Obama may have trouble with the old folks

[thundernlightning]

I'm all set...thanks

curious, are you investing in the american stock market?

 

[redandguilty]

SS secures has liabilities over $50 Trillion....I like my plan

Then it's a $50 T handoff to the rich. New stock value isn't going to appear overnight. You pump all that money into stocks at once, demand and price go up. The prices go up, the value does not, rich people get richer because they own the stock before prices skyrocket. Then the relative values of stocks to everything else in the nation are out of whack. We would get screwed while the wealthy have the flexibility to pull out of the over-inflated stocks while the rest of us sit and watch as things correct and what was our SS money loses value to everything we don't have to tools to invest in. It would be a financial bloodbath, twice.

 

[Slick]

I am curious though, Slick, what are the interest rates on standard savings accounts across the border?

1.2 % where I deal

 

[Slick]

but you can also put up to 5,000 a year in a tax free account at 3% at my bank.

 

[tsmith7559]

curious, are you investing in the american stock market?

some........Im total debt free, I have a few houses free and clear and a lot of cash

 

[thundernlightning]

1.2 % where I deal

eww, just as bad if not worse than over here...

as stated above, savings accounts are useless for long-term savings programs.

 

[thundernlightning]

but you can also put up to 5,000 a year in a tax free account at 3% at my bank.

not bad, nice program for immediate savings

 

[tsmith7559]

CPP has a Maximum payout of less than $11,000/yr....and you're suppose to live on that, LOL

 

[Slick]

CPP has a Maximum payout of less than $11,000/yr....and you're suppose to live on that, LOL

if you have to live off CPP....then you had some serious issues in your life and deserve whatever it brings ya...lol

 

[Slick]

Canada also has O.A.S and G.I.S for those that need...we're socialists , we share the wealth...lol

 

[byco42]

you read Greenspan's book. he said they fixed it back in 1980, so it would stay fully funded. I don't remember the particulars, just throwing out another source of info.

not like I'd particularly believe Greenspan, but in this case, he was speaking against his own conservative, pro-banking, pro-business, anti-government instincts, so why would he make that up?

Here's one reason why Alan Greenspan's word is meat:
http://www.321gold.com/fed/greenspan/1966.html

 

[redandguilty]

Here's one reason why Alan Greenspan's word is meat:
http://www.321gold.com/fed/greenspan/1966.html

meat? like dead meat or dog meat? or what?