Dems attack Ryan plan to privatize Social Security

Aug 19, 2012 Read more: Fox News 2,024

FILE: Aug. 18, 2012: Vice presidential candidate Rep. Paul Ryan speaks to a crowd at Lake Sumter Landing Market Square in The Villages, Fla.

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Since: Jan 10

Las Vegas, NV

#1386 Oct 3, 2012
okb2 wrote:
<quoted text>
Republicans = Real stupidity.
Being afraid of personal responsibility and recongnizing the inherit capabilities of individuals are not unrelated. Paid professional money managers who manage mutual funds: How many meet or exceed their benchmark just in a given year? How many do it every year?
And these people are paid to do nothing but manage money all day long.
What chance do most part-timers have?
Mutual funds are a waste of time. Read the prospectus on most of them and they buy all the same companies. You can buy Apple, Microsoft, Exxon Mobil by yourself just like they can.

Google and research the following terms:

1. Pay yourself first
2. Dollar cost averaging
3. Dividend reinvestment
4. Direct stock purchase

In addition to that, stay out of debt to the maximum extent possible. Pay off your bills completely every months.

Anybody can do those things.

The hardest part is starting NOW. Don't wait. Start NOW.

Since: Jul 12

Chester, VA

#1387 Oct 3, 2012
Here in Vegas wrote:
<quoted text>
Mutual funds are a waste of time. Read the prospectus on most of them and they buy all the same companies. You can buy Apple, Microsoft, Exxon Mobil by yourself just like they can.
Google and research the following terms:
1. Pay yourself first
2. Dollar cost averaging
3. Dividend reinvestment
4. Direct stock purchase
In addition to that, stay out of debt to the maximum extent possible. Pay off your bills completely every months.
Anybody can do those things.
The hardest part is starting NOW. Don't wait. Start NOW.
I have been investing since the 80's and have been investing in stocks since the early 90's (IBM was my first when it was about $40 ($20 on the split adjusted price.)

That is why I know it is not for most people.

4. Most of the time you have to be stockholder before you can invest directly purchasing stock from the company.

Since: Jan 10

Las Vegas, NV

#1388 Oct 3, 2012
okb2 wrote:
<quoted text>
I have been investing since the 80's and have been investing in stocks since the early 90's (IBM was my first when it was about $40 ($20 on the split adjusted price.)
That is why I know it is not for most people.
4. Most of the time you have to be stockholder before you can invest directly purchasing stock from the company.
So, what are most people supposed to do? Do nothing and be dependent on the Gov't, a corporation or a union?

How did you learn to invest?? Probably the same way I did, getting of the lazy ass and doing the homework. Right??

BK
DUK
HEI
PSEG
SO
SE
WRI
XOM
BA
AEP
AEE
LNT
BAC
PFE

Do your homework

Since: Jul 12

Washington, DC

#1389 Oct 3, 2012
Here in Vegas wrote:
<quoted text>
So, what are most people supposed to do? Do nothing and be dependent on the Gov't, a corporation or a union?
How did you learn to invest?? Probably the same way I did, getting of the lazy ass and doing the homework. Right??
BK
DUK
HEI
PSEG
SO
SE
WRI
XOM
BA
AEP
AEE
LNT
BAC
PFE
Do your homework
SS and they can have a 401K. Employers match should help keep them from losing money if they stick with it.

AKS
AXL
AXP
AAPL
BRK'B
BA
CPLP
GE
GM
GM WARRANT A
GM WARRANT B
GNW
HXL
JCI
NE
X
VALE
WFC

ETFs:
EWX
EWM
EWW
IDX
BRF
IFN
IDX
GML

I also use ETFs to long and short gold, treasuries and natural gas.

Since: Jan 10

Las Vegas, NV

#1390 Oct 3, 2012
okb2 wrote:
<quoted text>
SS and they can have a 401K. Employers match should help keep them from losing money if they stick with it.
AKS
AXL
AXP
AAPL
BRK'B
BA
CPLP
GE
GM
GM WARRANT A
GM WARRANT B
GNW
HXL
JCI
NE
X
VALE
WFC
ETFs:
EWX
EWM
EWW
IDX
BRF
IFN
IDX
GML
I also use ETFs to long and short gold, treasuries and natural gas.
Good calls -- all. But why can't other people do this? How did you learn the trade? Back to my original point. Be responsible for your own retirement. Do trust others. They don't care about you one bit. 20,30,40 years from now they will be dead and gone.

Since: Jul 12

Chester, VA

#1391 Oct 4, 2012
Here in Vegas wrote:
<quoted text>
Good calls -- all. But why can't other people do this? How did you learn the trade? Back to my original point. Be responsible for your own retirement. Do trust others. They don't care about you one bit. 20,30,40 years from now they will be dead and gone.
Read, listen and learn from mistakes. It takes intelligence and personality traits and the recognition that you will make mistakes. If it was so easy mutual fund managers would always beat their benchmark and Buffet would not have made the bet against Hedge Funds.

You have to make enough money that an emergency does not make you dip into investments...not everyone has that. Then add in all the other stuff and it is even less people.

Since: Apr 12

Location hidden

#1392 Oct 4, 2012
LOL. Rising market floats all boats...ok, most of them.

The market does five times better under Democratic Presidents than Republiscums.

Since: Apr 12

Location hidden

#1393 Oct 4, 2012
Tony wrote:
Paul Ryan says we will let Social Security, Medicare, and Medicaid wither away on the vine.
Romney says he will kill BigBird immediately but keep Exxon Mobil on the corporate welfare teat.

Romney hates toddlers and mothers and families and, you know, bird puppets.
Real World Welcome

Miami, FL

#1395 Oct 4, 2012
Picking individual stocks gets most small investors creamed over the long run. A small investor's money spread over 1-10 individual stocks amongst one or just a few sectors spells lots of risk. Mutual funds are better , but Index Funds perform as good or better than most Mutual Fund and with lower fees (though typically higher transaction costs)

Since: Jul 12

Chester, VA

#1396 Oct 4, 2012
Real World Welcome wrote:
Picking individual stocks gets most small investors creamed over the long run. A small investor's money spread over 1-10 individual stocks amongst one or just a few sectors spells lots of risk. Mutual funds are better , but Index Funds perform as good or better than most Mutual Fund and with lower fees (though typically higher transaction costs)
The hardest thing to learn is when to sell.

Investor's Business Daily (I think on Thursday) lists how stock sectors and subsectors are performing. Pick ETF's that cover 4 of the top 10 sectors and replace them when they drop out of the top 10.
Pamela

Citrus Heights, CA

#1397 Oct 4, 2012
flbadcatowner wrote:
<quoted text>That's what they tell us on the campaign trail out of one side of their mouth. Out of the other side, they will promise more social spending depending on who is listening and where. The Republicans talk about spending cuts and rarely deliver. If they cut spending in one area, they will often offset that with increased spending in other areas. The bottom line is that both parties do not have a real deficit reduction program. Do you remember former VP Cheney's famous words? "Deficits Don't matter." Few if any GOP Senators or House members raised any objections to what was said by him and they also rubber stamped Bush's budgets which were far in the red.
this is exactly what Ron Paul was saying and that's why I kept trying to tell people about Ron Paulfor the last four years. He said starting in the 2007 debates that we were running up all of this new debt and that it would be our downfall. He talked about how both parties are addicted to spending and can't stop and how the Dems spend on social programs whereas the Repubs spend on war profiteering and to protect the oil companies. He was telling the truth. I never voted Dem because they created welfare and welfare only creates bad things, it's one of the biggest problems the country has. But, when the country collapsed at the end of Bush's term, I could no longer trust the Repubs and I heard Ron Paul saying what I had just seen, that both parties ran up so much debt and spend and spend and that the Dems can't stop spending on domestic programs and the Repubs can't stop spending on foreign policies. This is the problem. One party pays and pays out welfare, big state and local pensions with very early retirements, they pay out SS and Medicare, Medicaid, while the other party spends and spends on defense contractors, on the wars, invades the oil rich countries for the oil companies. And, it is on the National Debt Clock that our big spending items are Medicare/Medicaid, SS and military spending. So when Ron Paul said we have to make cuts both in domestic spending and in our foreign policy, both parties go nuts because all they can do is what they have always done, they can't change, and we can't afford either parties' policies any longer. It's no longer about running up billions in debt, since Bush and now Obama it's trillions in debt. Ron Paul was the solution but no one would listen because Fox tells the tea party to vote Republican and so they do what the TV tells them to do, and the far left is stuck back in the 1960s and can't move forward.
Pamela

Citrus Heights, CA

#1398 Oct 4, 2012
okb2 wrote:
<quoted text>
It has to change, it is not sustainable. SS and Medicare will drown us if it does not change soon. Both sides recognize that. The question is do you essentially kill the programs for future recipients or do you increase taxes SOME and save the programs for those that need them?
I have been saying for years that SS and Medicare have combined unfunded liabilities of over $120 trillion. It is on the national debt clock. I said we would have t create a large national sales tax in order to produce that kind of money to pay the baby boomers SS and Medicare. One problem is the World War II generation paid nothing into medicare and have used it up over the last 40 years, and, they were the ONLY generation to get SS and Medicare and both programs went broke. If you have an entire generation of people pay zero into a program and pay one-half of one percent of low wages back in the 40s up to the 1970s on those two programs for 40 years, obviously they sucked trillions of dollars more out of those two programs than they ever paid in, so the money the baby boomers were paying in went to the WWII folks over the past 40 years. And because people are living so long and because of medical care advancements which are very expensive, this is how the government calculated that it would need about $80 TRILLION just to give the 80 million baby boomers Medicare, that is $80 trillion beyond what they have paid into Medicare.

But I think the only mistake Romney made last night was saying that yes, people who have other incomes retired will have to pay more for Medicare. I think the tea party is mainly old people who have other government pensions and/or union pensions, so in a way, Romney lost a lot of tea party votes by saying that. It's true, but I don't think anyone realizes that the tea party is old folks on SS and Medicare who have other incomes retired.
Pamela

Citrus Heights, CA

#1399 Oct 4, 2012
Here in Vegas wrote:
<quoted text>
No no no. Don't give your money to corporation or unions. Invest it yourself.
As we all know, Bush robbed SSI blind and wasted the money on tax cuts and wars. That's a fact. What prevents that from happening again? Still trust Gov't??
Did you know that every Gov't pension fund in the US except SSI invests in the stock market? They all do derivatives, hedging and MBS too. Still trust Gov't?
Liberals = afraid of personal responsibility
But people wanted tax cuts and they did not want their taxes raised to pay for the wars. That's the problem. I see so many Fox followers who say they want a third war, a big war with Iran. But then ask them if they want their taxes raised ten percent to pay for it. NO, no they don't. Ask them if they want the draft reinstated. NO, no they don't. Ask them if they would rather get SS and Medicare OR have another big war since those are our three biggest spending items, and they say NOTHING. What they do is they repeat Hannity and Cheney saying to have another war but they don't want to pay for it nor fight in it. So this is how you run up debt or you take the money from SS to pay for the wars. The tax money has to come from somewhere to pay for all of these things.

If we were being realistic about it, we would have to end the Bush tax cuts to pay for a war with Iran, and at the same time create a national sales tax of about 25 percent to pay out SS and Medicare to the baby boomers. People want huge entitlements, money for life retired, medical care for life retired, war after war. Well that would require big, big taxation. The tea party just demands all of this huge, huge spending and also demands lower taxes. They don't EVER think about what they are saying.

Since: Apr 12

Hunt Valley, MD

#1400 Oct 4, 2012
Pamela wrote:
<quoted text>this is exactly what Ron Paul was saying and that's why I kept trying to tell people about Ron Paulfor the last four years. He said starting in the 2007 debates that we were running up all of this new debt and that it would be our downfall. He talked about how both parties are addicted to spending and can't stop and how the Dems spend on social programs whereas the Repubs spend on war profiteering and to protect the oil companies. He was telling the truth. I never voted Dem because they created welfare and welfare only creates bad things, it's one of the biggest problems the country has. But, when the country collapsed at the end of Bush's term, I could no longer trust the Repubs and I heard Ron Paul saying what I had just seen, that both parties ran up so much debt and spend and spend and that the Dems can't stop spending on domestic programs and the Repubs can't stop spending on foreign policies. This is the problem. One party pays and pays out welfare, big state and local pensions with very early retirements, they pay out SS and Medicare, Medicaid, while the other party spends and spends on defense contractors, on the wars, invades the oil rich countries for the oil companies. And, it is on the National Debt Clock that our big spending items are Medicare/Medicaid, SS and military spending. So when Ron Paul said we have to make cuts both in domestic spending and in our foreign policy, both parties go nuts because all they can do is what they have always done, they can't change, and we can't afford either parties' policies any longer. It's no longer about running up billions in debt, since Bush and now Obama it's trillions in debt. Ron Paul was the solution but no one would listen because Fox tells the tea party to vote Republican and so they do what the TV tells them to do, and the far left is stuck back in the 1960s and can't move forward.
Uh, Medicare/Medicaid and Social Security are not included in the debt.Both are funded seperately and have operated very well for decades . While it sounds fiscally responsible to say that everone should plan on their own for what ever life has to throw at them , this is just not practical. Why is it when we talk about trimming the budget we always seem to go after social programs, yet we have 700 plus bases outside the US. For what purpose?.

Since: Jul 12

Chester, VA

#1401 Oct 4, 2012
Son of SickNTired wrote:
<quoted text>
Uh, Medicare/Medicaid and Social Security are not included in the debt.Both are funded seperately and have operated very well for decades . While it sounds fiscally responsible to say that everone should plan on their own for what ever life has to throw at them , this is just not practical. Why is it when we talk about trimming the budget we always seem to go after social programs, yet we have 700 plus bases outside the US. For what purpose?.
When you hear of a figure "Public Held Debt" it does not include the SS/Medicare trust fund money. However, that figure is lower than the "debt" figure subject to the debt ceiling limits. That debt includes what is owed to SS/Medicare through Treasury Bills deposited into the trust funds in exchange for the cash that was there.

Dirty Secret: The middle class has been subsidizing tax cuts for the 5% by letting the government borrow from the trust funds which are funded primarilly by the middle class.

Medicaid is funded out of income tax monies and has no trust fund.

Since: Apr 12

Location hidden

#1402 Oct 4, 2012
Pamela wrote:
<quoted text>I have been saying for years that SS and Medicare have combined unfunded liabilities of over $120 trillion. It is on the national debt clock. I said we would have t create a large national sales tax in order to produce that kind of money to pay the baby boomers SS and Medicare. One problem is the World War II generation paid nothing into medicare and have used it up over the last 40 years, and, they were the ONLY generation to get SS and Medicare and both programs went broke. If you have an entire generation of people pay zero into a program and pay one-half of one percent of low wages back in the 40s up to the 1970s on those two programs for 40 years, obviously they sucked trillions of dollars more out of those two programs than they ever paid in, so the money the baby boomers were paying in went to the WWII folks over the past 40 years. And because people are living so long and because of medical care advancements which are very expensive, this is how the government calculated that it would need about $80 TRILLION just to give the 80 million baby boomers Medicare, that is $80 trillion beyond what they have paid into Medicare.
But I think the only mistake Romney made last night was saying that yes, people who have other incomes retired will have to pay more for Medicare. I think the tea party is mainly old people who have other government pensions and/or union pensions, so in a way, Romney lost a lot of tea party votes by saying that. It's true, but I don't think anyone realizes that the tea party is old folks on SS and Medicare who have other incomes retired.
Did you get a job yet?

Total BS. Romney doubled down on his promise to end Medicare in 2016. That's it. Four more years...of Medicare under Ryan/Romney while Romney gets a 0.82% tax rate on $21M in annual income.

The choice is stark and very clear.

Medicare is much MUCH more efficient than private health insurance even as ObamaCare tries to rein in the inefficiencies and management bloat of private insurance companies. Some people got rebates this year. Amazing.

Medicare is just a part of health care industry in the USA that is out of control. Demographics plays a big part as does the increasingly unhealthy American diet. Americans are sicker, at younger ages, than before. It is not just seniors who are probably, year for year, healthier than their grandkids.

SS is not a retirement fund you pay into, it is an insurance program and would be solvent as far as the eye can see if it were made flat and not regressive. Remove the stupid income contribution cap entirely. Period. That's it. Remember those 401K's? Remember pensions?

I guess you think it would be peachy to have seniors back into eating cat food and living in boxes under the bridge.

Since: Jan 10

Las Vegas, NV

#1403 Oct 4, 2012
okb2 wrote:
<quoted text>
Read, listen and learn from mistakes. It takes intelligence and personality traits and the recognition that you will make mistakes. If it was so easy mutual fund managers would always beat their benchmark and Buffet would not have made the bet against Hedge Funds.
You have to make enough money that an emergency does not make you dip into investments...not everyone has that. Then add in all the other stuff and it is even less people.
Oh brother, made plenty of them. Little ones and big ones.

The savings rate in this country has steadily declined over the last 40 years or so. Last couple years there's been an uptick in savings, but the trend is clearly down. A 40 years trend can't be blamed on any single President, recession, economic or salary situations. The reason is people are abdicating responsibility; in most cases to the Gov't. Why bother? The Gov't will pay SSI for me. Our society has a very myopic view.

Young people today need to figure it out and start savings for their own retirement -- period. No excuses, make it happen.

Since: Jan 10

Las Vegas, NV

#1404 Oct 4, 2012
Pamela wrote:
<quoted text>But people wanted tax cuts and they did not want their taxes raised to pay for the wars. That's the problem. I see so many Fox followers who say they want a third war, a big war with Iran. But then ask them if they want their taxes raised ten percent to pay for it. NO, no they don't. Ask them if they want the draft reinstated. NO, no they don't. Ask them if they would rather get SS and Medicare OR have another big war since those are our three biggest spending items, and they say NOTHING. What they do is they repeat Hannity and Cheney saying to have another war but they don't want to pay for it nor fight in it. So this is how you run up debt or you take the money from SS to pay for the wars. The tax money has to come from somewhere to pay for all of these things.
If we were being realistic about it, we would have to end the Bush tax cuts to pay for a war with Iran, and at the same time create a national sales tax of about 25 percent to pay out SS and Medicare to the baby boomers. People want huge entitlements, money for life retired, medical care for life retired, war after war. Well that would require big, big taxation. The tea party just demands all of this huge, huge spending and also demands lower taxes. They don't EVER think about what they are saying.
Pamela. You are way too pre-occupied with Gov't. Your retirement is your responsibility. Take charge of it. Stop being a dependent waiting for a handout. If others want that, that's thier problem. Let them live with the outcome of thier choices. Who gives a rat's ass what the Gov't does. I want the Gov't to cut taxes deeply. I'd jump all over that like a faggot in boy's town. I can certainly do better then they are.

Since: Jan 10

Las Vegas, NV

#1405 Oct 4, 2012
You people dependent on the Gov't for your retirement needs are grossly misguided. SSI and Medicare are going broke and everyone in the visible universe knows it. If you continue to rely on it, be happy with the few crumbs they drop on the ground for you.
imaginaryfriend

Garden City, MI

#1406 Oct 4, 2012
For important facts about Paul Lying Ryan go to mousepadpolitics.com

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