Comments on: Our government invests in failure

By: Pay your taxes on time! | rocket finance

Pay your taxes on time! | rocket finance — Fri, 17 Apr 2009 04:39:38 +0000

[...] If you pay your taxes on time, you will be happy to know that at least one member of your government would like to give some of your money to failing newspapers. Why not? If your company is close to going bankrupt, Uncle Sam has a deal for you. [...]

By: * Weekly Highlights: April 5, 2009

* Weekly Highlights: April 5, 2009 — Wed, 08 Apr 2009 02:08:21 +0000

[...] worth it? at Living Almost Large — A good analysis if you’re interested in buying one.Our government invests in failure at Rocket Finance — Great article. What do you think?Is it Ethical to Re-Lock your Mortgage [...]

By: Friday Stack: Please step down, Mr. Geithner Edition | rocket finance

Friday Stack: Please step down, Mr. Geithner Edition | rocket finance — Fri, 27 Mar 2009 04:24:48 +0000

[...] earlier this week, I wrote that our government likes to invest in failure. I think that Congressman Benjamin Cardin must have read the article at this little blog because he [...]

By: rocketc

rocketc — Wed, 25 Mar 2009 04:20:06 +0000

To your first point, you often ask that government set a minimum wage, provide for our retirement, take care of our education, provide health care, etc. You and I agree that a lot of changes are needed in government. The difference between you and me is that I want government (especially the federal kind) to be involved in as little as possible.

You illustrate your bias in the second paragraph, you seem to think that the only way your mother could keep her house was through provision by the federal government. You also believe that your grandmother can live on her own only because of the wisdom of the federal government.

There are many ways to solve these two problems without involving the federal government. Don’t you advocate that people should invest in IRA’s and 401K’s? I can’t afford to invest in such vehicles – I would sure love to take the 14% of my income that goes to D.C. every year . . . I would be much farther ahead if all of my FICA taxes were to be invested in the market. SS will go bankrupt when I am 65, furthermore, the market would be more stable with new investments flowing into the market every payday.

The free, private market is not perfect, there are problems with it, but it is far preferable to the crooks in Washington taking care of our health care, education, retirement and the rest.

By: David

David — Mon, 23 Mar 2009 23:50:19 +0000

Where does it say that I trust government to solve anything at all? Please don’t put words in my mouth. But the fact is that we have a government who should be working for us, and they aren’t – I can admit that. We need to make a lot of changes, but it will never, ever happen. Ever.

How has government done with SS? Well, for starters it allowed my mom to keep her house after my father died at 45 years old. It allows my grandmother to live on her own at 97. Will it be there for me? Probably not, but at least I know it. It’s not run correctly to balance the population growth, but it has done some good. Thank someone that some people are able to get it. All these people who lost 50% of their retirement funds because of the market lately will be thankful they can get it. Imagine if SS was in the market as GWBush had wanted? Scary.