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Automotive News & Views United Automobile Workers of America (UAW)
16705 messages, Last post on Nov 25, 2009 at 6:56 PM
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Replying to: gagrice (Jan 29, 2008 8:26 pm)
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Replying to: rockylee (Jan 29, 2008 10:22 pm) As for Reagan, I sure didn't mourn him. I felt sorrier for Gerald Ford who at least seemed like a nice guy who got stuck with a job he really didn't want. Reagan was a doddering old fool who forgot his own union roots as he was once president of the Screen Actors' Guild.
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Replying to: gagrice (Jan 29, 2008 7:06 pm) A few years ago stories were published about how social security recipients received all that they had paid into the program in a short couple of years after they started collecting it. From then on they were living on the dole. This was published at a time when the recipients were saying how much more they should be getting because they had "paid in a whole lot of money." Even if the employers' contribution and a moderate, safe investment, rate of interested were applied, the typical recipient then received all the money in about 4.5 years if I recall the number. In exchange for potential larger returns that were safe from the multimillion dollar executives grasp of companies the workers voted for their congresspeople who promised them more and more social security return. It started as a subsidy; it is not supposed to be a retirement plan. But the subsidy-sized payments, in the minds of gimme-voters, are supposed to give luxury retirement checks for the rest of their long lives. And this is from many people who didn't save for their own retirement and lived mre extravagantly than they should have done. Then they expect taxes of others to subsidize their retirement.
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Replying to: imidazol97 (Jan 30, 2008 6:00 am) That's very true. A big share of large companies had retirement plans by the 1940s when SS started to kick in. Retirement plans started to be pilfered when the big conglomerates started buying up the smaller companies. That retirement fund was like a big nest egg to be filched. Now company paid retirements are mostly matching funds into 401K accounts. Which people should take advantage of. My gripe is with the robbing of the Social Security fund in 1960s to fund the Vietnam war. If a person is going to pay in all his working years. He should get back at least what he pays in. I will have to live way past the national average to get just what I paid in. No interest on that money. I paid the maximum amount every year from 1966 until I retired in 2006. That is a lot more than was put into my Union retirement account. And as I have already mentioned the Union retirement is well over double Social Security. The key word being Social. Or Socialized retirement. Where you rob me to pay some deadbeat that works a few years then expects a fat check from out of my pocket. We have a close friend that works in SSI. She is a case worker. She sees people everyday that have worked a very short time and are going on the Social Security roles. Most are parents of immigrants that are brought over just before they reach retirement age. Rocky that is the reason the system will be broke when you get around to collecting. And you can thank your Democrat brothers and sisters for spreading the wealth to people that do NOT deserve to receive that money. I don't even think that FDR had that in mind when he pushed for SS in the beginning. It is pure and simple buying votes. |
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Replying to: rockylee (Jan 29, 2008 10:01 pm) I agree, and it is especially true about vehicles. They are designed for a lot of miles and not many years. They crumple in the most minor of accidents and are not worth repairing. On the Chinese front. Do not eat the Chinese dumplings. TOKYO — At least eight Japanese were sickened, including a child who remains in a coma, after eating Chinese-made dumplings contaminated with an insecticide, police and health officials said Wednesday.. Looks like Japan is buying Chinese stuff also. |
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Replying to: dieselone (Jan 30, 2008 4:44 am) That is a great description of "reality" and thanks for posting it.  Rocky |
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Replying to: lemko (Jan 30, 2008 5:34 am)  -Rocky |
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Replying to: lemko (Jan 30, 2008 5:43 am)  -Rocky |
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Replying to: lemko (Jan 30, 2008 5:46 am)  Grandma, is 70 years but people in my family live to be very old so it is almost expected for her to have alot of life left in her. -Rocky |
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Replying to: lemko (Jan 30, 2008 5:54 am)  -Rocky |
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