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+--- Thread: If Bush had been able to privatize Social Security, wouldn't all the grandmothers be starving now? (/thread-50831.html)
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If Bush had been able to privatize Social Security, wouldn't all the grandmothers be starving now? - ★Ŕ♡MΛŔÆ★ - 12-13-2012 08:02 PM
If the accounts had been put into the stock market before the recession hit, all the grandmothers and grandfathers would be totally bankrupt.
- Barry Chameleon - 12-13-2012 08:10 PM
No, because his proposal was only to allow a small percentage of a person's contributions to be invested in the market. I thought liberals were hyping the rise in the market. hehehe
Make up your mind. hehehe
- . - 12-13-2012 08:10 PM
Despite of what they say, democrats have the same donors as republicans, get real, it is coming.
- Torgo - 12-13-2012 08:10 PM
Yes, I've heard economists say that idea would have made the recession much, much worse for people. But that didn't stop Newt Gingerich from promoting it when he was trying to become the Republican candidate for president. At least Romney hasn't brought it up again, at least not yet.
- 53 Percenter - 12-13-2012 08:10 PM
Why do you think "privatize" means putting it in the stock market. You could CHOOSE. Bonds, stocks, gold, cash, etc.
Wait til you see what happens when we monetize the debt. See what granny can buy with her check after that happens.
- Damon Lyon - 12-13-2012 08:10 PM
What Bush said is that by the year 2020, we will be short the funds necessary to pay all of the Social Security. If we don't do something drastic, we can run out.
The reason we have a shortage on the horizon is, in reality, advancements in nutrition and medicine. People are living to a much older age, and we're growing exponentially.
What we face instead of an answer is the Liberals lying that he said he was going to rid us of Social Security. They like that lie, and they keep saying it ~ BUT ~ what has Obama done about the situation?
Nothing.
Obama has not considered it once, and he's spent his time on other issues; mostly, his idiotic Obamacare plan that is supposed to induce enough "change" that he can say that he kept his promises while riding the ego wave.
- Jim - 12-13-2012 08:10 PM
only in your fantasy world
- Hugh Jassle - 12-13-2012 08:10 PM
Nope, because it would have only effected people that were under a certain age.
- Reason Enforcer - 12-13-2012 08:10 PM
No. Being allowed to have the option of putting some of your retirement money into the private sector actually would have helped stimulate businesses and would have strengthened the economy. Grandma would not have lost half a billion dollars on Solindra. No would she have invested in exploding solar panels. http://www.humanevents.com/2012/10/10/hudson-house-panel-investigates-government-loan-for-solar-panels-that-burst-into-flames/ She would have invested money better than Obama.
- WHISKEY - 12-13-2012 08:10 PM
Not true....but you believe it if you wish.