smirk's kool aid road show going to Tampa to see stock brokers

[donsu]

http://news.tbo.com/news/MGBEID4KQ4E.html


Bush's Appearance Is Ticket-Only Event


President Bush's town hall meeting Friday in Tampa will be a limited- access event in a two-day, five- city road trip promoting his bid to change Social Security.

About 1,000 ticket-holders can expect to see Bush in the Tampa Convention Center for about an hour starting at 4 p.m., a White House spokesman said Wednesday. A handful of individuals ``who have a vested interest in strengthening Social Security and have an important story to tell'' will join him onstage.

Among those invited to apply for the appearance were stockbrokers at Raymond James & Associates, a company spokeswoman said. Tampa's Blake High School jazz band was invited to perform, the school district said.

Bush may take questions from the audience, which will be limited to people holding tickets distributed through the offices of Gov. Jeb Bush and members of Congress.
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LOL - hope the protestors outside are 50 deep and loud.

wonder how many of members of the jazz band have spines.

[chicagojoe]

1. It's always "members only" with this worthless prick.

He wouldn't survive a public meeting with regular folks.
He'd be a rabbit in a room filled with hungry wolvws.

[Stephanie]

2. "SS reform" is just a gift to stockbrokers -

nothing should happen on this planet without the corporations taking a slice of profit off the top - that's the bottom line on everything BushCO does.

____________________________

On Social Security Reform, the Daring Policy Is Best
By Newt Gingrich, Peter Ferrara
Posted: Wednesday, February 2, 2005
ARTICLES The Hill (Washington)


<snip> Today, bond-market savants are raising similar questions about allowing workers a personal savings account option for Social Security. They argue that the government would have to issue trillions of dollars in transitional debt to cover promised benefits to today’s retirees while workers pay part of their payroll taxes into their personal retirement savings accounts. That debt, they again argue, would cause interest rates to soar, tanking the economy.

What these pessimists ignore is that the personal retirement savings accounts would guarantee huge sums in new investment funds moving into the markets as workers buy bonds and stocks for their accounts.

Consider the Social Security reform bill introduced by Rep. Paul Ryan (R-Wis.) and Sen. John Sununu (R-N.H.). The American Shareholders Association estimates that, under the Ryan-Sununu personal retirement savings account plan, if workers invested half their savings in bonds and the other half in stocks $85 billion would flow into the bond markets in the very first year alone. An increase of this size would double current annual investment flows into corporate bonds.

Moreover, the chief actuary of Social Security estimates that, after the first 15 years of personal savings under Ryan-Sununu, workers would have accumulated $7.8 trillion in today’s dollars in their personal retirement savings accounts, which is roughly the same amount invested in the entire mutual-fund industry today.

After the first 25 years of personal savings under Ryan-Sununu, the chief actuary estimates, workers would have accumulated $16.6 trillion in today’s dollars in their accounts. Yet, under the policies specified in Ryan-Sununu, the government would have issued only $1.25 trillion in new federal bonds at that point. Even that would be paid off during the following 15 years by the surpluses that would then be generated by the reform, according to the chief actuary’s official score of the proposal.

http://www.aei.org/news/newsID.21910,filter.all/news_detail.asp

____________________________

[ayeshahaqqiqa]

3. wouldn't it be sweet

if there was a ringer in the audience? You know what I mean-someone who appears to be a stockbroker-is allowed to ask a question-and then hits Shrub with something like, "Since you've said that your program isn't going to help the SS shortfall, wouldn't it make more sense to rescind the tax cuts for the rich and put the money into SS?"