PeakOil is You
My-RA aka Myra aka Federal Retirement Accounts
Re: My-RA aka Myra aka Federal Retirement Accounts
by Pops » Fri 31 Jan 2014, 15:59:03
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Re: My-RA aka Myra aka Federal Retirement Accounts
by Plantagenet » Fri 31 Jan 2014, 17:28:44
Now O wants the U.S. Government to offer IRAs. But the government isn't a bank that makes loans with its deposits----the government SPENDS all the money it gets. SO any money invested in the MyRAs will get spent immediately
Hmmmm.....I wonder what will it get spent on?
Will it just go into the general fund and get spent?
Or could it be that O will use it to shore up social security? Note that social security is running a deficit and is projected to go massively into the red as the boomers retire. Maybe the new MyRA money coming into the government will go to pay for SS checks for boomers?
That would at least make sense
Hmmmm.....I wonder what will it get spent on?
Will it just go into the general fund and get spent?
Or could it be that O will use it to shore up social security? Note that social security is running a deficit and is projected to go massively into the red as the boomers retire. Maybe the new MyRA money coming into the government will go to pay for SS checks for boomers?
That would at least make sense
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Re: My-RA aka Myra aka Federal Retirement Accounts
by Fishman » Fri 31 Jan 2014, 20:25:27
LOL
Let me get this straight, the guy who will shortly have doubled the US debt, who just won the Politifacts lie of the year, wants folks to "save" money in a MYRA account? Hey Pops feel free to move all yours into one of his accounts. Classic liberal argument, if you don't agree with our view of "saving" or "healthcare" or government, then you are against any savings, or healthcare or any government. Its wearing a little thin. As to "No one is forcing this on anyone" thats yet. This is straight out of the socialist handbook. They've run out of one source of money, lets find a way to tap into someone elses.
No thanks, this is sheeple fodder
Let me get this straight, the guy who will shortly have doubled the US debt, who just won the Politifacts lie of the year, wants folks to "save" money in a MYRA account? Hey Pops feel free to move all yours into one of his accounts. Classic liberal argument, if you don't agree with our view of "saving" or "healthcare" or government, then you are against any savings, or healthcare or any government. Its wearing a little thin. As to "No one is forcing this on anyone" thats yet. This is straight out of the socialist handbook. They've run out of one source of money, lets find a way to tap into someone elses.
No thanks, this is sheeple fodder
Obama, the FUBAR presidency gets scraped off the boot
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Re: My-RA aka Myra aka Federal Retirement Accounts
by Tanada » Sat 01 Feb 2014, 09:47:56
$this->bbcode_second_pass_quote('Fishman', 'L')OL
Let me get this straight, the guy who will shortly have doubled the US debt, who just won the Politifacts lie of the year, wants folks to "save" money in a MYRA account? Hey Pops feel free to move all yours into one of his accounts. Classic liberal argument, if you don't agree with our view of "saving" or "healthcare" or government, then you are against any savings, or healthcare or any government. Its wearing a little thin. As to "No one is forcing this on anyone" thats yet. This is straight out of the socialist handbook. They've run out of one source of money, lets find a way to tap into someone elses.
No thanks, this is sheeple fodder
Let me get this straight, the guy who will shortly have doubled the US debt, who just won the Politifacts lie of the year, wants folks to "save" money in a MYRA account? Hey Pops feel free to move all yours into one of his accounts. Classic liberal argument, if you don't agree with our view of "saving" or "healthcare" or government, then you are against any savings, or healthcare or any government. Its wearing a little thin. As to "No one is forcing this on anyone" thats yet. This is straight out of the socialist handbook. They've run out of one source of money, lets find a way to tap into someone elses.
No thanks, this is sheeple fodder
Back in the 1980's when I was a new driver the state of Michigan passed its first seat belt law, with the proviso that it would never be a primary enforceable offense and every adult in the vehicle was responsible for themselves. Over the last 20 or so years that got morphed with many small incremental changes and now it is a Primary Offense, meaning they set up with two police points where an officer takes pictures with a zoom lens to see if you are wearing a seat belt and radios ahead your car description so another officer down the road can pull you over and write you a ticket. It never effected me because I was in a car accident as a 10 or 11 year old and a seat belt kept me from getting hurt so I feel uncomfortable in a car/truck when not wearing one. However for the State of Michigan it was a real money maker, when budgets get tight they set up these things and zap a hundred motorists to get the revenue coming in instead of those officers being on patrol to discourage crime.
My experience with laws and regulations has been Universal in this direction, once they get a toe hold in the law they keep expanding it forever. Medicare/Medicaid was supposed to cover the poor and elderly who could not afford health care, since the mid 1960's that has now been expanded to become the Affordable Care Act aka Obamacare. Why would anyone trust that a Myra would be any different in its relentless growth year after year after year? Any of those poor workers this is supposed to cover could set up an IRA account any working day of the week, yet they choose not to do so. The only way a Myra would work differently if people don't voluntarily sign up is to make it mandatory at some time down the road. History is fully in harmony with that pattern of behavior by politicians, even when they have the best of intentions they always grab more and more and more control.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
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Re: My-RA aka Myra aka Federal Retirement Accounts
by Fishman » Sat 01 Feb 2014, 10:10:42
Standard investment advise "The value of investments can fall as well as rise and any income from them is not guaranteed. You should be prepared to lose your investment. Past performance is not a guide to future performance"
That holds true wether private or government. If you believe otherwise, you need to pick up a history book. One exception, as Tana noted, past performance of government is an excellent predictor of future
That holds true wether private or government. If you believe otherwise, you need to pick up a history book. One exception, as Tana noted, past performance of government is an excellent predictor of future
Obama, the FUBAR presidency gets scraped off the boot
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Re: My-RA aka Myra aka Federal Retirement Accounts
by Pops » Sat 01 Feb 2014, 11:20:42
The tyranny of seat belts!
And just imagine how much more free we'd be if the government didn't force the car makers (at the point of a gun) to install padded dashes and collapsible steering columns, <gasp!!!> airbags not to mention the threat of force to coerce us into child safety seats - hospitals actually hold newborns hostage if the parents don't buy them - an obvious plot to enrich Chinese car seat makers!
Go Brittney! You are a true American Patriot!
I gotta LOL, T, sorry.
And just imagine how much more free we'd be if the government didn't force the car makers (at the point of a gun) to install padded dashes and collapsible steering columns, <gasp!!!> airbags not to mention the threat of force to coerce us into child safety seats - hospitals actually hold newborns hostage if the parents don't buy them - an obvious plot to enrich Chinese car seat makers!
Go Brittney! You are a true American Patriot!
I gotta LOL, T, sorry.
The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
-- Abraham Lincoln, Fragment on Government (July 1, 1854)
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Pops - Elite
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Re: My-RA aka Myra aka Federal Retirement Accounts
by Tanada » Sat 01 Feb 2014, 11:42:10
$this->bbcode_second_pass_quote('Pops', 'T')he tyranny of seat belts!
And just imagine how much more free we'd be if the government didn't force the car makers (at the point of a gun) to install padded dashes and collapsible steering columns, <gasp!!!> airbags not to mention the threat of force to coerce us into child safety seats - hospitals actually hold newborns hostage if the parents don't buy them - an obvious plot to enrich Chinese car seat makers!
Go Brittney! You are a true American Patriot!
I gotta LOL, T, sorry.
And just imagine how much more free we'd be if the government didn't force the car makers (at the point of a gun) to install padded dashes and collapsible steering columns, <gasp!!!> airbags not to mention the threat of force to coerce us into child safety seats - hospitals actually hold newborns hostage if the parents don't buy them - an obvious plot to enrich Chinese car seat makers!
Go Brittney! You are a true American Patriot!
I gotta LOL, T, sorry.
Funny Pops, but growing up I frequently road in the back of an open pick up truck until I was in my teens. Once I figured out how dangerous it was I didn't enjoy it nearly as much, but I survived without Uncle Sugar holding my hand or fining my parents. People today are so safety conscious they flinch at their own shadows.
That isn't to say none of the changes have been an improvement, but if things were so bad we would have never made it to the turn of the century. In my school growing up students who lived within a mile of campus had to walk to school, in all sorts of weather. Now if you live across the street your parents put you in a nice garage warm SUV and take you to the front door.
I fell down got bumps and bruises, and I survived. My kid brother got pinned by some broken playground equipment and had to be hauled off to the hospital for X-rays but he survived too. Our favorite recreation in the winter of 1978 was playing King of the Hill at the edge of the playground where the snow plows had piled up all the snow off the school bus parking area. Then around March one kid fell and broke his arm (or maybe got pushed, kids can play pretty rough) and his parents threatened to sue the school. From then on if you got caught playing on the snow piles you got detention. Kids that physically play are liable to get hurt once in a while, but rarely is the injury life threatening. Eliminating all the tangible risks from life makes people not pay attention to the intangible risks, like planning for the future.
If the Government has to plan every moment of your life from cradle to grave then you are never going to be an adult.
$this->bbcode_second_pass_quote('Alfred Tennyson', 'W')e are not now that strength which in old days
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
Moved earth and heaven, that which we are, we are;
One equal temper of heroic hearts,
Made weak by time and fate, but strong in will
To strive, to seek, to find, and not to yield.
- Tanada
- Site Admin
- Posts: 17094
- Joined: Thu 28 Apr 2005, 03:00:00
- Location: South West shore Lake Erie, OH, USA
