Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Another discussion of ss reform
Old 02-04-2005, 09:38 PM   #1
Thinks s/he gets paid by the post
 
Join Date: Feb 2003
Location: Mesa
Posts: 3,588
Another discussion of ss reform

http://www.pimco.com/LeftNav/Late+Br...O_Feb_2005.htm

"... Rob Arnott of Research Affiliates LLC, sub-advisor of PIMCO’s all asset strategy and a co-collaborator with Peter Bernstein on several articles about risk and future asset returns, has advanced what I consider to be the most realistic take on Social Security and Medicare trust funds. Pre-funding these systems, he argues, "is basically irrelevant." And (in my own words) it matters little whether the system is pre-refunded with Treasury bonds or privately held stocks. The fact is that both of these financial assets represent a call on future production. . ."
__________________

__________________
sgeeeee is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Another discussion of ss reform
Old 02-05-2005, 03:27 AM   #2
Thinks s/he gets paid by the post
Tadpole's Avatar
 
Join Date: Jul 2004
Posts: 1,169
Re: Another discussion of ss reform

Every time I read a pontification by a financial expert, I wonder where these guys were when their supreme leader Greenspan invented the surplus? Is all of this just hindsight disguised as intelligence?
__________________

__________________
Tadpole is offline   Reply With Quote
Re: Another discussion of ss reform
Old 02-05-2005, 03:31 AM   #3
 
Posts: n/a
Re: Another discussion of ss reform

Hello Tadpole! I see you jumped right on this topic

These SS discussions are obviously unavoidable on any
site having to do with ER. Everyone has an opinion
and/or prediction. Hindsight, foresight, or blind luck,
most will be wrong. I figure I have little or no control over the outcome. Just hoping for the best..........

JG
__________________
  Reply With Quote
Re: Another discussion of ss reform
Old 02-05-2005, 03:57 AM   #4
Moderator Emeritus
Martha's Avatar
 
Join Date: Feb 2004
Location: minnesota
Posts: 13,212
Re: Another discussion of ss reform

On The Daily Show the night after the State of the Union address there was a funny routine about the absolute need to address social security now because it is going to be bankrupt in 2042. Jon Stewart said "if only Eisenhower planned ahead, we would never have had the internet stock bubble in 2000."
__________________
.


No more lawyer stuff, no more political stuff, so no more CYA

Martha is offline   Reply With Quote
Re: Another discussion of ss reform
Old 02-05-2005, 04:16 AM   #5
Thinks s/he gets paid by the post
Tadpole's Avatar
 
Join Date: Jul 2004
Posts: 1,169
Re: Another discussion of ss reform

Quote:
Hello Tadpole! *I see you jumped right on this topic *

These SS discussions are obviously unavoidable on any
site having to do with ER. *Everyone has an opinion
and/or prediction. *Hindsight, foresight, or blind luck,
most will be wrong. *I figure I have little or no control over the outcome. *Just hoping for the best..........

JG
Hi John Galt, busy tonight? I got a comfy lily pad and big pool. Gators are free.

Yea, I jump on SS issues. With SS, I retire early. Without, I die at my desk. I am jealous of you guys; I admit it. SS is a way of pretending I am in the gang when I am just the observer.
__________________
Tadpole is offline   Reply With Quote
Re: Another discussion of ss reform
Old 02-05-2005, 04:30 AM   #6
 
Posts: n/a
Re: Another discussion of ss reform

Hello Tadpole. Yeah, I would really be forced to hop fast
without SS on my horizon. That program sure gives me a "leg" up. Like you, I might have to croak at my desk
otherwise. My advice to other tadpoles out there is to
save early and often. Remember, I toad you so................

JG
__________________
  Reply With Quote
Re: Another discussion of ss reform
Old 02-05-2005, 05:58 AM   #7
Thinks s/he gets paid by the post
Eagle43's Avatar
 
Join Date: Jan 2005
Location: DFW
Posts: 1,879
Re: Another discussion of ss reform

Here's the link, again, you might have to register.

http://www.nytimes.com/2005/02/05/op...?oref=login&th

Mr. Nicholas D. Kristof's article argues that the Democrats have got to suggest something progressive and concrete. He even refers to Bill Clinton in 1998 stating: "We all know a demographic crisis is looming. ... If we act now it will be easier and less painful than if we wait until later." Further, If Bush is wrong, then what is right?"

The president proposes, the congress discusses, and this time they gonna vote. Hopefully, no more putting it off for another president/congress to blah blah some more.

Of course I'm probably optimistic. When the heat gets close to the off-year elections, it will be the Republicans who cave.

I shall be applying for early SS this month. No jawboning and no half-stepping for me. Pay me now! And I'd like to offer my thanks to all of you 30/40-year olds in advance.

__________________

__________________
Resist much. Obey Little. . . . Ed Abbey

Disclaimer: My Posts are for my amusement only.
Eagle43 is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Professor Fired Over Va. Tech Discussion - Victimhood dex Other topics 3 04-24-2007 03:59 PM
Why in the world would you post to (eeeuw) a discussion board?!? Nords Other topics 88 08-22-2006 11:08 PM
Health Care Panel Discussion Billy FIRE and Money 3 04-08-2006 10:51 PM
Tax Reform - a 'baby step'? ERD50 FIRE and Money 4 02-13-2006 04:25 PM
Count down to bankruptcy reform Martha Other topics 3 10-05-2005 08:05 AM

 

 
All times are GMT -6. The time now is 08:18 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.