Ah, this brings back memories.
Associated Press headline: "Bush Backs Soc. Sec. Bill Without Accounts"
Leading you to believe: President Bush will set aside his support for private accounts in favor of just fixing Social Security.
Relevant fact: "This in no way should be interpreted to mean that the president is backing off of personal accounts," White House spokesman Trent Duffy said. "He is not." (Quote in the article)
Associated Press headline: "2004 not the breakout year for youth vote after all"
Leading you to believe: Young people failed to vote in 2004.
Relevant fact: Turnout was up 9 percentage points from 2000, with more than 21 million 18-29 year old voters---nearly 5 million more than 2000, and a surge that far outpaced any other age group.
Associated Press headline: "Bush Backs Soc. Sec. Bill Without Accounts"
Leading you to believe: President Bush will set aside his support for private accounts in favor of just fixing Social Security.
Relevant fact: "This in no way should be interpreted to mean that the president is backing off of personal accounts," White House spokesman Trent Duffy said. "He is not." (Quote in the article)
Associated Press headline: "2004 not the breakout year for youth vote after all"
Leading you to believe: Young people failed to vote in 2004.
Relevant fact: Turnout was up 9 percentage points from 2000, with more than 21 million 18-29 year old voters---nearly 5 million more than 2000, and a surge that far outpaced any other age group.
posted by Hans Riemer at 5:20 PM
7 Comments:
Major Consumer Protection Bill Passes House Committee
Word out of the House Appropriations Committee this afternoon is that Rep. David Obey (D) muscled through an amendment that will prevent credit card companies from using any unrelated negative information contained in an individual’s "credit report" to raise interest rates, unless that negative information was directly related to the individual’s account with that issuer. This would outlaw the so-called "universal default" practice whereby credit card companies jack up your interest rates because, for instance, you've paid an unrelated bill late.
Obey passed his amendment as part of the FY2006 Treasury Postal bill. The measure now moves to the full House and Senate, and then to a conference committee. Be on the lookout to see if the credit card/banking industry gets one of its bought-off Republican cronies to strip out the amendment before the bill passes Congress.
http://www.davidsirota.com/2005/06/major-consumer-protection-amendment.html
How is the above related to the original post?
POST
>Relevant fact: "This in no way should be >interpreted to mean that the president is >backing off of personal accounts," White >House spokesman Trent Duffy said. "He is >not." (Quote in the article)
/POST
All fiscal conservatives should thank God that Bush's "privatization" plan seems to have stalled. The worst thing that could happen for fiscal conservatives is to allow the government to control private accounts for individuals. If it had passed it would have allowed for governmental control of our equity markets. The best outcomes from a fiscally conservative perspective are either the status quo or benefit cuts be they outright cuts or raising of the benefits age which would be a step towards the program's end. After 2017 under that status quo, the program will start sucking money out of the government's general fund, thereby making it harder for it to spend so much damn money on it's normal bullshit budget outlays. Or if we elect to cuts benefits in any way, that would be a step towards making people less dependent on it, yet another positive fiscally conservative result. Fiscal conservatives should fight hard to oppose any tax increases but more importantly any attempt to seriously 'save the system' by government controlled 'private accounts' which might actually allow the system to continue indefinitely by creating government controlled personal accounts where the U.S. government gets to be part or every corporate boardroom in america and gets to control which stocks we can invest in.
www.socialslavery.com
Noid- none of your measures would push towards an end of this system. People are glued to Social Security. They worship it, even though when you do the math, it comes out to be quite the scam. The Bush plan was really the closest we would ever get to having some personal control of the system, and now that that seems to be going out the window, all we're going to get is the same old Social Security, plus fiscal problems. This system will NEVER be scrapped. Hans Reimer would kill himself if that ever happened!
[url=http://www.foxnews.com/story/0,2933,148284,00.html]
Read an article on how dishonest Rock the Vote is![/url]
QUOTE:
Noid- none of your measures would push towards an end of this system. People are glued to Social Security. They worship it, even though when you do the math, it comes out to be quite the scam. The Bush plan was really the closest we would ever get to having some personal control of the system, and now that that seems to be going out the window, all we're going to get is the same old Social Security, plus fiscal problems. This system will NEVER be scrapped. Hans Reimer would kill himself if that ever happened!
/QUOTE
So long as payroll or income taxes aren't raised then as the social security surplus shrinks and becomes a deficit around 2017, the government has 3 choices, cut socialist insecurity "benefits" in some way to assure that the program doesn't suck money out of the general budget, cut general budgetary items to allow the treasury to pay back the special IOUs it has issued to the social security program, or have the treasury borrow tons of money which will finally not be hidden off budget like those treasury IOUs isssued to the SSA and actually called a 'trust fund' as if it actually had money. Now you're saying that the first option will never happen but I think that after some of 2 and 3 are tried, it'll be easier to persuade people that 1 is a good idea. Also, the reason why people like SS is that old people have actually done rather well in it, just like the first ones in any ponzi scheme. And younger people like the fact that they *think* they don't have to bear such a big burden to pay for it since they typically don't see the 13% of their paychecks they could have invested. If we just insist that taxes aren't raised, then when it becomes the fiscal crisis it is on course to be, it will be easier to show how bad the system is. But beyond that, what I really think we should do is enact some kind of phase out plan right now where anyone under say 50 to 25 has both their expected benefits and payroll taxes cut on a scale where 50=100% and 25=0% anyone under 25 is out of it. This would have the effect of forcing to pay for the problem now rather than later. We'd probably have to borrow money in the general budget to make up for the 16-25 year olds no longer in the system but then we'd at least have the problem on-budget and the problem would be being closer to solved every year.
www.socialslavery.com
Social Security: End It, Don't Mend It!
At least Noid has priciples. He doesn't beleive in ss and wants it gone. The rest of you have no principles. You just blindly follow the republican party privitization scam. A scam that is against conservative principles. Republicans won't cut payroll taxes because it effects the majority of people. Grover Norquist has said this publicly. It would turn ss into a what conservwtives consider a big government bureaucratic program bound to be corrupt. Because conservatives don't trust goverment programs. It would add more to the debt and deficit because money would have to borrowed to finance privitizations. Conservatives are supposed to be fiscally responsible. And privitization would not fix the solvency problem of ss.
Don't agree with you noid but you clearly do not contradict yourself or your beleifs. It's the little r republicans that blindly follow the bush ideology without knowing what it means to be conservative, the 30%er's that follow whatever their party and the the right wing echo chamber say that I have a problem with.
2008 can not come any faster...I heard Hilary Clinton might run...I'm voting for her...she is a very smart woman if you ever have a chance to read about her you should...i still think john kerry did a good job, despite what other people say...they are just narrow minded in my mind. .....at least he can't distroy this country for much longer
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