Privatizing a portion of Social Security: Why are liberals happy with a Negative Return on their "investment"?
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10-13-2012, 12:09 AM
Post: #2
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The money you pay into Social Security doesn't go into a drawer with your name on it. It goes to pay people who are already on Social Security, people who are receiving benefits now. If you remove a portion of it to invest in the name of future SS recipients, you have to make up that shortfall somehow. So how do you do it?
GW Bush, when talking about his idea of privatizing 1/6 of SS, never explained that. And I don't think anyone ever even asked him about it. I really would like to have heard what he would have said. My guess is that he would have pretended not to understand the question. (Actually he wouldn't have had to pretend.) Or he would have simply deflected the question and changed the subject. Bush's plan was half-baked. He wanted it to be his signature achievement, but HIS OWN PARTY killed the plan because they knew how popular SS was, and that it would have cost them votes on both sides. Ads |
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Messages In This Thread |
Privatizing a portion of Social Security: Why are liberals happy with a Negative Return on their "investment"? - The MobFather - 10-13-2012, 12:01 AM
[] - Mr. Smartypants - 10-13-2012 12:09 AM
[] - who is #1? - 10-13-2012, 12:09 AM
[] - "The Sheep" - 10-13-2012, 12:09 AM
[] - IrateMenace991 - 10-13-2012, 12:09 AM
[] - Gentlemenairport502 - 10-13-2012, 12:09 AM
[] - Jeff Spicoli - 10-13-2012, 12:09 AM
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