Results 1 to 10 of 122
Thread: Obama's Speech was awesome
-
09-09-2011 #1
Obama's Speech was awesome
I would just like to say though to the Congress who don't pass this and the ones against social security, older Americans paid into Social Security with every paycheck. Their benefits aren't some kind of charity or handout! Congressional benefits - free health care, outrageous retirement packages, 67 paid holidays, three weeks paid vacation, unlimited paid sick days now THAT'S welfare. And Congress has the nerve to call Social Security and Medicare, entitlements? Re-post if you are sick of their crap, and ashamed of our "leaders."
Let's see their benefits and cushion jobs taken away and see how they cry.
Obama was right when he said you want to wait 14 months..Americans don't have 14 months..WAKE UP
My official Adult Blog
http://www.kellypierceblog.com
My Official Blog for my TS Sisters
http://www.secretkelly.com
My official Cam Site
http://www.kellysdreamhouse.com
-
09-09-2011 #2
Re: Obama's Speech was awesome
Last edited by BellaBellucci; 09-09-2011 at 07:09 PM.
-
09-09-2011 #3
- Join Date
- Nov 2004
- Posts
- 1,387
Re: Obama's Speech was awesome
Social Security is the greatest Ponzi Scheme ever perpetrated on the world. It makes Madoff look like a rank amateur.
-
09-09-2011 #4
-
09-09-2011 #5
Re: Obama's Speech was awesome
Really? That's funny. A Ponzi scheme is when an investment broker uses someone else's money to pay the return on your investment. Isn't that precisely what social security does? Sure, our elders paid into the system and deserve to get their return, but they aren't being paid back with the gains from their investments, they're being paid back by those of us who work and pay into the system now. So actually, it's a textbook Ponzi scheme, even if it's well-intended.
~BB~
-
09-09-2011 #6
-
09-09-2011 #7
Re: Obama's Speech was awesome
-
09-09-2011 #8
-
09-09-2011 #9
Re: Obama's Speech was awesome
Glad to see you've found the political forum Kelly.
-
09-09-2011 #10
Re: Obama's Speech was awesome
That's a funny textbook you got there. Might do more good (& less harm) as a paperweight though. Ponzi schemes involve fraudulently bringing in new investors who don't know where their money goes or comes from. SS is totally transparent. By your definition everything that counts on future gains is a ponzi scheme: private investments, 401k etc. Hell even reproduction is a ponzi scheme because we're putting in all this work on the Ponzi assumption that the kids will grow up someday & continue the species.
The most important distinction is that Ponzi schemes implode quite quickly. Otherwise they'd be Ponzi Amazing Investments. SS has been successfully performing for 70 years & will continue to do so, at a minimum of 75% of full benefits if we do nothing at all It could easily be 100% or more with a small tax adjustment.
Similar Threads
-
Awesome! Totally Awesome! Shoot an Elephant, get free food
By PomonaCA in forum General DiscussionReplies: 9Last Post: 04-03-2011, 06:45 PM -
Obama's speech to Muslims
By tstv_lover in forum Politics and ReligionReplies: 8Last Post: 06-25-2009, 06:25 AM -
Barack Obama's acceptance speech
By dbev in forum Politics and ReligionReplies: 7Last Post: 09-01-2008, 05:44 PM -
Barack Obama's acceptance speech
By dbev in forum General DiscussionReplies: 7Last Post: 08-30-2008, 05:21 PM -
Best Man's Speech!!!!!!!!!!
By TheBigTreesy in forum General DiscussionReplies: 8Last Post: 06-30-2006, 01:52 AM