After 2001/2008/this past week in financial markets, how would privatized Social Security system ever work?

[Intellectualhall694]

I'm against privatizing SS, i think we should combine SS, medicare and medicaid into one payroll deduction, reduce waste, we can keep the retirement age low, bring in the new grads!

[loudtoe648]

Facepalm for jakeb and " FDIC insured ": FEDERAL Deposit Insurance Corporation, sounds like government subsidised op with taxpayer as insurer of last resort to me.

[shweebe]

Well the Democrats can't keep crashing the markets forever, and if they stay in power SS won't be alive anyway.

Obama pushed bad loans & helped push up energy prices working for Soros years before we knew of him.

Obama worked to force banks to do bad loans, actually trained Acorn members to protest at homes and private offices in a threatening way and got government collusion in liberal cities to do it, working for Soros.

He also worked with Soros in the Joyce foundation where he funded the Climate Exchange scam that's dependent on the Cap & Trade Legislation a Democrat congress rejected so he's doing a regulatory end run attempt. This is the legislation that will cost the average American family $3000 a year in energy taxation basically though they call it differently, and pay trillions to those involved in the scam. Soros is the organizing entity for this, and other Rothschild agents like Goldman Sachs, Rockefellers, Maurice Strong, JP Morgan, and others invested are the same bunch who actively pushed up oil speculation that lead to the crash of the economy that lead to the banking crash with the bad loans many of those pushed, and were pushed by government mostly in the D party like Carter's Community Reinvestment act and other things and Clinton pushing up Fannie and Freddy and putting serious Democrat operatives in charge like Daily of the Chicago Mob / Mayor Daily's, Gorelick of the Clinton Gorelick Wall, Reins a Clinton Operative embezzler who stole 90 million from Fannie and was never charged.

Bush didn't crash the economy ... it was banking and fuel as a detonator to the banking bomb, and it was almost all set up by Progressives, including Obama who most don't know has been working for Soros (a man who specialized in crashing economies and has done in 6 other countries as well) Been working for Soros for many years before we knew him.

[Who Else?]

Nothing prevents Americans from privately investing their money in retirement accounts, as long as they also pay into their Social Security accounts, which is done automatically for all but the self-employed. So right now today people could take a portion of their after-tax earnings and put it in an IRA account, or a simple brokerage account. We don't need a government program to do this, and we certainly don't need a government program to dismantle Social Security.

[Captain Crackbarry]

if the accounts had been commodity and diverse bonds, they'd be retiring now.