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+--- Thread: Wouldn't retired people be screwed if we invested their social security into the stock market? (/thread-8770.html)
Wouldn't retired people be screwed if we invested their social security into the stock market? - gitrdoneobama - 10-13-2012 04:53 PM
Good thing people were smart enough to see through the right wing lies and thievery.
- TJTB - 10-13-2012 05:01 PM
Can you IMAGINE the welfare mess we'd be experiencing now? The elderly having to fend for themselves in this financial crisis....
I don't know what happened to the party of fiscal responsibility.
This is who the republican party gave up to nominate McCain/Palin:
http://www.youtube.com/watch?v=0k92fTDReHg&eurl=http://www.campaignforliberty.com/
.
- cleavetoo - 10-13-2012 05:01 PM
Well, they would have been screwed...of course they might have been lucky too....that is they might have gotten their own stimulus package had they lost their savings and many of them might have made out like bandits.
- Lucky - 10-13-2012 05:01 PM
They are screwed if they think social security will let them retire. Another failed socialist dream.
- Brian - 10-13-2012 05:01 PM
Yes but those of us that are younger would have more than ample opportunity to take advantage of the growth in stocks. Nobody wanted those already retired or near retirement to have their retirement funds placed in the market..
- teeewalk - 10-13-2012 05:01 PM
Yes - they would be near bankrupt now.
- Lazy-assedMercenary509 - 10-13-2012 05:01 PM
Creating social security was a big mistake, and running the system like it was, and congress voting to spend the s.s. surplus, very corrupt, the system should have never been created.
Ending the system would be good.
(or at least finding sources of revenue other than income tax to fund it)
but the Republican's alternative; privatizing it, would be much worse. It would result in people losing half their retirement funds.
Look at how badly the stock market crashed!
The government shouldn't tell its people how to invest their money. Social security needs to end because it is forcing people to pay into a system they will never receive from.
- Drewdown - 10-13-2012 05:01 PM
as opposed to the left wing taking all of our money & giving it to special interest groups on this bailout, right!?!
The money people lose in their 401K (i presume that's what you're talking about) isn't gained by some corporate machine anyways...
- musicman812 - 10-13-2012 05:01 PM
Had it not been for the thievery of key democrats, this wouldn't even be an issue.
http://www.youtube.com/watch?v=LPSDnGMzIdo
http://www.youtube.com/watch?v=y4A0RuXhnQA
That being said, it's probably a bad idea to privatize.
Especially with people like Bernie Madoff offering their services. Oh looky there, another Democrat.
- Mr Krinkle - 10-13-2012 05:01 PM
Hell, I'm already never going to get any return from my investment in social security anyway because the dems raided the fund for all their socialist programs.