401K

" In particular."

" I decided who I'm supporting for president in the next election cycle already yes while -- and they've been doing a lot of research and who might that beat this guy -- already stepped above and beyond. Mark Sanford South Carolina South Carolina did he can affect a long walk and always missing you've been missing since last third hot hot hot this is my ideal politician you can you can live -- you can count -- can you imagine how much happier we -- disappeared. I. So efforts did it for the day I thought he might propel his -- his wife is saying oh well he didn't tell me was -- and -- Getting but I know he's working on a book it's what I think he's writing and then and then his chief of staff says. Though he called us and said he was headed needs some downtime and -- away from the kids so. So this just gonna opt out. Now they're saying they no worries he's he's climbing the appellation -- zero yeah him where's where's appellation. Appalachia that Tennessee injures the Appalachian trail the and it -- doesn't that run all the way from Vermont -- Georgia Vermont he's in Vermont he could be so please check out their primary states and a Jerry's. Now he's a little goofy or -- you probably uses cilantro some legendary hiking trail runs the -- relief through all those mountains whenever I hear the word -- I think you have -- well Virginia due to the West Virginia behind deliverance I think -- absolutely. I think give it was forced anal intercourse -- a a -- I in and you think -- and empower -- it all right well time has ties -- was all right so our story out today says 25%. Of American companies either have -- planning on eliminating their contribution your foreign -- right happened here last year with the weren't going to college -- right where -- trend -- century has always Johnson's."

" anything to us if anything to screw the help. No question about it but it's it's a it's a big big story this is happening more and more frequently in people worried about at the -- Americans I don't want to overstate this -- generalized a lot of people had been enticed to go into the for a one -- they know that Social Security is probably going to be a meager. Existence. If and when they get to that point of their life that want to supplement that they note the right thing to set something aside for that proverbial rainy day so on and so forth. 3% they put up 3% all of sudden while you've doubled your money."

" In which tax -- is -- pretty -- who works well if he can intuit is young person you're getting that match -- you're putting up 5% and in the company's matching with 5% suddenly 10% of your salary. Going into a good investment not into social security and into good investment -- each year on with normal stock market gains you end up have and you know millions of all whenever an --"

" Build some -- just a question about which is a good thing I think it's to be encouraged like the way the tax law treats that I'd like the way. Employers are it is in the best interest to beat to build. They are committed and disciplined. Workforce nicest critical but under the stress of economic events to -- as you say twenty in the polls tells us 25% of companies have already cut the match. Or planning yeah so. I'm actually surprised wise -- AM I'm surprised the numbers on higher if you would asked me hey Tommy guests before we you know before we read the article guess how many companies I would've guessed it probably."

" I would guess north of fifty per I think the other -- is fired everybody how. Hassan wasn't that big a -- I I can always fun leave it to you kinda -- is just a side of the equation. No question about it -- out case screw -- you Perot won okay to have taken we want all our employees to still get their match on their 401K we just don't want to have any employees and more cannot afford. But the one or two week he surely want to match now I don't companies by the way limit this 41 K for one K match or certain -- the Middle East. To and or is it level I think you're gonna say to a certain level of income so. You know a certain amount of your income that you can put away and -- in the film match --"

" That the IRS imposes some regulations on how much you can set aside and what the matches and so on and so forth but some company's actual restricted to. Executive level positions are certain things like that I know when I was at the best -- tech council was it's not a big. Organization may be about twelve employees is every Kobe be fourteen. I said and this is not going to be when you know something and sent to what's somethin' suites up the nice for the top help. And the rest of the team goes without admitted available to everybody at the best Biotech council he -- and we do it out they start a law firm that I was associated with Jim Vernon Tom Drexel for a many many users would download from they provide the 41 -- opportunity."

" So here's the issue as a way to do it. We're I don't I'm not a member of the socialist party you are so you might be able to comment on this. Batter who waited and thought it was a Republican Party you are but for some reason you file your papers with the Democrats that's very confused. And I assume it's probably because of social issues like this the wannabe is liberal on. That you want to be a member of the Democratic Party fraudulent I don't -- I don't -- and never allow us as a liberal or conservative position I think this is more business orientation either you you build a good work for us. By having. Good -- you don't build good retirement by having unpredictability. In terms of what your retirement vehicle is going to be doing performance while it's true so if -- get -- if you pay into a pension your whole life and then the company goes under -- nothing there that's not good for you and separate for the country we need stability in terms of our retirement so what the reason I was practicing with you know not being a socialist. I don't want us creating new programs to make this happen and I don't want us telling companies what to do but. On the other hand. People retire. Somewhere and you know aged sixty to seventy. And then they're living another twenty years what are we gonna do with people who were you can't do it on Social Security which most people don't think they're gonna ever gonna get a benefit from -- how do we handle retirement -- we just leave it. In the hands of of individuals who half of which might or maybe a quarter of whom plan properly for the retires or maybe. 10% I don't know what the numbers -- I think most people don't plan properly for their turn."

" Did you do -- is create the conditions are you can do is create the opportunity and then from that day of people want to be reckless -- responsible. -- How do we deal with the fact that he's going to want to pick up the tab for all these people. How do we deal with it what's that's ever everything nor are they likely that had possibly pick up the -- everything we once we lose the senior vote yeah. He thought GM -- him up on notre GM in order to by the midwest are going to be Latinos are going to go after the -- a footnote in the -- in the history books by the time this -- problem hits home this is going to be a problem more for all whatever it doesn't matter whoever the next social justice have got I mean we went from you know from a it's a socialist conservative George W. Bush. Now we let the real socialist cut and what do you think he's the next things going to be a you know Gorbachev I think his. Well -- or migrate up and give I think I've given him my plan you create the conditions in the conditions that result Kennedy it would mean it's not working most people don't. You plan appropriately counterterrorism and you don't want to for most of the so what happens when they're dying in the streets then the year you know already do -- send -- simulator has looked before he has been out he had the opportunity to set something aside those now what you said -- what's -- name up in Salem was dying you forced him into the pension systems that you state house. I don't know what's as -- box now I wasn't there when I was gonna. Austin -- you would have voted for but without a doubt because it was justice that. Justice say when it's war member of the club so think of imagine if you cared about the country's much as you care about the state house yeah you would say the same thing while justice would be the don't have a guy who worked. And just made a bad mistake auto -- inside after the -- just I don't I don't think that need I think that neither you -- anybody -- at the stations -- an adequate job in -- researching -- present into the audience with the dynamics of that situation -- but I will do that while we keep waiting for you to -- I will do that but I'm not -- to a you don't -- you don't -- you know I cannot recall that in the past. But I against foreign at a point 6172666. Seats -- should -- be a national retirement you plan of some kind wear out his Social Security. One that's who works is one that works but how would you make it work when the of the ratios the demographics are changing so rapidly in front of you make it a retirement plan instead of the Democrats have kidnapped it from its original concept of retirement plan and made it into another entitlement program. But there really needs to be something I think some mechanism. Where people can effectively plan for their retirements even the 401K it's a dizzying market to go into the four -- came market. Anyway let's get some input on it because everyone has to feel what I'm -- outlook to get -- 61726. -- 6860 maybe cleaner structures that I'll -- I'm just I'm surprised that somehow -- other -- looking for some type of guaranteed outcome and get enough to -- definitely in a world that has volatility in in an economy that is always other can be carried tactic to carry guaranteed results and -- that the government does. And if there are claiming they're going to provide that all that is is a planned to sink assassination. But are there could be of some better regulations so that for a one -- easier here's the high risk plan here's the medium rescuers a low risk. And you didn't have to do all this. Picking through thousands of option US treating your fellow citizens as if they moron take uneducated and Democrats are releasing key new kid you this -- fairly limited yourself to what their -- I understand that but let's that would the assumption that they can read and write. Oh -- just sent us all Ozzie I think that's involved. Let's -- test of people are high school diploma. Let's go to G amendment -- and hey Jim good morning here on the what's ought to Todd."

" I upon settlement pollen corporate -- kind of -- and hear what a lot of these companies doing. It -- it just goes to show how much how important it is for the government to keep our Social Security solvent. And I think that. You know a lot of people I'm not not and you thought but I think a lot of people up or from a conservative angle. You know -- every type of social program. And it sort of security probably being one of the most successful. Instead of tearing it down exit I mean it just have to be affixed. Fine -- so that single act because you know what I. I know you guys are gonna like this but you know the trouble is if you -- people wouldn't everytime an individual's savings accounts. Well you know every everybody I know don't ever rainy day academies to be fixed. -- need to repeat -- dipping into with the exit and then they get to be 65 or seventy they don't have enough."

" Well -- would make an untouchable to a certain age Jim I I like security I assume one of the things you'd fix about Social Security as you'd change the retirement date."

" Well let me tell you today it would somebody who now you know I get into the effect these. Everybody looks orchard retiring. The downside is that yet people are living longer. Soul if somebody's gonna -- into the -- Maybe you can't be graceful a couple of years. Because you know it's. Where when made when they found this program if you got it all back in the spirit and maybe the average age of death for men and women. Was around sixty -- now maybe it's about eighty. Let's make some big there."

" I NA -- the reason I don't like these social programs mostly -- because of things like that they're not designed properly to confine them. And they create an incentive for politicians to going to this."

" But but but did but you would Jamaican huge mistake but I don't don't be critical of the design that developed in the nineteen duties they looked at the mortality rates and they built on that. The good news in this challenge we have today is this. Our lifestyles. And now life spans have increased. Have improved dramatically. That is a great outcome instead of people drop and that it sixty that's at eighty."

" I it's not a good out good it's not a good outcome of this not an automatic adjustment based on mortality rate it's okay so then that's what you'd build in to the next evolution who could be anticipated that -- span might have been in might have been anybody at one. You would imagine that they which shift would you not. You bring in demographers or whatever you call those people menu that we is that -- yes hearings and a legislative -- anticipated the justice in medicine and sort of into what it does it now. Our penicillin while it doesn't matter what you anticipate what you would know is that it's not gonna say the same -- I might go down in which case lowering the it would be appropriate. It might go up mortality they the age of death."

" But it's so so the best way to would two to approach these things is to know. Always note that this going to be some trial and error in the going to be adjustments -- you put a mechanism whenever whenever anybody comes and -- as well we got the perfect bill here on criminal justice and sentencing. You look at them like daily that didn't give Marat if they have Morris to talk like that it's always going to be does the law of unintended consequences which you and I talked about constantly. --"

" Is that he's. -- that's one of the reasons why I resist any of these proposals but if you were having the debate on Social Security any program like it Joe -- said look if we're basing this on an age of entry. Knowing when they designed Social Security they're looking and saying you start getting it to 65 in the average person dies at age 63. That's a way of controlling your costs and you'd look having say wait we'd better make sure people start living longer we got to make sure that. That entry point age starts going up as well that's obvious sees no it's just like -- here from the -- you know come on thousands and deceit that could have anticipated the baby -- hope would've anticipated World War -- anybody -- and that's anybody -- anybody who was in the business of studying any of these things. Would tell -- the possibility of all that you are in the business issue and I offer commentary every -- tell me what's going to happen in the next five years and then you and I can talk about the demographic result it's an -- trying but I you're you're attacking a promise that I haven't put on the table which is you usual manner debate that is all I said is the only thing you would know."

" Absolutely. You wouldn't have to be an expert at all is that a hundred years of sock -- this will change exactly so you get so little changed as the circumstances you would story you'd be. Are you adapt on the fly you don't know of do not want to know that the socialists are gonna come out and they're gonna say you can't raise the."

" built and a perfect contradiction to your promise you -- that some are other run. Anything and everything that might happen that's insane now we're talking about -- age to move us."

" That dance that we were talking about the age of entry into Social Security now right if you get it in age 65 when you design a program in the 1930s. You know that in twenty years in four years and sixty years you're very likely to have a different age of death. When they started Social Security the age of death was expected to be before you got to Social Security -- to a sixty Hillary you know naturally if your FDR in your bringing in the finest medical minds and and people who study the future futurists they would say you well we expect over the next twenty years or next fifty years whatever -- life expectancies going to go up fifteen -- okay how do we plan for that we need a mechanism in here so it doesn't go bankrupt -- a -- so the age of -- goes up automatically. That's a simple thing you're trying to make it seem like it's astronomically differ no I don't make an only an Einstein could have anticipated -- are actually. I bet if we went back and looked at the hearing records we would find experts telling them. You'd better put in adjustments automatically. For the age of entry into social population growth and lifespan you have -- it was a just and they didn't know limit. When when they passed beyond the opinion."

" So that his doesn't mean that the premise the regional goal of providing some type of retirement security for ordinary Americans. Is -- is is not a laudable a note worthy goal that's -- wasn't what I saw and I said -- in and should cancel -- allow this is why can't allow these laws get passed without having those fixes in place -- 6172666860. Mike in -- good morning sorry about that. I know you know waiting on time."

" And we were great job keep up all -- and chuck I really appreciate it. -- You -- you're spot but I couldn't let that apple mentioned before what cave where he -- Like so magnanimous. Get employee not to stop -- ought not be true portrait -- Part of our medical -- law that requires just can't cover the upper Echelon. Your company. And like you know what you know why the federal law says that because the politicians like me. Okay I thought it was Mike -- who wrote that -- apparently. Yeah and why it might. Keep it should be. --"

" Ha ha funny that you got -- twenty years ago might pay attention. We're talking about retirement plan -- this company is shed their own -- you and your 401K Mike doesn't see the contradiction in the sentence -- federal -- it would have to -- federal -- comes from from those congressional candidates that he -- is all the time do you think we need some kind of national retirement program is excellent so -- hero -- to 666860. -- toxic CDW -- him. It is."

" He is dead in the morning reducing interest rates are doing a very good -- all might have given us the finger at six he's thrown no. No not that -- pockets inside it's our finger on. That's not a bad for the entire area you know they I think he may they be peaking today because -- goes from here he doesn't with authority give us the."

" Point does it with such authority very very it's a beautiful day actually see the city here from a brain today. Look at that clarity. Some day will be able to see arises we actually lucked out to a German little golf match yesterday -- which is out near Greenfield -- to -- at the other end of the world don't really beautiful look very beautiful. And not that it was sunny but the rain held off cut some missed. On a couple holes three of four holes five holes maybe in definite must not. Who cloudy -- by the way I just found I just got a new book in the mail yet about you it is read the title of co. -- ha ha -- ambition glory. The stunning parallels between greatly it is blah blah blah blah -- for -- and John previous the -- with a forward by mayor Rudy Giuliani power ambition -- the -- years. So we're talking about 401 -- in retirement yeah -- companies across America. Are dumping their contribution your 401K are you surprised though seriously at the number it's only 25%. Say they have eliminated at that solar planet you. I would have guessed -- I really in the aftermath of what -- go to these last 68 months start at a guest. You know more than 50% of the companies would have already taken this step it's a big."

" Thing to do if you want to maintain. Morale on a cohesive unit I drank -- and have some level caring -- with your poison who you will be hard decision to make to say. Are we going to strip this away so I I think you would have to be in a situation where you're really in finance just straight experts that you before you do do that because man work. What up with signal it sends to workers yeah."

" What what bothers me about it is that I think some companies take the step. And I am not suggesting they take it lightly but I think they take the step to try to appease. Wall Street. That the publicly trading come yes you are worried about investors shareholders have have some expectation. And and the like essentially though shareholder expectations however rough times. Framed up presented to company leaders. By some supposedly hotshot Wall Street analysts is probably all of 26 is all -- still. That you and I think he or she is a master of the universe so they say. Hey we expected to do AB NC and some CEO says -- of ghetto of really going to satisfy this analyst over their that. And at the and you know put them on the on Wall Street that's just insane that is just absolutely and while that's a good point -- we'll -- is available. Company which should have a long term focus not a quarterly -- if you think about the company's."

" Would be most likely to do this I think you nailed it that it wouldn't publicly traded ones which are desperate. Two. Show Wall Street all the time that they're cutting costs getting better margins are running more efficient machine which is short term thinking no long term capsule and a 617 I needed thanking him makes no sense whatsoever for relief -- intelligent people to 666860. Do you think there should be some kind of national retire programs some kind of shift in the way that we. Have structure are mechanisms for retired because I think the vast majority of Americans. Will be depending on Barack Obama moving forward when you have some kind of program for them. I think that Americans are gonna start to think during these years they're really that don't need -- about their retirements anymore because everyone is in the White House let's go to Mike can almost live on the Mike good morning RW RK atomic taught."

" Your -- government like I figured out socialism like a canoe. And and you can't get halfway into canoe you know right there. And at what what does that what does that mean why didn't mean everything can have a act capitalist model -- medicine that have a focal spot for retirement. So we adopted you know Obama care the people start dying earlier. And little -- that money."

" Plus op that's very is that there has announced they have gone along what Sarah Palin and now you also -- here it comes baby again."

" Nothing happened here can't have a capital air socialistic know it doesn't work I know -- the -- could have people take care very old surgery Spector I would like it -- the Bible. Take -- year old people. He really doesn't just sort of equally well it'll in the Bible. Yeah. Are we developing -- under social can all be well prepared well law but a couple of but that's simple but we have to go all the way to a carpenter felt you -- that halfway."

" I think there's a problem with your premise I don't think they care about whether works or not I don't think they want people to die and they don't care social programs become crushing blows to. Our our act economy is -- just their problem will be that they haven't expanded the program enough. Bill revamp going to make it bigger that's were doing now what the medical thing the whole premise of health care from their point of view. Not to sales pitch but the premises we have to find a way to pay for Social Security. -- Then in all good morning your NW RKO they'll be."

" And after him. Oh then good morning. Part of an auto -- coming morning good money it was a commercial for lol because your lol. -- out. We're trying to tell little but bad I actually drove by lol Leo and then 495 to speed up made me feel good no kept it at 75 if I like that and I had a plan that would basically gave OK I don't apply all critical us. I expect clock yeah. I didn't have been cut I agree with you are -- we've got to look at it if you remember period we think there it."

" Jordan era that Todd Todd doesn't know that those creatures exist all. You're in great numbers -- how good does it feel when they take your money and they use it to elect liberals are."

" That well my -- my motherboard actually about no working Unicode -- the -- opinions -- and we are way beyond. I'm what you get a whopping 450 -- and all of a -- A pipe at a detention. And the bottom line is we dabble right there but we're trying to reinvent the real. I topic -- in the end because people of the group made -- embedded in -- unraveled that group dependent people about it are going to be -- when he got. Yeah yeah it came down agreed if you have that the corporate people. You know gambling -- properly leisure golf the thirty we have a thirty year derivative. We're gonna take care you. And -- not to give the multi million dollar -- that the going to -- about -- all the little luck. Let's talk a -- assortment of what America that the people would probably America ran away from -- away from the government controlling everything to do there was a better way. But when that moment ago about the Bible another look at the bottom line is on all -- people came all reform the experiment we know about that they were very religious belief they have Europe got a bit support greedy. Once we religion -- dismal landscape I don't know about during the -- what's your point that. Well appointed I think what we were overreacting once again we'll make -- that's what -- one point that just spell -- control -- when did you work in and been particularly. When they that we don't need the union if you didn't have the union brought out the little one web day. And that the guy you know. We get -- need to -- to -- to -- appreciate -- that we don't need the union to keep up the union right now is that your fingers and made them go away will be better all right welcome back."

" Dramatically dramatically better you know I disagree. Get bent out of bed I know I'm gonna -- have an exceptionally important larger point here and it's this. All the systems we have been killed including the system about unions and collective bargaining. And designed as a reaction to -- response to human nature unchecked. Rule out all. --"

" And that party that we don't know what it that if we got rid of the union are we wouldn't do it happened so it is going to be even as they have not -- the reason for America at the bottom club but that -- already know what to think global."

" That was the reason for America. The reason the reason for America was have a land in which people would have the opportunity based on their own merit in their own hard work. To make the kind of life they want to govern themselves Seattle's governor god this is now that's right that does it does he get to -- himself when he's forced to join a union I've known entity he may have no interest in associating -- they take his money they use it sort candies he has a -- that is the -- There are some -- as they are."

" And -- him to go right to his union leadership and say I want that out of my union dues that goes to the political action. I want to return and so he does have some individual control if he wants just -- make an athlete 'cause of the tension we try to put checks as -- on everything and that's -- human they."

" And that's my point about unions I'm not against the premise of union some against unions having the power that they have and I'm against. -- To a child liberal are something that was passed as a result of union action there was a need for countervailing force at that point."

" I'm looking for that the perfect gyroscope that you said should be built into -- legislation that could have anticipated that -- the child labor and all the other abuses that are in the system would be. Immediately rectified. And on center here if you remember the you know the perfect adjustment mechanism you said as FDR failed to --"

" Should have been out while legislation should have this perfect I -- I made no such grand statements -- extrapolating a simple comment hey meg that's what I said -- see if you're going to pass a social program which you should avoid at all costs. Because you know they're only going to expand exponentially become. Crushing time bombs. That what you have to do is figure out where the problems are going to be and try to mitigate them when you create the program so when you pass any contact feel safe breaks you want you want now I want like. Rational -- I want to know that Democrats are very dangerous people social programs are very dangerous things and if you're gonna have one. -- got to do with cautions are going to pass something like an income tax into a constitutional amendment the only way anyone should agree that is if you park right in there maximum. 2%. Then it. Then you can sign up finally up okay we got."

" More informative in the morning papers and far less likely to be going out of business Amazon true. It's. Federal government can solve viruses Boston's talks vision and AM 680. WR Kerio."

" Six on 72666. -- succeed Tom and Todd talking about your retirement should something be done. Two. Provide a mechanism appear to have more stability in your expectations of retirement with -- employers all the talk on their contributions before -- K with pensions going away."

" No what drops a conversation is boston.com reporting that their employers and also changes the 401K plans I'm surprised it's. This fewer number at 25%. United States employers have eliminated all planned to -- The matching contribution they have been they have been making to employee for a one K retirement plans. But as of recent development Todd that adds a little spice to this yeah -- and it's that's. Now keep in mind those Indiana pension funds a couple of weeks ago that sue sued on the Chrysler bailout yes those were red teacher pensions and state police as I recall. And they sued they were secured. Creditors they had taken consciously taken. A lower interest rate. In return for what was going to be kind of first in line status of something should happen with Chrysler. They got tossed literally out into the -- well you know the -- pursue this kind of take over a bailout. Of Chrysler GM once upon a time not that long ago was considered a blue chip stock absolutely rock solid investment. And so the notion that somehow or other week as individuals -- the government on our behalf for someone else some some other organization can find these fail safe. He investments so that Tony and -- from now the wealth we thought we were building is going to be there. There's no guarantee in life you -- U I but there could be a better system don't you think well I'm not sure what the system Michigan I have this volatility in the real world markets go up markets go down. Oil which has always been a good steady and taking my SATA bus assembly."

" efficiency you don't have to become an expert on for a one K is in which companies are referring wide and you know maybe get them to pull resources increase as they say -- thing I mean is that it do you get frustrated because you might have -- it's complicated reading a prospectus you're a smart guy in -- was very complicated and even very bright people I hear stories about the making big mistakes on you know somebody's gotten older and they haven't adjusted their 41 LA so it's not. As precarious in -- is as of risk aggressive as it should be for their age. It's it's some. It's a complicated thing now and I think we can look at it and say may be half the population would do this while there were educated and in it or maybe a third of them would be responsible and while I'm. Totally on board with -- every man taken care of his own business. I'm also looking at the fact that we're slipping further and socialism and the reality is in this country people -- starting to become a nation -- that expects to be taking care of that -- more than a bit of entitlement mentality has not -- control mechanism -- making it easier for people to do what they should do in order that we don't -- that's -- Stephen -- American tell he -- in the same -- with me right --"

" Why do you why really -- PD I think we. Need to. Look like Mike Lowell went well."

" Come on you know Popeye does not grant he has try to get him out that -- that -- hot hot hot. Steve integrated. Undoubtedly did Steve's going to be done doesn't buy a week when -- go ahead Steve."

" You know what I won't give back everything. That took from the -- security out it stop it. I won't collect any if -- you know -- you know like 7%. And the next twenty get there which are higher. -- healthy when the money that's been made then on your behalf. Hate it hate it don't make out. You might. Get buried yet. -- I bet that probably nobody want to eat all we."

" Responsible. And he's and that's why am intrigued by this conversation I say -- has decided he's usually guy hey everybody should stand on the run to -- but he thinks. That somehow -- other because of this dip ball slipped into socialism we're really gonna need to you know that -- I'm. -- stay right look to all this week."

" I'm looking to make it easier for people will be responsible for themselves because it's a complicated world the world of investment and we don't want everyone have to become an expert in investment. In order to effectively plan for their retirements so I'm suggesting maybe we need some kind of vehicle out there. Where if you want to ease your retirement plan here's your options. Low risk medium risk Tyrus put your money year. And you'll get a an average -- return on your -- on."

" But low risk would have been considered mob months ago. The secured creditor status of Chrysler and that's how it goes I'm not saying that you wouldn't have so that shows that this kind of fail safe mechanism I would never met until say if you keep trying to jam that down my -- I'm not suggesting it I'm suggesting -- C a making it -- appears to -- Okay so -- the easiest simplified model says. Low risk moderate risk tyrant that's well below risk just to imploded right in front I just spent long try at any time you're gonna guarantee and it's."

" I'm real committed ten year cycle twenty year cycle whatever it is in stark -- see growth. So we we went down we come back up we're about us the crushing blow that we took January February into the beginning of march we recovered from these so it's it's not all of that is trying to make another fearless leader -- bill in Revere good morning. I."

" I am the politicians are trying to most turnaround is defending -- for liberals. First of all like he always does it doesn't eat out every day you completely tore shall wait a rocket destroyed about Muslims shouldn't I can Jerusalem's. -- bought the head as he would say no question about it that cavity so -- for the discussion because he's right. See I like."

" Until now say that I'm -- a small amount of of a contempt."

" And be -- insurance company logos -- remarks to make a process. They've been able to adjust they charge more premium to get some money when it dropped -- not -- a total mistake her. Indicates that all we could've -- we have home for thirty years of Social Security so that was in trouble. And the politicians such as mr. Federer and has always about not think about that Bubba straight talk did you sovereign rights. Could you explain to double the he's -- Powell would see here's the original legislation ready by president Roosevelt. Has strategy frustrated and destroyed. By the local -- want to get -- or Wal-Mart also Social Security trust strong and I appreciate that explanation."

" I don't know what you need explain they just changed and what he meant."

" After it. They had to a ticket to a fake or did somebody -- take -- trouble proper so."

" And they have expanded it so that it creates more family members and people who work in different situations it was originally supposed to retirement plan. And it's our social her right so when somebody drew and unity it's it's I wish you hadn't dumped bill because you said it many more highly accurate thankfully that's okay go to our news so for example once somebody who's 45 years old drops dead dividend payment to some senator but they drop dead and it does happen to bill and Revere on top of the people his neighbors and perhaps. Pages she should his children not get some type associate -- there's deteriorate if they tell you should be punished for having died before -- paid in as much as hindsight have I -- that's young that are -- should work absolutely yeah. More hello president's got business reports his --"