Wednesday, January 26, 2005

A Couple of Ramblings

Global Warming: Diplomad is all over it. A must read. The Public Policy Research in Britain, the Center for American Progress in the United States and the Australia Institute says that global warming will be irreversable within 10 years, but does on to make suggestions for actions that should be carried out by 2025. Uh....2025? Isn't that more than 10 years away? And since global warming will be irreversable within 10 years why make suggestions past that time? Just goes to show they don't know what they're talking about.

More on Social Security: I found this at Social Security Calculator. I entered my age and sex and got the following information:
  • You can expect to pay $120,936 in Social Security taxes over your working life for retirement and survivors benefits. For those taxes, you can expect to receive $1,288 a month in Social Security retirement benefits. Your rate of return under today's Social Security is 2.74%.
  • However, if you had been able to invest your Social Security taxes in a Personal Retirement Account (PRA), you would have had a total of $552,478 when you retired. Your monthly benefits would have been $4,370. You lost $3,082 a month.

I feel rather ill.

Remember, this is a very rough estimate. I believe they are simply averages. They do not take into consideration your rate of pay over your lifetime. Your figures may be higher or lower.

Illegal Immigration: The Daily Demarche has a 5 step plan to stop illegal immigration. Looks good to me.

  1. Establish a more secure employment document - the Social Security card does not work.
  2. Punish American firms that hire illegal workers - this is the most important step.
  3. Revise and expand the H2 visa category - not just for Mexicans, but for all, and require that issuance only occur in the country of origin of the alien.
  4. Require legal workers to pay into Medicaid, and deny public benefits to illegal aliens found in America.
  5. Reduce the amount of foreign aid granted to any country by a set or variable amount based on the costs associated with each illegal immigrant detained/treated/deported.

Very interesting. Read the post here.


4 comments:

Anonymous said...

Interesting stuff. Keep us posted on what you find out about that alternative to AARP. The Soshcurity debate makes me yawn, even though I'm entering the age group that can still take "advantage" of it. The Diplomad's take on the EU's global-warming hysteria is hysterical. I was ROTFLOL. Thanks so much! :)

Anonymous said...

Whoops. Forgot about the Blogger commenter-ID thing. That was I, Sissy Willis, who made the previous comments. Thanks again.

http://sisu.typepad.com

Unknown said...

Check out the scientific facts about global warming at www.sepp.org. It's been going on since the last ice age and there's really nothing we can do about it since we're really not causing it.

Love your social security calculations. It's even worse if you're a married woman. You'll get a small percentage of what SS owes you if your husband earned more -- if he earned less, he'll get a small percentage of his! It's really bad.

However, it can be fixed. Check out the Fair Tax at www.fairtax.org.

Sunnye
http://www.sunnyeside.blogspot.com

Tammi said...

Oh My Goodness....regarding the Social Security thing......according to what it calculates I'm losing over $6,000 a month. I'm not going to be ill....I'm gonna be sick as all get out.