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“Repeal And Replace” All of Congress? Here’s How…
This post “Repeal And Replace” ALL of Congress? Here’s How… appeared first on Daily Reckoning.
I’ve had enough of Congress and their antics…
Our politicians bicker more than grade-school children. (And as a father of seven, I’ve got first-hand experience with those squabbles.) Quite frankly, it makes me angry.
I hope this doesn’t ruffle too many feathers… but watching the Congressional meetings these past few months has been more irritating than a six-hour family drive full of back-seat arguments.
I’ve never seen such a waste of time and resources for the American people.
Sure, you want conviction in your leaders. You WANT officials to fight for what they believe in. BUT…
But they can’t, and won’t agree on ANYTHING.
I am all for what our constitution stands for.
Life, liberty, and the pursuit of happiness is what makes the United States the great country that it is… The great country that my grandfather and my brother fought to protect…
But Congress has ground the America that I love to a standstill.
They can’t get anything done!
Wasting taxpayer dollars is an understatement. I feel like these inept officials are slowly taking that “pursuit of happiness” away from me personally — and from future generations.
However, do you know who benefits from all of the bipartisan bickering?
Congress themselves!
Rather than being fired for their incompetence, (or going to jail for their scandals), they eat out of silver spoons.
Don’t believe me? Just look at the net worth of these Congressmen:
Darrell Issa – Representative from California’s 49th District: $436 million
Jared Polis – Representative from Colorado’s 2nd District: $387 million
Mark Warner – Senior U.S. Senator from Virginia: $242 million
Do you really think Congress cares about the little guy?
While they live their lavish lifestyles, the American people get scraps…
More spending, more bubbles, more bailouts, and more perks for our leaders, all paid for by the taxpayers of this country.
It’s asinine!
You simply can’t count on the government to act in your best interest.
That’s why I say it’s time to “Repeal and Replace” Congress in your own life, and take action for your own well-being.
Start with Social Security
Do you really want to count on the same government officials to manage your retirement?
Consider these facts:
According to research firm Nolo, the Social Security trust fund will run out of money in 2035. That’s less than 20 years from today.
And if Congress can’t agree on trivial issues, there is no way meaningful changes to our Social Security structure will ever get through.
There’s a good chance that your benefit checks will be much lower than what you’ve been promised. So relying on Social Security payments to fund your retirement is simply wishful thinking.
I’d even call it irresponsible for you to make financial plans expecting your benefit checks to come in like clockwork.
But you already know this. I’m just reiterating how important it is to have a backup plan.
How You Can Protect (and Grow) Your Retirement
It’s clear that you can’t count Social Security payments to fund your retirement. It’s a broken system that will not likely be fixed without severe pain to the markets and to taxpayers.
So what can you do to protect your standard of living during retirement?
I believe the best way to protect and grow your retirement wealth is to invest in a limited number of carefully-selected alternative opportunities.
These opportunities can lead to reliable income payments that are much larger than what you could expect from Social Security or even your corporate pension plan.
And these opportunities give you control of your financial future.
Piggybacking a Successful Pension Plan
One of my favorite alternatives to Social Security benefits is to piggyback the Canada Pension Plan (CPP).
I started following the Canada Pension Plan a couple of years ago because I was so impressed with the way this government program was run.
Instead of investing retirees’ capital in low-yielding government bonds (like our failing Social Security program in the U.S.), the CPP invests in free-market companies that are generating reliable profits (and paying out reliable dividends).
In other words, the CPP takes full advantage of the best investing opportunities the free market has to offer. And Canadian citizens have the safety and security of knowing that their pension plan is actually growing ahead of schedule, with a surplus of assets available to pay retirees.
Just take a look at these statistics from the Canada Pension Plan’s website.
- The CPP currently manages $298.1 billion in assets.
- That’s ahead of projections as you can see in the chart below:
- The CPP has generated $134.7 billion in profits over the last 10 years.
- Canadian citizens have benefitted from a 6.5% annualized rate of return.
That’s a much better way to invest, don’t you think? Frankly, the U.S. Social Security system doesn’t hold a candle to this free-market retirement system.
I’ve been showing my Lifetime Income Report readers how to piggyback the CPP, by investing in the same dividend-paying stocks that fund Canadians’ benefit checks.
Fortunately for us, the CPP actually publishes a list of all investments made by the fund. You can access that list on the CPP’s website here.
In today’s market environment, you can’t rely on the traditional retirement income sources. The Social Security trust fund is running out of money.
But by taking responsibility for your own retirement and taking advantage of some nontraditional investment opportunities (like piggybacking the CPP’s most profitable investments), you can secure a reliable and fulfilling retirement.
Here’s to growing and protecting your wealth!
Zach Scheidt
Editor, The Daily Edge
[email protected]
The post “Repeal And Replace” ALL of Congress? Here’s How… appeared first on Daily Reckoning.
Source: https://dailyreckoning.com/repeal-replace-congress-heres/
It is too late. The Dark web and Military Flag Officers are going to clean up this mess. Have a listen for yourself:
https://www.youtube.com/watch?v=8yYFpEY7-8g
The reason AHCA didn’t get a vote was because it DIDN’T “repeal” anything. Our representatives rightly rejected more of the same old “socialist” rot you seem to support.
Great article.
Would press LIKE button if there was one on this web page. Not coming up on my laptop.
Where do I sign to get rid of this rotten, lazy, incompetent Congress. Who are they working for, btw ?? Certainly not us.