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+--- Thread: How was the Bush administration stopped from putting social security funds into stock market? (/thread-6987.html)
How was the Bush administration stopped from putting social security funds into stock market? - Fred.Dspnr - 10-12-2012 08:41 AM
What was the final blow to that effort?
- speakeasy - 10-12-2012 08:49 AM
Congress voted it down. Bush did not get the needed support to pass it.
They have yet to learn from the very successful use of that strategy...
- Blue - 10-12-2012 08:49 AM
He was so busy that he forgot. Boy I bet the people on wall street are disappointed. But then again he made it up to them with the bail out money.
- nOt a sErioUs pOeT - 10-12-2012 08:49 AM
The Bush Administration never had plans to put your money anywhere, The plan you are talking about would have given individuals the option to take the 7% deduction you pay and invest it yourself instead of giving it to social security to invest
- Curt J - 10-12-2012 08:49 AM
Congress voted it down and the liberal media made sure the uneducated believed Bush was trying to bankrupt the citizens.
- chubbyveil611 - 10-12-2012 08:49 AM
I want out of Social Security, the system is going to collapse. It's a ponzi scheme. Wake up people.
- relievedtent397 - 10-12-2012 08:49 AM
The AArp and other groups to their credit organized to block it if that had happened things be much worse
- ArRo - 10-12-2012 08:49 AM
If Cheney (and Bush) had been able to get that passed, can you imagine the additional chaos we'd have today? Many on social security know very well how to invest in the market but they, along with those who know nothing about it, might have tried it and would have lost much of it by now. Good thing it failed!