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December 17, 2004

here's where to hit


don't get me wrong

there's a screw job 
inside  this wooden horse

the private retirement account gig
 is meant to keep
   you 
jobbled 
till yer worthless

but lets get to the rip
here  

not church supper
             around 

about the great rate race 
stocks v treasuries 

look we're behind here

the elephants
calling thiz 
"your own " 
gives the bushwah
pitch a huge head start 


to beat em one has to
 outdue em 

offer em more 

like the  swedes do  

=============================

 here's a partial pass 
at the rip 
behind the shell game :

--------------------------------------------
todays newz
by a dazed reporter

"President Bush 
 points 
to a plan developed
 by his Social Security Commission 
as a "good blueprint" 
for Congress to follow.

 Under this plan, 
Social Security benefits
 are  cut
   for all future retirees
 whether they participated
 in private accounts or not.

---------- ie no choice
 to stick with what they now got -----------

  The cuts would grow deeper
          over time
---------- now theres the lead line -----------

  The Congressional Budget Office 
          (CBO)
 recently concluded 
that the Commission's plan 
would  mean 
"lower total retirement income"
 for future retirees
  
----okay 
the plan's 
  individual accounts 
           combined
 with  reduced Social Security benefits
         would  pay  less
         then  the present system
              but would it cost less
  in future pay roll taxes  too?
ie "reduced forced savings" ------

  For those born
 in the 1970s 
with earnings in the middle 
of the income distribution

---------- notice the choice here
those in the middle
who neither pay into the redistibution 
nor recieve any boost out of it -------

 CBO projects that 
  the combination 
of the private account 
and reduced Social Security benefits 
would equal just 77 percent 
of current Social Security benefits.
-here's the bell ringer -----------

 For children born 
     in this decade,
 the combination would provide 
just a little more than
          half of benefits."


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Posted by herb jr. jr. at December 17, 2004 08:32 AM

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