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When do we have a "Harry and Louise" infomercial exposing the Soc Sec

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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-05-05 08:48 PM
Original message
When do we have a "Harry and Louise" infomercial exposing the Soc Sec
wonkish, complicate, casino where only the rich get to keep there winnings?

http://www.nytimes.com/2005/02/05/politics/05benefits.html

Memo Gives New Details on Workings of Bush's Social Security Plan
By DAVID E. ROSENBAUM

Published: February 5, 2005

<snip>

Now these details of the memorandum from the Social Security actuary, Stephen C. Goss, to Charles P. Blahous, the main White House staff expert on the program, are circulating among policy experts:

Mr. Goss said a "shadow account" would be calculated based on how much the retiree's investment account would have been worth if it had all been invested in bonds with an average yield of three percentage points above inflation.

<snip>

Those who had low wages in their working years would be required to put at least part of the money in their accounts into lifetime annuities, instruments that make a guaranteed monthly payment for life but then expire and cannot be left to heirs.

Retirees who were more affluent could invest or spend their accounts as they wished.

But the guaranteed monthly payments from the government would be determined as if the tax money they had paid to the government were reduced by the amount in the hypothetical shadow account.

<snip>
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EVDebs Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-05-05 08:57 PM
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1. Let's just do what mobster Meyer Lansky did and keep two sets of books
One for the Republicans, who are in their own bizarre parallel universe financially and foreign-policy-wise, and another set of real un-cooked books for everyone else. It makes perfect sense after all. Look at the $2.3 TRILLION that CBS News reported on in their "War on Waste" segment

www.cbsnews.com/stories/2002/ 01/29/eveningnews/main325985.shtml

Why, you can just lose the equivalent of 20% of GDP and still not have a care in the world !
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papau Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Feb-05-05 09:01 PM
Response to Reply #1
2. true - one wonders why there is no follow up in the media
:-(
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hvn_nbr_2 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Feb-07-05 09:33 PM
Response to Original message
3. 6-headed Pravda would refuse to air such ads
just like the UCC ad and moveon.org's Super Bowl ad.

6-headed Pravda = ABC-CBS-NBC-CNN-FOX-MSNBC
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