Extensive ties to a powerful Koch group boost Cain

[Mr. Big Dog 10,747]

The candidate to fear (for real) is Romney. He's reasonably electable.

I hope the GOP nominates the Pizza man. For real!

[^_^ 5,021]

Who's a VJ anti-Semite?

Slow your roll. I don't mean you.

[^_^ 5,021]

I hope the GOP nominates the Pizza man. For real!

If they do, the entire RWN moneyed universe will back him up. I wouldn't get too complacent.

[Mr. Big Dog 10,747]

If they do, the entire RWN moneyed universe will back him up. I wouldn't get too complacent.

Cain is proposing a huge tax hike on the majority of voters and an end to Social Security and Medicare. Now this will get some folks very excited - those that will see their taxes hugely cut and those that don't know how to calculate the effect of these proposed changes in the tax code - but it won't win you an election. Remember also that just about all of the members of Congress that will run for re-election - including House and Senate Republicans that have any sense of self-preservation left in them - will run wildly and loudly against these proposals. The 2012 race would be quite entertaining with the Pizza man on the top of the GOP ticket.

[^_^ 5,021]

Cain is proposing a huge tax hike on the majority of voters and an end to Social Security and Medicare. Now this will get some folks very excited - those that will see their taxes hugely cut and those that don't know how to calculate the effect of these proposed changes in the tax code - but it won't win you an election. Remember also that just about all of the members of Congress that will run for re-election - including House and Senate Republicans that have any sense of self-preservation left in them - will run wildly and loudly against these proposals. The 2012 race would be quite entertaining with the Pizza man on the top of the GOP ticket.

He will deny his plan does that and a very large % of the electorate will simply tune the accusation out as just another "he said she said" kinda thing.

Cain is beating Obama in the polls.

The latest Rasmussen Reports national telephone survey of Likely U.S. Voters shows Cain attracting 43% support, while Obama earns 41%. Given such a matchup, eight percent (8%) prefer some other candidate, and another eight percent (8%) are undecided.

[Mr. Big Dog 10,747]

He will deny his plan does that and a very large % of the electorate will simply tune the accusation out as just another "he said she said" kinda thing.

I think the 50 million seniors will demand clear answers on where their benefits come from once the funding for SS and Medicare are eliminated. And the tens of millions of prospective retirees will demand answers, too. "9-9-9" isn't going to cut it.

[웃 910]

Cain is proposing a huge tax hike on the majority of voters and an end to Social Security and Medicare. Now this will get some folks very excited - those that will see their taxes hugely cut and those that don't know how to calculate the effect of these proposed changes in the tax code - but it won't win you an election. Remember also that just about all of the members of Congress that will run for re-election - including House and Senate Republicans that have any sense of self-preservation left in them - will run wildly and loudly against these proposals. The 2012 race would be quite entertaining with the Pizza man on the top of the GOP ticket.

Technically he doesn't want to end SS. He wants the Chilean model. He pretty much wants a second 401K plan. No handouts. You work and pay in - you get a retirement plan. Something sent to you by government with your name on it. You don't work - go ask your church, city council, state, charities, or local businesses for help.

http://www.bloomberg.com/news/2011-10-17/cain-s-social-security-model-risks-miring-u-s-in-deeper-debt.html

Edited October 17, 2011 by Lord Infamous

[Mr. Big Dog 10,747]

Technically he doesn't want to end SS. He wants the Chilean model. He pretty much wants a second 401K plan. No handouts. You work and pay in - you get a retirement plan. Something sent to you by government with your name on it. You don't work - go ask your church, city council, state, charities, or local businesses for help.

http://www.bloomberg.com/news/2011-10-17/cain-s-social-security-model-risks-miring-u-s-in-deeper-debt.html

While Cain has not elaborated on how the plan would work in the U.S., his campaign rejected the idea that it could have disastrous consequences on the U.S. fiscal picture.

“We disagree with your analysis,”...

...but we can't quite demonstrate how this would actually work. How we would eliminate the revenue stream for Social Security while maintaining paying benefits to seniors without blowing a hole into the budget that would make the deficts since the Great Recession look like something rather desirable.

[웃 910]

It's a real success!

While Chile's pension system has helped enforce fiscal discipline, it has also left millions without savings for their retirement and originally provided no safety net for the poor.

In 2007, only 60 percent of Chilean workers had some kind of pension coverage, down from 86 percent in the 1970s, according to a 2009 article Iglesias wrote for the Organization for Economic Cooperation and Development.

Even those in the system are not guaranteed an income to see them through their golden years. Almost half of affiliates aged between 60 and 65 have less than 5 million pesos ($10,000) saved up, according to the latest figures from the Superintendent of Pension Funds. That's not enough live on for a year and a half, based on Chile's average monthly salary of 338,000 pesos.

"People had to put off retirement because the pensions they were due to receive couldn't maintain their quality of life," Reyes said.

Edited October 17, 2011 by Lord Infamous

[Mr. Big Dog 10,747]

It's a real success!

While Chile's pension system has helped enforce fiscal discipline, it has also left millions without savings for their retirement and originally provided no safety net for the poor.

In 2007, only 60 percent of Chilean workers had some kind of pension coverage, down from 86 percent in the 1970s, according to a 2009 article Iglesias wrote for the Organization for Economic Cooperation and Development.

Even those in the system are not guaranteed an income to see them through their golden years. Almost half of affiliates aged between 60 and 65 have less than 5 million pesos ($10,000) saved up, according to the latest figures from the Superintendent of Pension Funds. That's not enough live on for a year and a half, based on Chile's average monthly salary of 338,000 pesos.

"People had to put off retirement because the pensions they were due to receive couldn't maintain their quality of life," Reyes said.

Alright. It all comes together now. Work 'til you drop and before you do drop, make sure you leave some cash on Wall Street. Them guys need it for their casino.

[mawilson 2,133]

Who's a VJ anti-Semite?

#1 is Just_Bob

Slow your roll. I don't mean you.

Yeah, she's only #3 or #4.

[mawilson 2,133]

He wants the Chilean model.

Which is also the Australian model - 100% private and working extremely well.

[I AM NOT THAT GUY 5,715]

Yeah, she's only #3 or #4.

Sofiyya is a Semite.

[웃 910]

Which is also the Australian model - 100% private and working extremely well.

Here's the difference.

They have 21.87 million people.

We have 45.8 million people:

ON FOOD STAMPS!!

Edited October 17, 2011 by Lord Infamous

[Mr. Big Dog 10,747]

Which is also the Australian model - 100% private and working extremely well.

Great. Where in Cain's plan is the 9% compulsory employer contribution to the retirement fund of their employees? Are we now talking about 9-9-9-9 rather than 9-9-9? Or will it be 9-9-9-9-9-9? How many more 9's are we going to see until it's all said and done?