slugshooter Posted March 4, 2005 Report Share Posted March 4, 2005 False Attacks Over "Windfalls" to Wall Street Summary New information turned up by FactCheck.org shows that the type of private Social Security accounts being proposed by President Bush would yield very little profit to the securities industry, contrary to persistent claims of a potentially huge "windfall" to Wall Street. What we have discovered is that the model for Bush's accounts -- the Federal Thrift Savings Plan for federal workers -- actually paid securities firms a net total of only 16 cents for every $10,000 in workers accounts. The TSP had refused to make that information public -- until now. It shows that fees actually being paid to Wall Street are hundreds of times smaller than some critics had assumed. For that reason and others we find that ads run in Louisiana by the liberal Democratic group Campaign for America's Future are grossly misleading. The group is accusing Republican Rep. James McCrery, who is chairman of the Social Security subcommittee and a supporter of Bush's private accounts, of "corruption" for accepting campaign donations from Wall Street, which it falsely claims will "profit most" from private accounts. Click the link below for the full article: http://www.factcheck.org/article310m.html Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 5, 2005 Report Share Posted March 5, 2005 Re: Another Factcheck enlightenment. So in other words those who are handling investing the money are making a minimal profit to invest those monies while some dems are making accusations of there being some kind of inaproriate handling of that money? Please correct me if I am wrong here, but dems making such false accusations is nothing new. Quote Link to comment Share on other sites More sharing options...
slugshooter Posted March 6, 2005 Author Report Share Posted March 6, 2005 Re: Another Factcheck enlightenment. Both sides have been running false ads since this whole Social Security debate has been raging, At this point I don't really have an opinion, I don't really know enough about Social Security to make an informed decision about the subject thats why for the most part I have just sat back and watched the raging debates in here. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 6, 2005 Report Share Posted March 6, 2005 Re: Another Factcheck enlightenment. [ QUOTE ] There you go again blaming democarts for every thing. Most repulicans do that thought nothing new!! [/ QUOTE ] Nope was not blaming anyone, the article if you read it clearly say that dems were making false accusations directed at republicans. I read that and rephrased it, dont mistake that with blaming. And again since you fail to seem to remember I am not a republican but am an independant. Quote Link to comment Share on other sites More sharing options...
slugshooter Posted March 7, 2005 Author Report Share Posted March 7, 2005 Re: Another Factcheck enlightenment. [ QUOTE ] And again since you fail to seem to remember I am not a republican but am an independant. [/ QUOTE ] Independent/Republican , same difference. Quote Link to comment Share on other sites More sharing options...
wtnhunt Posted March 7, 2005 Report Share Posted March 7, 2005 Re: Another Factcheck enlightenment. [ QUOTE ] [ QUOTE ] And again since you fail to seem to remember I am not a republican but am an independant. [/ QUOTE ] Independent/Republican , same difference. [/ QUOTE ] . LOL. Sure whatever sluggo. Quote Link to comment Share on other sites More sharing options...
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