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

[Marcello]

How can you NOT advocate having some or all of it privatized?

Of course, its the popular thing to be against the idea because the market is so down this past year, but when you consider:

1 - there has never been a 30 year period in the history of social security where the S&P has not far surpassed its returns. Yes, that is accurate…even if you invested the same money that went into your SS for the last 30 years instead into the S&P (even with the market as far down as it has been) you would have MUCH more money than you get with Social Security.

2 - as bad as the markets have been, Social Security has much bigger problems at the moment. Remember baby boomers that are starting to retire? Remember the fact that without drastically changing how the Government allocates its funds, there will be no funds for SS?


Don't get sucked into the idea that a paltry 2% return from Social Security is better for you just because the markets are currently down - that is only the claim of those unwilling to face facts.