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| Democrats To Vote Rice In Despite "Reservations" [Say Anything] »
January 26, 2005
What Bush Means By "Ownership" [Say Anything]This editorial masquerading as an "article" from USA Today is interesting. Here's the first paragraph: President Bush is selling his idea to transform Social Security with private investment accounts as part of a new "ownership society" for Americans. The accounts, Vice President Cheney says, would be "a retirement fund they control themselves and can call their own." Here's the second paragraph, which I like to call the "But..." paragraph. Its the point at which the reporter feels his obligation to reporting "the other side of the issue" is complete and moves on to pile up the criticism. But the reality would produce a lot less individual control than Bush and Cheney suggest. The reporter is missing the point here in regard to "ownership." When the President talks about citizens "owning" their Social Security funds what he means is that the funds will no longer be available to greedy politicians looking to raid Social Security to fund other programs and legislation. The government won't have access to your private Social Security account any more then they'd have access to your savings account in the bank. Granted there will be limits as how much you can pay in or invest but at least you'll know it will be there when you retire. Right now we have no such guarantee. And lets be honest, if Social Security is the sum total of your retirement plans you're a damn fool. In fact, unless Social Security is fixed now I'm not planning on seeing a dime when I retire. [Cross-posted at Say Anything] posted by Ace at 09:23 AM
CommentsDoes anybody else realize that people already have control over their own retirement investments? I know I have all the controlin the world over my retirement investments. Am I the only person in the world who has heard of a 401k, or the "stock market" or "IRA's"? They are really fancy schmancy investments, so I can understand how people wouldn't be aware they are available. Posted by: Ryan on January 26, 2005 10:57 AM
The reporter probably doesn't understand the distinction between "freedom" and "liberty." Under Bush's plan, you would own your retirement fund "free" from government claims, but would not be at "liberty" to invest them in Florida swamp land. Posted by: Bob Hawkins on January 26, 2005 11:39 AM
Over 20 years ago I figured the well was gonna be dry when it was my time. I would have gladly completely forfeited any possibility of ever collecting a dime from this sham, for the ability to have my "contributions" reduced by 50%. Posted by: TonyI on January 26, 2005 01:48 PM
"The reporter is missing the point here in regard to "ownership." When the President talks about citizens "owning" their Social Security funds what he means is that the funds will no longer be available to greedy politicians looking to raid Social Security to fund other programs and legislation. The government won't have access to your private Social Security account any more then they'd have access to your savings account in the bank. " Seems to me they've got plenty of access to that account, given that they have ultimate control over the use of its contents. If it was your money, you'd be able to invest it, or even spend it, without asking anyone's permission. Social Security reform should have one overriding goal - to limit or reverse the cancerous growth of the program. Adding "private" accounts to it isn't helping one bit. What are needed are limits to the promised benefits, either in their amount or in how soon you can start getting them; this can be supplemented as needed with truly private savings and investment without a new "private" account mechanism tacked on. Posted by: Ken on January 26, 2005 05:05 PM
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| The Deplorable Gourmet A Horde-sourced Cookbook [All profits go to charity] Top Headlines
Chris
Forgotten 80s Mystery Click That Sums Up the Democrat Communist Party Today
Something is wrong as I hold you near Somebody else holds your heart, yeah You turn to me with your icy tears And then it's raining, feels like it's raining
"It's f**king f**ked."
-- reportedly a genuine comment offered by a "senior Labour source" Correction: I wrote that Labour is losing 88% (now 87%) of the seats it is "defending." I think that's wrong. The right way to say it is the seats they are contesting -- that is, they don't necessarily already hold these seats, but they have put up a candidate to run for the seat. It's still very bad but not as bad as losing 87% of the seats they already held. Basil the Great
"The end of the two party system in the UK" as first the Fake Conservatives and now Labour chooses political suicide rather than simply STOPPING THE INVASION
Incidentally, the only reason this didn't already happen in the US is because of the Very Bad Orange Man (who is right on 85% of all policy calls and extremely, existentially right on 15% of them)
No political party that is NOT also a doomsday religious cult would EVER choose a cataclysmic loss -- and possible extinction as a party -- to support a toxically unpopular favoritism of NON-CITIZEN ILLEGAL MIGRANTS over actual citizen voters.
Only a cult does this.
Now they've lost 84%.
Annunziata Rees-Mogg Update: They've now lost 88% of the seats they're defending. As I mentioned earlier, I think I heard that London will not bail them out, as many of those Labour seats will probably flip to "Muslim Independent" or Green. Detroit's 5am vote will not save them.
Yup, Labour is losing 80% of its seats...
The British Patriot Wow, up to 1700-2100 seats. It's not incredible that this is happening. It's incredible that the Davos crowd is so absolutely determined to privilege Muslim "migrants" over the actual native population who elects them, no matter how loudly the natives scream that they want to be prioritized, that they will gladly self-extinguish as a party rather than simply representing the interests of their own voters. Astonishing. Remember, when they call other people "cultists" -- they are the ones so imprisoned in their social reinforcement and discipline bubbles that they will choose political death rather than dare upset the Karen Enforcement Officers of their cult. Update: Now they've lost 83% of the seats they were defending. (((Dan Hodges))) Nick Lowles
STARMERGEDDON: In early returns, Reform gains 135 seats, Labour loses 90, the Fake Conservatives lose 36 (and I didn't even know they could fall any further), the Lib Dems lose 4, and the Greens gain 6. Note that the only other party gaining seats is the Greens and they're only gaining a handful of seats.
Update: Reform now up 145, Labour down 98. Labour projected to lose Wales -- where they've ruled for 27 years. Fulton County Georgia just discovered 400 boxes of ballots for Labour Update: REF +156, LAB -107, CON -45 Brutal: In four out of five council seats where Labour is defending, they've lost. 80%. I'm sure it's not this simple, but Reform is straight taking Labour's and the "Conservatives'" seats. They've lost almost exactly what Reform gained. If understand this right (and warning, I probably don't), all of London's council seats are up for election, and Labour might lose hugely there, as their old voters abandon them for Reform, Muslim Indenpendents, and the Greens. REF +190, LAB -134, CON -56.
Updates on the Labour collapse in council elections -- which wags are calling #Starmergeddon -- from Beege Welborne. There are about 5000 seats up for grabs, Labour is expected to lose 1,800, Reform will probably gain 1,580, up from... zero. So this would be more than that.
People claim that while Labour has adopted the Sharia Agenda to appeal to the million Muslims it allowed to migrate to the country, those voters are ditching Labour to vote for the Muslim Independent Party or the Greens. Delicious. This shadenfreude is going straight to my thighs. Oh, and if Starmer loses about as badly as expected, Labour will toss him out of a window Braveheart style and replace him. He will announce he is resigning to spend more time with his Gay Ukrainian Male Prostitutes.
Media bias and senationalism are as old as, well, the media:
![]() That was written by Denny O'Neill and illustrated by, get this, Frank Miller. Editor to the Stars Jim Shooter was in charge at the time. I always thought the gag was original to the comic book, but in fact the "Threat or Menace" headline was a satirical joke about media bias and sensationalism for a long while. The Harvard Lampoon used it in a parody of Life magazine: "Flying Saucers: Threat or Menace?"
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