Remember in 2004 George W. and Republicans were pushing to change the Social Security entitlements and have?

[pete63daddy]

people invest in the stock market.This would have been great don't you think? He didn't get this one wrong did he, he hasn't been wrong on anything else, or has he?

[MadSamurai806]

No

You're wrong.

Please don't vote.

[justice]

We make promises that we cannot keep. Social Security is going broke. The markets are not a sure bet. The message should be save, save, save.

[Son of Liberty]

No he wasn't wrong on the Social Security changes. As it stands now workers are paying into a system that will never return a dime to them. Or if it does, a dime will be about it. It's a Ponsie scheme. Todays workers pay todays retirees. But there won't be enough workers in the future to pay for tomorrows retirees. Bush's plan would give todays workers, if they CHOSE to do so, have a small portion of their Social Security taxes go into defined plans that they would actually own.

Now they own NOTHING. Their Social Security account does not belong to them and they can not bequeath it to their families. But that's OK actually. I've never accused the Democrats to really be looking out for the little guy. This is just one more piece of evidence to prove me correct.

Nobama, no way, no how. obama = change we do not need, or want.

Friends don't let friends vote Democrat

[Poohcat1]

As I recall, the advice would not have been to invest in the stock market, but to make personal investments with the money now paid to social security. In otherwords, what he was saying is that the government can not afford (without raises social security taxes a lot), to pay people what they by law have coming in the future. The SS system is going broke and WILL REQUIRE a tremendous increase either in taxes or some major changes as to who will be eligible for it and at what age. Investments into sound financial packages would be better...even if the market sometimes goes crazy like it is doing now. It won't be long before younger people (45 yrs or so old) will not have a prayer of collecting SS, so you had best make your own plans. IRA's that are protected by FDIC, savings accts, investment in steady and salable assets etc are indeed the best way to go. If you want to mess with investments in the open market, then bonds are always safer even though they pay a lower percentage. Don't blame Bush or the repubs. The social security program was written with to many loopholes in the first place and needs change drastically. I do disagree with the idea that ss should be privatized. Although private businesses usually do a better job of managing risk than does the government, the oversight needed to protect us would be very expensive, so odds are we would gain nothing.

[john_d_ayer]

Tripe.

You don't research anything do you.

To make this easy for you to understand Bush wanted to treat SSI like a "super 401K" so you could determine where your SSI account was invested.

Of course morons think the only thing you can invest in is the stock market, they never heard of things like Bonds, CD's, Mortgage Backed Securities, Commodities. etc.

Just think, if you had invested your SSI in the Stock Market and then moved your money into Bonds back in June the way I did with my portfolio you would have about double the money in your SSI account.

As it is, the 2 trillion in SSI was "invested" in a check written by Congress and then added to the National Debt so you are actually PAYING more interest on your SSI account than it is earning.

By why would you care about little things like FACTs when you can live in liberal propaganda fantasy.

[John de Witt]

No, he didn't get it wrong. Over the long haul, a portion of Social Security going into the market would generate more wealth, though there are of course going to be recessions from time to time.