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In clarifying my thoughts
on the prior social security post
and having posted an entry in [livejournal.com profile] debate on the subject
I decided to write a more formal style peice which I am considering submitting as an op-ed peice

However I need folks to review it both for content and editorial errors before I do so, so if you feel like helping me wire it up tight, and have the time (and attention span) to read a thousand word essay on the subject of social security and respond with constructive commentary/feedback or even some criticism [constructive or otherwise :-P]

Drop your email address in the box below and I will zip it your way.

said email addresses will be used solely for this purpose, unless someone offers me a whole lot of money for them anyway.

[Poll #278868]

Date: 2004-04-15 01:27 am (UTC)
From: [identity profile] budhaboy.livejournal.com
I was meaning to comment on your post anyway...

MY beef with the Social Security system is this:

people of my wife's parent's generation (the lost generation... born in the 20's) paid into the system with a certain level of benefit, but that benefit has been expanded far beyond what they actually paid into the system. I'd have to go look it up, but I seem to remember a rate of return for the pre-boomer retirees earning something like 18% on their 'investment' in Social Security. While this is not a bad thing in and of itself, it is when you consider they managed to match the rate of return for the US Stockmarket, with NO RISK.

How did they get away with it?

Seriously, on the backs of the boomers.

Why?

During the boomers' most productive years, the social security system was stupid flush since their numbers far outstripped the numbers of people on the system. The dumbases in Congress felt compelled raise the benefits since there was so much extra cash. The thinking was, we'll make out like gangbusters, given the current life expectancy of these !@#$ing hippies.

Man was that a mistake.

Here's another oft under-publicized little factoid:

the SS trust is actually IOUs to the national Debt that IS NOT COUNTED AS DEBT when you read about the actual size of the national debt.

Date: 2004-04-15 01:30 am (UTC)
From: [identity profile] plural.livejournal.com
say on another subject

we havent mentioned it since I last saw you, but I am assuming that with version 2 on the way, there isnt much chance of yall making your way up here this summer?

Date: 2004-04-15 01:34 am (UTC)
From: [identity profile] budhaboy.livejournal.com
heh.

Yeah, I keep meaning to call you to catch up, and let you in on that...

Are you still planning on blowing through in the fall?

Date: 2004-04-15 01:36 am (UTC)
From: [identity profile] plural.livejournal.com
you have my number up here right?

and yes

I am hoping to

but right now I have a lot of balls in the air that will affect such a plan, I should know better toward midsummer what will be going down.

Date: 2004-04-15 01:44 am (UTC)
From: [identity profile] budhaboy.livejournal.com
I had your cell phone number...

I think it came through on my last phone bill as a call to canada, so I think I do...

You could double check by sending it with you op-ed piece.

:)

Date: 2004-04-15 01:46 am (UTC)
From: [identity profile] plural.livejournal.com
only have the cell up here

I just sent you an email with it
so there ya go

gonna be pretty crazy today
but should be clear after that through the weekend

Date: 2004-04-15 01:53 am (UTC)
From: [identity profile] budhaboy.livejournal.com
Yeah, its the same one I had...

Date: 2004-04-15 01:59 am (UTC)
From: [identity profile] plural.livejournal.com
k kewl
give me a ring this weekend should you get a spare moment, I would love to catch up

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