On 6/7/05 2:33 PM, "Dan Minette" <[EMAIL PROTECTED]> wrote: > I'm glad to see that there are still sensible Republicans (like Bush 1) who > know that voodoo ecconomics don't work. Maybe a father and son talk would > help our deficits. :-)
No it wouldn't. We create deficits because we like to spend other people's money. It makes us feel good, it gives us power and comfort. Irregardless of who ever is president at any given time great sums of money have been spent on people who for some other reason or another couldn't take care of themselves. Now we are in trouble because the group who couldn't take care of themselves now include members of "I won't take care of myself", "my problems are because of somebody else so you have to take care of me", and " I'm entitled to it, so give me what I want". So company funded pension plans are simply imploding due to costs that were never imagined. How does that make ANYTHING the government has to offer any different? If you started a business that worked like social security, you would be in jail. As much as you like to bash companies for acting in self-interest, I just want to point out that the government funded alternatives face the same problem. Oh my solution? Since we younger gen's have to wait you boomers out, and there is no way you are going to let us off the hook. I will propose the following: 1. Keep social security and Medicare open for business for those currently over 35. 2. Those 35 and unders will still have to pay the way for those above them. But they will have to invest at least 10 percent of their wages into some kind of investment. Anything beats the government, because they too can back out of their promises. No SS or Medicare for this group unless they are have no money. 3. At 65, if you have more than 500,000 in net worth you get nothing from the government. That would change if you ran out of money, of course. The only positive thing us under 35 people get is the comfort of getting rid of something that won't work, for the benefit of the next generation who won't have to pay in to schemes designed for power, comfort, and good feelings. Matthew Bos (Who will be in Tucson AZ for the next week or so. Please pardon my lack of response until I get back) _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
