Republicans: Do you still think privatizing / investing Social Security in the stock market a good idea?

[Susan Goodknight]

Yes I do. It's a much better thing that what the Dems are proposing to do...

Thos Dems want to take our 401k plans an basically abolish them and force us to then pay into a MANDATORY Government Retirement account where the 401k will be invested with SS....

So, we would NO longer be in control of our retirement account the Government will...

I for one do not want my government having that much control over my life. Sorry but this is just not a good thing!




Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.

The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated.