Re: President Bush, Great Job - Nancy Peloci, oh brother.
Originally posted by PW2:<br /> There are numerous things I did not understand about the speech.<br />1st- What is our policy in Iran? We want them to give up their nuclear program, but are we to join with the Europeans in talking with them, or are we planning to do this by ourselves by force.<br />And are we saying that we will help the citizens mount a coup with military force? And how is that policy going to convince them to give up their nuclear program?<br /><br />2nd SS -- I simply don't understand how personal accounts do anything at all to make the system solvent, other than to cut benefits, and create a zillion private accounts that some broker has to handle, for a fee, of course.<br /><br />there are a whole bunch of other things as well, but those two are enough for now.<br /><br />I do agree that Pelosi and Reed gave a pretty lame response--but that does not mean Bush is on track
PW2, I was a little unclear on the whole Iran thing too. I think he means that we are going to try to talk them out of nukes. As far as help stage a coup, he might mean that. At the very least I got the impression that he meant, "Hey Iranians, if you overthrow your government on your own & start a democracy... We Got Your Back" I don't think he meant we'd go in & do it for them, a la Iraq.<br /><br />Personal private accounts let you have direct control over some of the money that you are already contributing (that goes to other people, by the way, not to you). They would also gte a better return that the government gets on it's "investments"<br /><br />My question is this, why would I (32 years old) want a personal account through Social Security, when I have a 401k already? Cause the money is not "guaranteed" in a private account, just like my 401k is not. I'll have to do some reading on this.<br /><br />But the simple math is this, if your income is taxed at 12% (you pay 6% your employer pays 6%) up to $90,000 a year, that's only $10,800 a year you put in. Well, if everybody paid there own, and that's where we are heading, that would mean our Social Security benefit would be $900/mo.<br />At that point, I am thinking, geee, thanks but no thanks, I'll keep my money & invest it myself & get more than $900.month when I retire. Does that make sense to you all?
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