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When the Social Security system began, its aim was to help ordinary Americans and those in disadvantaged positions to have adequate financial security in their retirement years. However, as this analysis has shown, the current Social Security system may actually decrease the lifetime wellbeing of many socioeconomic groups, even under the most favorable assumptions. Among the groups who will lose out under the current system are single mothers, low-income single males, average-income married couples with children, and even affluent professionals.
Heritage was founded in 1973 by the anti-labor, racist, homophobic brewery magnate Joseph Coors together with prominent right-wing activist Paul Weyrich and wealthy right- wingers Richard Scaife and Edward Noble. . . . In the early 1980s, Heritage reported that "87 top corporations" were supporters. By 1995, it had an annual budget of $25 million.
Originally posted by grover
the heritage foundation is a blahblahblah front for the hard right and the repugnican party and everything they say is suspect at the very best if not out and out propaganda hiding behind the misnomer "think tank". I wouldn't believe a word they said, if they claimed the sky was blue I would look out my window to check it for myself....same with Bush...there's a bumpersticker i like that says..."Bushes lips are moving therefore he must be lying. "
Originally posted by dawnstar
Treasury Bonds aren't a good investment??
Program revenues not needed in the current year to pay benefits and administrative costs are invested in special non-negotiable securities of the U.S. Government on which a market rate of interest is credited.
That's what you're saying ya know...
Investing in our nation doesn't give a good payback, better to invest in the Corporations, where the money is.
But would the money be there, if the federal taxmoney was suddenly taken out of the system...the business grants, tax shelters, public aide programs, drug and medical research...ect. ect...
Maybe instead of investing the social security funds into treasury bonds, we should be investing them into Iraqi Dinars?
Originally posted by Byrd
The problem with "individual investment accounts" is that the stock market ain't for most people. I know whereof I speak... hubby's been in it for 20 years and in the last 6 years (when the market got REALLY bad), his stock (in the defense contractor where he works) just tanked to 1/3 of its original value.
...and don't mention funds to me. I had my money in a fund and found that for 3 years straight I put in $1,000 in contributions and at the end of the year, the amount in my 401K fund was LESS than when I started the year (the funds consistantly lost $1,100 or more for 3 years in a row.)
It's a BAD solution. If you don't believe me, go to finance.yahoo.com and set up a pretend portfolio and "invest"$100/month in it. You'll find out pretty quickly what a bad idea it can be.