrich head in the sand approach to governance on EASILY grasped round numbers (admittedly numbers of a "can't-get-your-head-around-it" magnitude) is laughable.

A pox on both houses...we CANNOT in anyway even meet pre-bush <lets pay for seniors drugs compassionate 'conservative' crap> obligations. Now you want free healthcare...lets add vision, dental, free housing, and hell a paycheck whether you work or not...yay!!!!

 

[Que]

Yeah, a pension plan which is indexed to inflation, independent of the stock market, includes disability benefits, and pays survivor benefits to your dependents is the way to get fucked.

Indexed by WHOM? You OK if say, the evil Paul Ryan that knows more about the minutiae of the budget anyone since Jack Kemp gets to tinker with that formula? How about a future fictional conservative tightwad appointee doing so?

You are simply proud of your governments ability to provide a hedge against inflation..(that they CREATE through monetary policy and taking capital out of useful production)???

You consider SS a good investment of your earned income? If you put 15% of the money your employer sets aside for payroll every two weeks into a passbook savings account, zero-coupon treasuries, Hell, $50 US savings bonds you would have FAR more income stream off of that after say 35 years of working than SS has ever paid and that number can ONLY get worse. PLUS you would have the PRINCIPAL to pass on to your heirs.

DO you ACTUALLY believe that nonsense??

I think that's what makes a liberal a liberal, the ability to simply ignore reality and substitute their own cause it sounds great to each other.

SS was a GREAT deal for the first recipients...they paid virtually nothing and got benefit..no ponzi scheme can succeed...even if administered brilliantly by a government at the point of a gun.

 

[Que]

If your IRA collapses in the market and your pension provider goes missing, who do you sue to get them back?

Why would my IRA "collapse" in the market? It can be invested in anything you like including US treasuries, real estate, gold, sheep, anything you can possibly decide to put it into..any currency, anywhere...I'd have to think about it but probably take the entire balance and invest in some on-going concern you control...your business, your little ranch whatever. It is YOUR capital...capital is capital because it can return income when invested.

You think only people so brilliant they could only find work with the government are smart enough to be trusted with YOUR capital?

Government can hold your money (maybe) or spend your money...it cant make your money grow.

Its OK not to know ANYTHING about how capital works and what it can do for you...their are people who do that for a living...they are not the evil ogres your liberal professors warned you about. The liberal professors can spend their whole paycheck because they are in a separate quite lucrative (for now) ponzi scheme called a state pension plan. Investment advisers and financial planners take a small fee to help you diversify, manage risk to whatever YOU are comfortable with. If you really are as (not snarky here) as lets say not conversant on the subject as you appear, pay a small fee to a financial planner that does NOT sell anything...ie no brokerage license...so he doesn't screw you by playing to your fears and putting you in "safe" low yield/high commission products...

come to think of it I lied they are (for the most part) evil ogres. But so are most car salesmen, insurance salesmen, realtors, attorneys, jewelers, retailers, appraisers, bankers, neighbors, and girl scouts...they are all greedy bastards, but deal with THEM? right? You can find one. ask around.

Maybe I should go do that.

 

[RobDownSouth]

Wrong headed, an employers has every right to know a person history. Someone irreospinability has toi be taken into account

Show us some research showing financial history is directly related to a person's ability to do a job.

Like Warren said in the article that you obviously didn't read, most bad credit is related to people's inability to pay bills due to factors beyond their individual control such as medical expenses or past job loss.

We're just coming out of the Bush recession and a lot of otherwise perfectly qualified candidates are being penalized for their inability to find work in the past recession. That's not irresponsibility (or "irreospinability" as you like to call it).

 

[Dazzle1]

Show us some research showing financial history is directly related to a person's ability to do a job.

Like Warren said in the article that you obviously didn't read, most bad credit is related to people's inability to pay bills due to factors beyond their individual control such as medical expenses or past job loss.

We're just coming out of the Bush recession and a lot of otherwise perfectly qualified candidates are being penalized for their inability to find work in the past recession. That's not irresponsibility (or "irreospinability" as you like to call it).

Liz Warren aka Liawatha has no respect or knowledge on how business need to work

 

[RobDownSouth]

Liz Warren aka Liawatha has no respect or knowledge on how business need to work

I disagree. She has an extraordinarily in-depth knowledge of business, particularly banking regulation.

 

[miles]

You really have a problem with Jews don't you.

Rob has problems just making it through the day.

 

[RobDownSouth]

Rob has problems just making it through the day.

Not at all, but thanks for caring.

 

[jeninflorida]

Your bitter tears makes Warren's victory all the more satisfying.

p.s. you're still young enough to work enough quarters to qualify for Social Security someday. Good luck with your job search.

Clearly you and the other socialists retards are a special kind of stupid

 

[landslider2000]

Kessler did credit Obama with telling three of the biggest lies of the year.

But absurdly inaccurate to call W Post editorial scribblers "conservative."

 

[KingOrfeo]

A little bit before my time.

The Enron scandal happened in W's second term. Not so long ago.

 

[KingOrfeo]

If you close your eyes and NEVER look under the bed or in the closet the monsters CAN'T get you.

True.

 

[KingOrfeo]

You are simply proud of your governments ability to provide a hedge against inflation..(that they CREATE through monetary policy . . .

Not lately, they don't.

. . . and taking capital out of useful production)???

What capital?

 

[VaticanAssassin]

The Enron scandal happened in W's second term. Not so long ago.

You are just a wealth of misinformation huh? Stick to C&P propaganda......

They went BK in 2001.

They actually started setting up mass limited liability special purpose entities that started the whole fucking mess in 1993.

 

[jeninflorida]

You are just a wealth of misinformation huh? Stick to C&P propaganda......

They went BK in 2001.

They actually started setting up mass limited liability special purpose entities that started the whole fucking mess in 1993.

Those like KingOfTards are the new bread of obana welfare citizens

 

[Que]

Not lately, they don't.



What capital?

I assume you mean what IS capital...

Oh that's right you are a liberal...if someone removes capital from the available pool of working capital, magical raindrops of money refill that pool.

A economy (fictionally) running on all 8 cylinders produce EXACTLY the same amount of horsepower if you cut off fuel to one. The seven remaining cylinders will be just as productive as all eight were because you will it so.

Now that we are chugging along on three cylinders, lets cut fuel more to raise more horsepower.