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The Glass and Steagall Act was repealed by an act in traduced by three republicans. The bill was passed in 1999 when Republicans were the majority. I believe that only certain portions were appealed. You can't blame any party in it's entirety.
Put politicians on Social Security, make them contribute at the same rate as everyone else (or make them contribute, period) with the same restrictions and watch them make social security what it was meant to be.
From 1977 until 2009 I put away nearly $300,000.00. Every year 4% of the interest earned was reinvested for me through the employee retirement system, over 4% was put into the state general fund. I also contributed to a deferred compensation plan with the city. To this day the State continues to use my money to obta...more
To guarantee that SS would continue Americans need to demand that all politicians elected or appointed, Federal, State and County, who take office after 2011 contribute to SS. Their retirement would be based on their years of service and SS payments. They would fix SS within a few days.
My wife and I both quit college and went to work full time. We invested regularly and worked hard. When times were good we invested 25% of our salaries. When times were bad we worked harder and invested 25% of our salaries. We both retired, prior to 55 years old, and have a combined income of over $90,000 a year. ...more
You have got to be kidding! Pia was my choice for top three and now she is gone when Steffano should ave been gone long ago. Jacob should also have been eliminated before Pia. I'll be busy on Wednesday night from now until the end of the season. Busy watching something else.
I have a novel idea that would really help save the system. Social Security payments for only those who contribute to Social Security. There are too many elected officials who benefit from Social Security without contributing to it. Billions of dollars have gone to those who do not contribute. The common citizen is...more
I am one of the lucky ones, or maybe I was taught right. My parents scraped by but lived well after retirement. I began investing 12.5% of my income in 1978 and opened a deferred compensation plan in 1986 contributing 5%. In 2000 I increased that to 12.5%. I hired a financial planner in 2004 and retired in 2009 at ...more
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