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Public funds to pay for private debt - Houston aims to clear balances so some can buy

Discussion in 'BBS Hangout: Debate & Discussion' started by MoonDogg, Feb 24, 2009.

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insane man Member

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rhadamanthus said:

Well, yes - but think of SS as an "oh ****" fund. As the last year has demonstrated, retirement plans are quite vulnerable. SS is insurance that you'll at least not end up starving in the street.
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you're absolutely right, but unfortunately for a huge percentage of americans, its their entire nest.

#41 insane man, Feb 26, 2009

Bogey Member

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rhadamanthus said:

Well, yes - but think of SS as an "oh ****" fund. As the last year has demonstrated, retirement plans are quite vulnerable. SS is insurance that you'll at least not end up starving in the street.
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That't assuming they correct the problems so we will be able to see some of this money.

#42 Bogey, Feb 26, 2009
rhadamanthus Member

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Bogey said:

That't assuming they correct the problems so we will be able to see some of this money.
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Well yeah, but the point was that SS was not a bad program inhernetly or anything - it's actually a very good one.

#43 rhadamanthus, Feb 26, 2009
rhadamanthus Member

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insane man said:

you're absolutely right, but unfortunately for a huge percentage of americans, its their entire nest.
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I don't know when SS started to be associated with "retirement" but that was definitely a BAD move.

#44 rhadamanthus, Feb 26, 2009
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rhadamanthus said:

Well yeah, but the point was that SS was not a bad program inhernetly or anything - it's actually a very good one.
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A lot of good intentioned things tend to go bad, it's a shame a lot come from our government.

#45 Bogey, Feb 26, 2009

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