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You All Screwed Yourselves!!
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<blockquote data-quote="BrownShark" data-source="post: 261658" data-attributes="member: 12148"><p>Wow, </p><p> </p><p>I would like to thank Rush (Char) Limbaugh for contributing to a UPS debate. This has to be the most ignorant post yet to date.</p><p> </p><p>Your point about social security is so far off base its not even funny. 3 presidents are solely responsible for putting social security in the <span style="color: red">RED </span><span style="color: black">and the road to recovery for this program looks bleak.</span></p><p> </p><p>Presidents Reagan, Bush 1 & Bush 2 have "borrowed" hundreds of billions of dollars from this fund and left a little note saying "I.O.U" each time without a justified program to repay this money.</p><p> </p><p>For Reagan, his battle with the "cold war" cost the taxpayers trillions of dollars and now, his spending has hundreds of useless strategic bombers sitting in a Nevada desert mothball base. These planes never flew a mission or spent a day at a military facility anywhere in the world. The many defense programs he spent the money on never saw the light of day ie: star wars. (Strategic missile defense system) President Reagan was the first President in the history of the United States to take the federal deficit over 1 Trillion Dollars.</p><p> </p><p>For Bush 1, his infamous words "read my lips, no new taxes" came back to haunt him, when the bill for all the overspending of Reagan finally caught up with him. He indeed raised taxes and was forced to take money out of the social security fund to pay for a brief war with Iraq.</p><p> </p><p>This money was NEVER Repayed either. </p><p> </p><p>Our current President tops them all. Not only has he taken billions from the social security fund for defense spending, hes also cut vital programs for veterans to the tune of 900 million a year to pay for his war of choice.</p><p> </p><p>Like his mentors (Reagan/Bush) he also has no plan to pay it back and with all the baby boomers getting ready to withdraw from the plan, there isnt enough money to pay out and remain solvent.</p><p> </p><p>In the 6 years he has been in office, President Bush has taken the federal deficit over 9 Trillion dollars, this sets an all time record for federal deficits and in fact, our current deficit is more than all the federal budgets combined from George Washington thru Ronald Reagan.</p><p> </p><p> </p><p>You wrote: " It is no different than Americans wanting free health care and social security."</p><p> </p><p>As an employee of UPS, do you pay for your healthcare? If not, why not surrender that priviledge and pay the cost yourself. Why take advantage of the collective barganing process and then call others greedy?</p><p> </p><p>Tell UPS HR that you want to make your own contribution to the health care plan that you are on. Why not set a trend for all the others with your mindset. </p><p> </p><p>As far as social security is concerned, if the three presidents I have mentioned NEVER BORROWED from this fund, it would be a fully funded and operational program today.</p><p> </p><p>During the Clinton Administration, and by cutting useless defense programs, President Clinton put 20 billion dollars back into social security.</p><p> </p><p>When you say "WE ALL SCREWED OURSELVES", hows that? </p><p> </p><p>Are you some kind of financial guru, yet work as a part timers at UPS?</p><p> </p><p>You expect us to believe you have the savy to invest your money wiser than everyone else? </p><p> </p><p>Privitazation of social security and pensions is a complicated one. </p><p> </p><p>Currently, there are HUNDREDS of private pension funds going to the PBGC because they failed in the private market. These single employer plans were also victims of the ENRON, WORLDCOM etc... scandals that plagued this country in the 80's and 90's.</p><p> </p><p>The PBGC is facing a crisis of its own, and in fact is currently 40 billion dollars underfunded. Large corps like Delta and American Airlines have dumped their pensions into the PBGC with the blessing of the Bush Administration.</p><p> </p><p>In his 7 year tenure, more companies have dumped their pensions into the PBGC than in any time in history of the PBGC.</p><p> </p><p>You blamed the workers why????</p><p> </p><p>Central States Pension fund took a huge hit during the Enron, World Com scandals and that cost billions. This was no fault of the employees. </p><p> </p><p>Bad decisions on investments happen everyday. The private sector is no more immune from bad decisions than is the Teamsters.</p><p> </p><p>Maybe you should consider a job with the board of Trustees of the CS funds and guide them to success with your insights??</p><p> </p><p>Otherwise, leave your Rush Limbaugh impressions at the door.</p><p> </p><p>Peace.</p></blockquote><p></p>
[QUOTE="BrownShark, post: 261658, member: 12148"] Wow, I would like to thank Rush (Char) Limbaugh for contributing to a UPS debate. This has to be the most ignorant post yet to date. Your point about social security is so far off base its not even funny. 3 presidents are solely responsible for putting social security in the [COLOR=red]RED [/COLOR][COLOR=black]and the road to recovery for this program looks bleak.[/COLOR] Presidents Reagan, Bush 1 & Bush 2 have "borrowed" hundreds of billions of dollars from this fund and left a little note saying "I.O.U" each time without a justified program to repay this money. For Reagan, his battle with the "cold war" cost the taxpayers trillions of dollars and now, his spending has hundreds of useless strategic bombers sitting in a Nevada desert mothball base. These planes never flew a mission or spent a day at a military facility anywhere in the world. The many defense programs he spent the money on never saw the light of day ie: star wars. (Strategic missile defense system) President Reagan was the first President in the history of the United States to take the federal deficit over 1 Trillion Dollars. For Bush 1, his infamous words "read my lips, no new taxes" came back to haunt him, when the bill for all the overspending of Reagan finally caught up with him. He indeed raised taxes and was forced to take money out of the social security fund to pay for a brief war with Iraq. This money was NEVER Repayed either. Our current President tops them all. Not only has he taken billions from the social security fund for defense spending, hes also cut vital programs for veterans to the tune of 900 million a year to pay for his war of choice. Like his mentors (Reagan/Bush) he also has no plan to pay it back and with all the baby boomers getting ready to withdraw from the plan, there isnt enough money to pay out and remain solvent. In the 6 years he has been in office, President Bush has taken the federal deficit over 9 Trillion dollars, this sets an all time record for federal deficits and in fact, our current deficit is more than all the federal budgets combined from George Washington thru Ronald Reagan. You wrote: " It is no different than Americans wanting free health care and social security." As an employee of UPS, do you pay for your healthcare? If not, why not surrender that priviledge and pay the cost yourself. Why take advantage of the collective barganing process and then call others greedy? Tell UPS HR that you want to make your own contribution to the health care plan that you are on. Why not set a trend for all the others with your mindset. As far as social security is concerned, if the three presidents I have mentioned NEVER BORROWED from this fund, it would be a fully funded and operational program today. During the Clinton Administration, and by cutting useless defense programs, President Clinton put 20 billion dollars back into social security. When you say "WE ALL SCREWED OURSELVES", hows that? Are you some kind of financial guru, yet work as a part timers at UPS? You expect us to believe you have the savy to invest your money wiser than everyone else? Privitazation of social security and pensions is a complicated one. Currently, there are HUNDREDS of private pension funds going to the PBGC because they failed in the private market. These single employer plans were also victims of the ENRON, WORLDCOM etc... scandals that plagued this country in the 80's and 90's. The PBGC is facing a crisis of its own, and in fact is currently 40 billion dollars underfunded. Large corps like Delta and American Airlines have dumped their pensions into the PBGC with the blessing of the Bush Administration. In his 7 year tenure, more companies have dumped their pensions into the PBGC than in any time in history of the PBGC. You blamed the workers why???? Central States Pension fund took a huge hit during the Enron, World Com scandals and that cost billions. This was no fault of the employees. Bad decisions on investments happen everyday. The private sector is no more immune from bad decisions than is the Teamsters. Maybe you should consider a job with the board of Trustees of the CS funds and guide them to success with your insights?? Otherwise, leave your Rush Limbaugh impressions at the door. Peace. [/QUOTE]
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