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What would've happened to Social Security if Republicans privatized it like they wanted to under Bush?
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What would've happened to Social Security if Republicans privatized it like they wanted to under Bush?
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What would've happened to Social Security if Republicans privatized it like they wanted to under Bush?
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10-12-2012, 08:26 AM
Post: #1
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What would've happened to Social Security if Republicans privatized it like they wanted to under Bush?
By making it depend on the stock market. Was this a terrible and reckless Republican idea?
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10-12-2012, 08:35 AM
Post: #2
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It would have allowed you to at least get your hands on it. Now Obama is going to steal it from you and you'll never see it.
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10-12-2012, 08:35 AM
Post: #3
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I would rather it go "poof" due to the market tanking than paying out to people who have not contributed to the system. As things stand, there will nothing left for any of us who have been paying in for years thanks to overgenerous donations to those who are not entitled.
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10-12-2012, 08:35 AM
Post: #4
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it would all be gone. they wanted to privatize it so they could get their greedy hands on it.
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10-12-2012, 08:35 AM
Post: #5
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I guess you didn't understand what the Republicans wanted to do. They had no intention of privatizing Social Security. They merely wanted to give people the option of putting some of their money into private investments.
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10-12-2012, 08:35 AM
Post: #6
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The Wall Street boys would have found it easier to rob whatever you have left.
Now they are going to have to wait for the economy to collapse before owning your farm. |
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10-12-2012, 08:35 AM
Post: #7
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People would've lost a lot of ther money in the stock market--stocks, bonds, bank accounts, all are at the mercy of market forces. Including gold. The geniuses who bought gold last year will lose a mint.
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10-12-2012, 08:35 AM
Post: #8
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It was consistent with casino capitalism. Those of you who have 401(k)s should remember the 2008 collapse and perhaps Enron. And maybe some of you are getting a bit edgy about the increasing dependence on Microsoft in your retirement funds?
Plundering retirement funds has become a standard business technique. No one will e able to sue the brokers and fund managers for failing to follow due diligence if they just follow the S&P index, right? Yeah, privatizing Social Security would have been a heckuva risk, and it looks in the short term as if it would have been an unmitigated disaster that the taxpayers would have had to bail out. |
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10-12-2012, 08:35 AM
Post: #9
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If the stock market never went up and all of my investment failed, I would still get the same amount that I would under the current social security plan in about 40 years----- ZERO, since S.S. is going bankrupt. At least under privatized SS, I would have a say in it.
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10-12-2012, 08:35 AM
Post: #10
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Well, it wouldn't be dependent on the stock market.
People would of been given the FREEDOM to manage their OWN money how they see fit, bonds, cash, stock market etc. |
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