HERE'S WHAT PEOPLE ARE SAYING...
I say "do nothing" on Social Security...and apparently, I've gotten some rather broad ranging support. Maybe even enough to form my own coalition. Here's a sampling of some of the best.
I was in my car and listening to your program on Social Security. Good program you have. I do agree with you on this topic for one thing The President says we can have control of our own money!! He says we can invest up to $1000 of our money and get 8 % interest . What world is he living in? There is no place here that is paying more than 3%to 4% on our money. If you add up what the government takes out of your check a week times 52 weeks you will see that most people in our income bracket is paying $1040 a year and our employer matches this amount. If you are allowed to put $1000 a year in to a special saving who will be paying into Social Security, and your employer will not be putting anything into the Social Security fund. You are correct to say there are other ways to save and most of the workers are offered 401KS.
Carol
I'm not saying there are other ways...well, there are...but I'm saying we shouldn't do ANYTHING about Social Security...leave it as is. When it goes bankrupt in 2017, our children and grandchildren can fix it then. For those who don’t have any extra money left over after taxes and Social Security are taken out of their checks…they’ll be the most motivated to fix the system.
Not sure where you invest your money, but I'm getting at least 10-percent return on my 401K and money market account with my broker. Even an index fund will get you more than 4-percent easy. Maybe in a CD or bond you get only 4-percent – you should check with your
broker.
You are seriously misinformed on how the Social Security system currently works and obviously delusional about how the President’s proposal is structured. It’s his fault for being a rotten salesperson on that, so I don’t fault you entirely…but you should really try and get out of the house once in a while. Or stop listening to NPR...
As for me, I plan on using my Social Security check I'll receive (maybe) when I retire to buy beer for all my friends each month.
Next?
I have two words which would solve several of the problems emanating from
Washington DC-TERM LIMITS.America is a country based on the concept of limited government and founded by those who held actual jobs within the general population, career politician not being one of these.
Problems such as Social Security and others could be prevented through common sense, long-sighted legislation and fiscal discipline as opposed to short-sighted pork barrel politics and wasteful spending aimed at "career" preservation.
The American taxpayer has more than upheld his/her end of the deal. It's time to give term limits serious discussion and consideration in America.
You actually were the one who inspired me to take the opposite approach. Do nothing on Social Security. Wait until its a problem. Call the Dems bluff. Sometimes we need a major event to happen to wake us up to a looming problem. 9/11 comes to mind...
Jay weighs in too...on a similar slant:
On Social Security: I have been in the life insurance business for over 40 years. In that time I have had to know a lot about the Social Security System as a salesman and as a trainer. For the last 15 years I have had to DEFEND this Federal program to young people who have been telling me, "I don't count on Social Security, it probably won't be there when I am ready to collect." Now, suddenly, according to "the polls" young people are opposing Social Security reform so it won't be "taken away." What's up? Either the President is the world's worst salesman (a possibility) or the education system has rotted out their brains. To the best of my knowledge, the president has only proposed so far that what ever reform occurs - one aspect of that reform should be ONE element of that reform should be individual ownership in a portion of ones "account."
I have been trying to promote a SLOGAN which applies to the subject of Social Security above, and just about everything else you can think of - PAY ATTENTION! Wouldn't it be great if we could get this message across to everyone for their own good - PAY ATTENTION! Stuff is going on around you that you ought to know about.
You’re correct…the President is the world’s worst salesman. I’m suggesting he should quit while he’s behind and leave the problem to the next generation. We have the internet now and we’ll be able to look back and say he was right when we get around to it again. My slogan? PAY NO ATTENTION until it bites you in the ass.
Seriously, we could form the DO NOTHING COALITION and sell bumperstickers as a fundraiser: I’m spending my grandchildren's inheritance!
Believe it or not, several Democrats have called and suggested I am right…and several Republicans agree with me. This could be the first time those two groups actually agreed on something in a long time.
And now…the kicker:
I'm being serious, Karl...it's a win win for Bush to just drop it. He's holding pocket Aces right now and he should call the bluff from the Dems and do nothing just to see their hand...Greg: I understand your current "sarcastic" position on Social Security. It is really sad for America that "politics" recently enters EVERY issue and it ends up one party versus the other party and discussion about the facts of the issue lost.
I would agree with your position if there is going to be a bill drafted with the name of the bill "The Ted Kennedy and Tom Harkin Bill for Do Nothing About Social Security until the Democrats retake the presidency and congress again".
He wrote back:
Excellent analysis and conclusion. Great strategy! Karl (P.S.You don't need to take your time and reply. Your show is outstanding and thought provoking, a breath of fresh air for Eastern Iowa.)
If only the President were listening.
