Slashdot Mirror
State of the Union
travis slack writes "President Bush used his State of the Union speech to press home key domestic and international agendas. At home he promised to reform Social Security for future generations. Looking overseas, Bush vowed to spread freedoms around the world while continuing the war on terror, and he pointed to Iraq as a symbol of change."
Is this country really that divided? I mean there's no question the situation in iraq is dead serious.
And on social security privatization there are waay too many smoke dischargers working. If you want the facts available you should look here.
If we have a common ground on the facts, only then you could argue wether the solidarity system currently in place is worth to be saved for the price of for example one percent of your income our if you want your lifesavings to be donated to the good cause of lockheed martin.
The level of calling-each-other-asshats is just amazing and ultimatively helps noone.
Code is Speech. No to Censorship.
There is no such as a trust fund
Yes, there is.
The current beneficiaries are paid from the general fund
No, they're paid from the Old Age and Survivors Insurance Trust Fund.
If you read the tax laws you would be surprised at the fact that even if you hit max payments with one employer the moment you switch employers you start all over on the deduction count.
On the assumption that the employee only has one employer. I can think of tons of reasons this makes sense. Illegals sharing ssn's, for instance. The Trust Fund gets to keep all the money since if you don't report the excess tax on your federal forms, you don't get it refunded. What if a prior employer didn't actually pay those taxes? Better to have the individual on the hook than the government _and_ the individual.
The key issue is to provide some means for younger Americans to realize a retirement and should they fail to live to collect it something to pass on to their survivors.
Ah, because the 401k's, 403b's, Roth IRA's, traditional IRA's, etc. we currently have are not available to young Americans and are not transferrable to heirs. Thank God Bush is finding a way to solve that problem.
I loose over $9,000 dollars a year to this non-investment.
I don't even want to get into how much I lose to the Defense Department non-investment every year, or at least every year since January 2001.
If I die before I can collect nothing will come of my "investment" for my family.
Except by dying, you DO collect. Looks like in 2003 over $25 billion was paid out in just such circumstances.
GROW UP.
Get educated on the issues. Stop listening to whoever's filling your head with these falsehoods.