"There is danger from all men. The only maxim of a free government ought to be to trust no man living with
power to endanger the public liberty." - - - - John Adams

Tuesday, November 22, 2011

Newt tries to lose the election

Are Republicans Idiots?  Part XVII.
For some strange reason Republican candidates want to commit political suicide on live TV.

GOP - A party of idiots?  -  Stupid people on parade!

Republican presidential contender Newt Gingrich proposed allowing younger workers still decades away from retirement to bypass Social Security and instead choose private investment accounts.

I have to ask, what the Hell is wrong with the GOP?  Are they fucking stupid? 

The nation is imploding.  Millions of unemployed.  Millions of home foreclosures.  Businesses and banks closing left and right. . . . . and the moron Republicans like Newt can't help themselves from talking about Social Security.  They go out of the way to give Democrats ammo to frighten the GOP base of senior citizens to death.

It is as if the GOP has a Death Wish or that they are being paid off by Democrats to commit suicide on live TV.

The former House speaker would allow younger workers to take their share of the payroll tax that funds Social Security and put it in a private account.  Employers would still pay their share of the tax, which would be used to pay benefits for current retirees, reports the Associated Press.

"Wouldn't you rather control your account?" Gingrich asked an audience of students at St. Anselm College.

At a business leaders' breakfast earlier in the day in Nashua, Gingrich predicted that the program "would save literally trillions over the next generation."

Under the plan, workers would be able to do one of two things: continue sending their share of Social Security taxes to the popular, safety-net program or give it to private firms that would compete for those dollars - as much as $20,000 a year, Gingrich estimated.

"No one is ever forced into the (private account) system," he said after the speech.

Under Gingrich's plan, the federal government would regulate the private accounts run by private firms to ensure the portfolios were diversified enough to prevent one company or sector from taking down the entire system.

Government approved firms then would compete for consumers, who could move their money among accounts based on fund performance.

The Republican Party  -  Always willing to snatch defeat from the jaws of victory.
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