[Arsenal]

$this->bbcode_second_pass_quote('vision-master', '
')Guarantied retirement accounts on top of SS benefits.

Minimum Monthly payouts to be $600. Better than ZERO!

What's the matter wit you sheeple?

[Javaman]

$this->bbcode_second_pass_quote('ReverseEngineer', '')$this->bbcode_second_pass_quote('Javaman', '
')
Once again you are wrong. It's the liberals who rob us with income taxes.

[Tyler_JC]

It was a committee hearing.

The purpose of having a hearing is to hear ideas. All kinds of ideas. Some of them good, some of them (like this one) are terrible ideas.

I would be far more concerned if the confiscation of 401Ks came out of the mouth of a Congressman.

Instead, it came out of the mouth of some idiot researcher.

Lots of people say a lot of stupid things in front of committees.

[Javaman]

$this->bbcode_second_pass_quote('Tyler_JC', 'I')t was a committee hearing.
The purpose of having a hearing is to hear ideas. All kinds of ideas. Some of them good, some of them (like this one) are terrible ideas.
I would be far more concerned if the confiscation of 401Ks came out of the mouth of a Congressman.
Instead, it came out of the mouth of some idiot researcher.
Lots of people say a lot of stupid things in front of committees.

[Don35]

This is the funniest thread I've read in some time.

Even here at PO.com we still don't realize how screwed we really are.

[Livewire713]

Maybe Obama should confiscate everyone's savings account while he's at it...you know...because all of us Americans are so good about saving money. And as far as spreading the wealth around, why don't we share all of our wealth with the whole world and we can all live in one big happy Socialist world.

[Tanada]

$this->bbcode_second_pass_quote('Livewire713', 'M')aybe Obama should confiscate everyone's savings account while he's at it...you know...because all of us Americans are so good about saving money. And as far as spreading the wealth around, why don't we share all of our wealth with the whole world and we can all live in one big happy Socialist world.

[Tyler_JC]

On a somewhat related note, I heard an interesting proposal to use the Social Security Trust fund to make investments in the stock market.

The proposal suggested selling off some of the Treasury bonds (that market is ultra-liquid and would likely be unaffected by a sale of even $500 billion in debt over the course of a few months) and buying stocks.

The goal is to buy low and sell high. Would it not make sense to invest in the market now that prices are down?

Moreover, we aren't relying on the trust fund to finance anything right now. It's not as if we'd miss the money for a decade or two.

Then when the markets recover, we can slowly pull the money back out.

It would definitely help to reduce downward pressure on stocks by providing an additional buyer to the market.

I dunno, just an idea.

[RapaNui]

How bad is things?
I look. Rapa looks. And I see that here is the compilation of the sundry in one. Peakoil.com. As guests, you are presumed to understands.
Hmm?
You have conquered the greatest unknown, and you can wield it like a scepter.
But what are you doing? Failing to resist your base impulses. You fail. FAIL! One says Dems did it. Other says Pubs did it. Why? Why take the cheap food and eat? To any calling other out, call out yourself.
How is it when all legislation required Dem Congress and Pub signature can you be so easily set against each other?
How bad is things?
When those whoms are most knowledgeable about the problem that drives all paradigms can't even resist the urge to take the illusory bait, then things is really bad. Worsens than Rapa even think, and Rapa think things is really bad already.
Bush and Obama - devils both, one just with a proven trail of evil, the other preparing to pave.

[AlexdeLarge]

$this->bbcode_second_pass_quote('RapaNui', 'H')ow bad is things?
I look. Rapa looks. And I see that here is the compilation of the sundry in one. Peakoil.com. As guests, you are presumed to understands.
Hmm?
You have conquered the greatest unknown, and you can wield it like a scepter.
But what are you doing? Failing to resist your base impulses. You fail. FAIL! One says Dems did it. Other says Pubs did it. Why? Why take the cheap food and eat? To any calling other out, call out yourself.
How is it when all legislation required Dem Congress and Pub signature can you be so easily set against each other?
How bad is things?
When those whoms are most knowledgeable about the problem that drives all paradigms can't even resist the urge to take the illusory bait, then things is really bad. Worsens than Rapa even think, and Rapa think things is really bad already.
Bush and Obama - devils both, one just with a proven trail of evil, the other preparing to pave.

[cube]

$this->bbcode_second_pass_quote('Tyler_JC', 'O')n a somewhat related note, I heard an interesting proposal to use the Social Security Trust fund to make investments in the stock market.

The proposal suggested selling off some of the Treasury bonds (that market is ultra-liquid and would likely be unaffected by a sale of even $500 billion in debt over the course of a few months) and buying stocks.

The goal is to buy low and sell high. Would it not make sense to invest in the market now that prices are down?
....

[Tyler_JC]

It was just an idea.

Jim Jubak suggested it in his column.

He has a lot of suggestions. Some good, some bad.

If we don't think the government should be investing in US companies, we could just use the money to purchase foreign assets.

The dividends and rents from these assets could be used to help balance the budget or create a real trust fund for social security.

Lots of countries have sovereign wealth funds. I don't really see a problem with the concept.

I'm far more worried about the implementation.

The US government is a horrific investor. We'd buy all kinds of worthless assets and lose everything.

Now if they let me and my friends run the fund in exchange for a minuscule fee...

[alochin]

Interesting to see peakoilers so misinformed.

OIL: our domestic oil should stay in the ground, at any cost. We may dearly need it someday for our military, to defend ourselves. The more time passes, the more our domestic reserves have value.

MONEY: On this subject, Democrats consistently had to fix Republican mess:
link
[urlhttp://www.boom2bust.com/2007/12/12/is-a-republican-president-really-better-for-the-economy/]link[/url]
link

Having learned some basic economics in high school (yes, you don't need more), it is clear to me how idiotics are Rep fiscal policies.

SOCIALISM: Please, talk about what you now, I have lived 14 years in a country lead by Socialists. Obama has nothing to do with it. Bush is a lot closer, and in some instances beyond (=Communism) in how he masterly capitalized gains, and socialized losses of big corporations.

If you guys were living in a third world country, you would not be making nearly as much money, whatever your job is, so it is normal part of your gains are used to sustain the economy.
And since you are so much against taxes, you should target the most unfair of all taxes: inflation. By running the deficit and printing money, Reps have raked up inflation.
Running the deficit by cutting taxes only appeal to people financially ignorant. This only moves the tax burden to lower classes.
Nobody likes taxes, but some of us understand they are necessary.

After the recent collapse, it is amazing to me to see some people still think Reps are better than Dems for the economy.
We had 6 years of an all-Republican government, and they still find ways to blame Democrats.

Partisanship is the biggest problem of America.

BTW, if it hasn't been posted before, here is an enlightening course on money: link

[cube]

$this->bbcode_second_pass_quote('Tyler_JC', '[')url=http://articles.moneycentral.msn.com/Investing/JubaksJournal/creative-fixes-for-our-finances.aspx]It was just an idea.[/url] Jim Jubak suggested it in his column. ...

[ReverseEngineer]

$this->bbcode_second_pass_quote('Javaman', 'I') call the bailout [s]a pittance compared to[/s] orders of magnitude greater than the amount I have sent to the government in the form of Social Security "contributions," for example. That is money I might never see again. I would rather have it to save and invest.
Banks are necessary to keep [s]any decent economy functioning[/s] stealing as much money as possible from hard working Americans to give to Pigmen. Even Democratic politicians can understand that, but probably very few [s]of their voters[/s] brainwashed conservative syncophantic lapdogs of the plutocaracy can.

[ReverseEngineer]

$this->bbcode_second_pass_quote('AlexdeLarge', 'g')olem...is that you?? Me hope is so! Me miss your witty wit words!

[heroineworshipper]

Almost everyone supports confiscating 401k's. Feel the power of human nature. Get some humans, mass media, & some bricks & let's see how many pyramids they can build for the Oob.

[ReverseEngineer]

$this->bbcode_second_pass_quote('heroineworshipper', 'A')lmost everyone supports confiscating 401k's. Feel the power of human nature. Get some humans, mass media, & some bricks & let's see how many pyramids they can build for the Oob.

[FoolYap]

$this->bbcode_second_pass_quote('Javaman', 'I') call the bailout a pittance compared to the amount I have sent to the government in the form of Social Security "contributions," for example.

[kublikhan]

$this->bbcode_second_pass_quote('FoolYap', '')$this->bbcode_second_pass_quote('Javaman', 'I') call the bailout a pittance compared to the amount I have sent to the government in the form of Social Security "contributions," for example.