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We’re not sure this classifies as “fun,” but there are some practical ideas attached to the following:
Subject: Retirement
Our Senators and Congressmen don’t pay in to Social Security, and, of course, they don’t collect from it. The reason is that they have a special retirement plan that they voted
for themselves many years ago.
For all practical purposes, it works like this:
When they retire, they continue to draw their same pay, until they die, except that it may be increased from time to time, by cost of living adjustments. For instance, former
Senator Bradley and his wife may be expected to draw $7,900,000, with Mrs. Bradley drawing $275,000 during the last year of her life. This is calculated on an average lifespan
for each.
This would be well and good, except that they paid nothing in on any kind of retirement, and neither does any other Senator or Congressman. This fine retirement comes right out
of the General Fund — our tax money. While we who pay for it all draw an average of $1,000/month from Social Security.
Imagine for a moment that you could structure a retirement plan so desirable that people would have extra deducted so that they could increase their own personal retirement
income. A retirement plan that works so well that railroad employees, postal workers, and others who aren’t in it would clamor to get in.
That is how good Social Security could be, if only one small change were made. That change is to jerk the Golden Fleece retirement out from under the Senators and Congressmen,
and put them in Social Security with the rest of us. Then watch how fast they fix it.
If enough people receive this, maybe one or some of them along the way, might be able to help.
How many of our Representatives and Senators in Congress can YOU send this idea to?
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Sing this to American Pie – if you can keep from crying:
A long, long week ago I can still remember
How the market used to make me
smile.
What I’d do when I had the chance,
I’d get myself a cash advance and add another tech stock to the pile.
But Alan Greenspan made me shiver
With every speech that he delivered.
Bad news on the rate front,
Still I’d take one more punt
I can’t remember if I cried
When I heard about the CPI.
I lost my fortune and my pride
The day the NASDAQ died.
So bye-bye to my piece of the pie.
Now I’m gettin’ calls for margin
Cause my cash account’s dry.
It’s just two weeks from a new all-time high,
And now we’re right back where we were in July
We’re right back where we were
in July.
Did you buy stocks you never heard of?
QCOM at 150 or above?
Cause George Gilder told you so.
Now do you believe in Home Depot?
Can Wal-Mart save your portfolio?
And can you teach me what’s a P/E ratio?
Well, I know that you were leveraged too,
So you can’t just take a long-term
view.
Your broker shut you down,
No more margin could be found
I never worried on the whole way up
Buying dot coms from the back of a pickup truck.
But Friday I ran out of luck
It was the day the NAAAAASDAQ died.
I started singin’
Bye-bye to my piece of the pie.
Now I’m gettin’ calls for margin
'Cause my cash account’s dry.
It’s just two weeks from a new all-time high
And now we’re right back where we were in July.
We’re right back where we
were in July.
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