posted September 11, 2013 01:07 PM            

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First acoustic, I don't need to disprove you. You're the one making the allegation and the burden of proof falls on YOU.

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I'm saying something that is widely known already. Why would the onus be on me to PROVE what WE ALL COLLECTIVELY ALREADY KNOW?!

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Now acoustic, what was that you were saying about the Heritage Foundation floating a plan to invest SS funds in the stock market?

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Nice try.

An Improved Savings Plan to Supplement Social Security. As Social Security is transformed into a real insurance system that focuses scarce resources on those who need them most, the plan also creates better ways for workers to build savings for retirement.

Beginning in 2014, a new savings plan will be introduced over two years. Under this plan, 6 percent of each worker’s income is placed in a retirement savings plan that the worker owns and controls unless he or she explicitly declines to have such an account. (This approach is known as automatic enrollment.)

This new, additional retirement security system gives Americans another tool with which to secure their retirement standard of living. Savings are invested through an improved version of the IRA/401(k) employment-based retirement savings system already familiar to Americans. The money put into these savings accounts will not be double-taxed, unlike today’s Social Security payments and many other savings mechanisms.

In addition to this new savings plan, workers have two other important ways to save for retirement.

First, under the reformed tax system detailed below, all savings (without limit) will no longer be double-taxed. Savings remain completely free of taxation until they are actually spent.

Second, as benefit reforms drive the costs of Social Security below the level of taxes collected, those savings will go into the workers’ accounts.
Saving the American Dream: The Heritage Plan to Fix the Debt, Cut Spending, and Restore Prosperity, May 10, 2011, Heritage Foundation

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Btw, the Cato Institute is not a conservate shop. The Cato Institute is a Libertarian think tank.

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Attempting to split hairs about an unimportant detail in this conversation? Is that how you hope to win? What was Cato's former name again? Ah, yeah, that's right: the "Charles Koch Foundation." Trying to dislodge Cato from conservatism is not the smartest way to tackle the material.

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You're embarrassing yourself acoustic...again.

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posted September 11, 2013 11:48 PM            

Nowhere does the Heritage Institute say social security funds should be or would be invested in the stock market.

By the way...for those who know nothing about investment...an IRA is "An Individual Retirement Account". In other words, a "Savings Account". And, an IRA/401K is an employment based retirement savings account.

You're always behind the knowledge curve acoustic. Keep up the good work.

posted September 12, 2013 08:02 AM            

Hahaha, you don't even know the difference between a conservative and a libertarian. No wonder you always sound so head up your ass confused.

ROTFL

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