Rick Perry
 

http://www.tortreform.com/news/gov-p...-creating-jobs

In the history of the United States since the Civil War the wealthy have always smashed the poor. Rick Perry's tort reform will do nothing other than to limit your options when someone powerful does something harmful or unlawful to the middle class or lower.

Rick Perry regards Social Security as a Ponzi scheme. He should be regarded as Social Security hostile. That should be enough for you to vote against him in a primary or federal election.

Rick Perry's referring to Social Security as a "ponzi scheme" is the best definition of Social Security funding I've ever heard. How is he wrong?

:confused:

William (Bill) H. GatesComputer Software Marketing Genius
The Bill and Melinda Gates Foundation
Fortune: Co-founder Microsoft Corp.
Legacy: The Bill and Melinda Gates Foundation
Foundation Assets: $24,082,053,000
2002 Giving: $1,158,280,084
Major Funding Areas: global health, education, libraries

Henry FordMass Production Automobiles Ford Foundation
Fortune: Ford Motor Company
Legacy: Ford Foundation
Foundation Assets: $9,300,140,000
2002 Giving: $509,700,353
Major Funding Areas: culture, education, environment, health and human services, public policy, religion

Eli Lilly and FamilyFortune: Founder Eli Lilly and Company
Legacy: Lilly Endowment Corp.
Foundation Assets: $10,054,031,550
2002 Giving: $557,097,523
Major Funding Areas: religion, education, community development

Cornelius Vander StarrGlobal Insurance Entrepreneur
The Starr Foundation
Fortune: Founder of American International Group Inc.
Legacy: The Starr Foundation
Foundation Assets: $4,781,056,809
2002 Giving: $245,469,098
Major Funding Areas: education, medicine, human needs, public policy, culture

J.Paul GettyFounder of Getty Oil J. Paul Getty Trust
Fortune: Founder of Getty Oil Company
Legacy: Getty Trust
Foundation Assets: $8,623,795,970
2002 Giving: $21,047,815
Major Funding Areas: research, education, conservation of art, leadership, professional development.

This and more can be found at http://www.plannedlegacy.com/newslet...thropists.html

Katz, all that does is lower their federal, state and local taxes. Do you really think they would give it away if not for the tax breaks? Really now.

I cannot tell what their motives are as I cannot read what is in their hearts and minds. Who cares? I also get to deduct my charitable contributions. I guess it is only fair that they get to also.

People who make charitable contributions reduce the amount if income that is subject to tax - these contributions do not reduce the amount of taxes owed dollar for dollar.

If you are in a 25% income bracket and choose to give $1,000 to the charity of your choice, you reduce your taxable income by $1,000. However, you reduce your tax obligation by only $250. You are out a net $750. In effect, you give away $750 and obligate the rest of us for the $250 deficit. If you choose to give to the charity of your choice, that should be your business and your business alone. The government should not kick in.

Social Security is, by defination, a Ponzi scheme. If a business were to have such a defined benefit plan, the officers would be put in jail.

Social Security
 

All those who are opposed to Social Security are invited to send it back. The reason that Fox News et cetera are against it is because corporations have to kick money into it.

Hmm Words have meanings. I did not hear anybody opposed to Social Security. I did hear how the government robbed it and now it is in danger of bankruptcy.
If the money put into it by 78 million Baby Boomers was invested and kept from being robbed by Presidents like LBJ , who looted it to create welfare (War on Poverty) and fight in Vietnam, all of us would be living comfortably instead of worrying about our future when we stop working. If you invest 17% of your paycheck for 50 years, you should be financially secure.

villagegolfer nailed it!!
Just like the many corporations that bled off earnings from their pension plans when they were booming and over producing funds...they dredged some of it for income...then the bubble burst.

Exactly the reason why SS is in trouble....the greedy politicians used what was earned on our contributions for other than what it was intended.

If you do not understand this then you are not aware of the "borrowing" of the earnings off our money....private corporation and or the federal government. It is no accident they are comprised mostly of the legally trained...they do fully understand just how far they can go....and as usual we the people have allowed it.

SS has been abused by whoever has been in office when it was raided...R or D or what ever!!

btk

Pretty sure that is not acceptable accounting practice to use money from account #7xxxx for #7zzzz.

You didn't answer the question, in case you're unaware of that. How is Social Security funding not like a Ponzi Scheme?; that's the question.

__________________________________________________ __________

You got to give up the Fox News crutch. It doesn't do much for your argument ever. Just makes it seem like you really have nothing to say.

Personally, I rarely watch any TV. I'm a voracious reader of the news in print and online. I don't much rely on talking heads for my news. I catch them one in a while, but it's not my main source of information by any stretch of the imagination.

Lion~Love ya man, but do you really expect an answer! :1rotfl:
This is the point where they all scatter and start another thread or act like they have lost interest. Or better yet, give you the "we don't agree and nothing you can say will change my mind: Hello?!?!
Ok, just do me a favor and don't hold your breath waiting...
:1rotfl:

I know what you're saying. I always hope for a cogent answer though and try to draw it out, even if it's flawed. Lately, all the most rabid do though is insult and attack. Eventually, they disappear from this forum. Can't imagine why:shrug:

Yea, they are scattering and scurrying but they will regroup and come back here and tell us how great Obama the Messiah is and how he will save us again. Probably still blame Bush for his deficiencies. If he gets elected again, I will have absolutely no hope for the future of this once great country. I am so glad to be at this age where I will not have to suffer the indignity of which I see this country heading.

I have a hunch that they can't handle the truth. That is OK, I have a hard time with it too sometimes.
I can't imagine why they leave either!?! I guess we have to do without them, eh?
Don't be sad though when they leave...just pretend that they are still here but are ignoring you!:laugh:

I know so many on it that did in fact work for 40 or more years at small business' or factories that had no retirement plans and truly need Medicare and SSI. I understand they could have saved better, but:::::::: I may be just being greedy myself because although I have both retirement and 401, I do count on my SSI to keep me funded well enough to live in The Villages.

QUESTION: Can we keep some form of SSI for long term?
Best guess as to will we keep this program?

Just to make sure everyone is up on the facts. It's not like Social security went and 'spent their surpluses'. There are several steps involved here.

1) The SSA brings in more money in FICA taxes than they need to pay out in benefits.
2) The SSA takes that surplus and buys T-Bills, just like countless other investors. The SSA is require BY LAW to do this with any of their surpluses.
3) As of LBJ's administration, the US Government started counting the SSA surpluses as if it were regular government tax receipts to mask the size of the deficit.
4) The debt crisis threatened to affect the SSA only in the respect that the SSA might not have been paid the coupons (interest) and/or bond redemption (maturation) would have impacted the SSA's checkbook. Since the SSA has been running at a deficit the last couple of years, they now NEED those interest and other bond payments or else they can't pay ALL (only most) of the benefits they're on the hook for.

As I said in another thread - it depends on how you look at it. The SSA either has a big batch of the safest investments on the planet or a piles of risky IOUs.

Speaking of why SS is in trouble, see todays post titled "Whose Responsible", a fair assessment.

I think those who leave and don't come back, but probably lurk or come back with a different screen name....do so because they know full well they CANNOT support some of the goings on by THEIR man/party/administration and are lemming bound to support no matter what philosophy. Life is difficult when one can only live and espouse what is politically correct. It excludes right and wrong, hence confusion for some and the only resort is to ....vanish!?!?

The above is not meant to disparage but is how I see it.

btk

I like that. May I borrow it someday? (They also like to put people on ignore list)

You may have something there BTK. Maybe we should have to provide name, Address and Phone number for verification before being allowed to post in Political. That would clean up the insults real quick.

Quote from Al Gore ( I love quoting Al Gore):

" A zebra does not change its spots."

THE TRUTH...you mean YOUR truth, which is so far to the right it is almost off the ends of the Earth, which you do know is round, right?

That is on the border of being really mean.:cus:

Looks like you adopted the icon I use...that you found so irritating. :cus:

I use many icons depending on the occasion.:jester:

Geezers Like Perry