Jim let me ask you since you still think its a great idea. Let's give my social security money to whom: please pick of the following choices:
Lehman Bros. Merrill Lynch, Wachovia, Bear Stearns, Goldman Sachs, AIG, Bernie Madehof, Royal Bank of Scotland, Citi Group, or Smith Barney. Lets try and give those honest Wall Street guys another chance, I am sure they won't piss it away.
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My answer is that if the Democrats had participated, instead of demogauged the process, perhaps we could have developed a model to give realistic but returns. Why do you assume the money had to be invested in the stock market?
Since there will be no money for future generations as the "O" bakrupts the country, what is your solution.
"Bakrupts (sic) the country" - hmmm - you mean like doubling the national debt in eight years?
Bush's brilliant proposal did NOTHING To address the solvency issue. As Clinton said in his 1998 State of the Union speech, we need to SAVE SOCIAL SECURITY FIRST! This comment was in the context of the surpluses that he had delivered and that Bush later pissed away.
We need to raise the age gradually to 72 or so. You actually may see O propose this with the veil of a Responsibility Commission. We also need to invest the social security surplus in securities, most of which provide income. This corresponds to the mission of social security.
This way, Americans will still have their SS should they lose everything else.
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