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J98 · 10-13-2012, 01:22 AM

We'd be fkd worse than we are now....

AlchikZ · 10-13-2012, 01:22 AM

Probably the same as what happened to the 700b bailout. I think that was your social security! Gone for good!

Gene H · 10-13-2012, 01:22 AM

Well, that idea came from the people who brought you the second great depression, so I don't think it would have helped. In fact, Social Security might have been wiped out with the rest of the stock market.

quietthread457 · 10-13-2012, 01:22 AM

they would have taken a hit for a few months, but in a few years when the dow is back in the 12k-13.5k range they would have bounced back like any 401K that averages 9-12% interest over the life of the portfolio

We KNOW FOR A FACT when SS will be bankrupt on the govt program

Burnt Bagel · 10-13-2012, 01:22 AM

It would had been a disaster for those retiring and cashing in. This crash has proved that Bush's scheme to shovel money into the stock market was a bone headed retard move.

Ancient Warrior DogueDe Bordeaux sure doesn't bother with those who would get screwed, he exemplifies what's wrong with brain dead stupid conservatives, even if what he says is true long term about the stock market (which is debatable).

~*~*~*~ · 10-13-2012, 01:22 AM

Probably the same thing that happened to people's 401Ks. They are often based on stocks, and yes people are hurting over it.

mark32541 · 10-13-2012, 01:22 AM

No one ever tried to privatize social security.

But if your talking about bush's plan, to allow people to voluntarily invest part of thier social security into selected investments.

Then it would depend on what investments they choose.

Not every stock was declined.

And even if people had choose to invest part of thier social security,

And that part invested had declined.

What business would it be of your ?

Shouldn't people have the " Right to Choose : ?

Ralph T · 10-13-2012, 01:22 AM

The same thing as any other investment,but you'd still have some money.
Both parties have tapped the social security trust fund to help pay for all the programs set up by congress.
There is actually no money in the fund at all,that is why the program was made mandatory for those born after 1983.
The democrats opposed the Bush plan to allow people to divert part of their S.S. tax into the stock market.
If a person was allowed to do so and they put the money in government bonds,they would be doing exactly what the government does with the S.S. taxes.
The only difference is that when you died,your survivors would have been able to inherit those diverted funds as opposed to losing all S.S. benefits from your account once the account was depleted.
This financial crisis started as far back as the Carter administration,it just caught up with us.

Jon · 10-13-2012, 01:22 AM

Well first of all, we would have to assume there is money to invest. The fact is, there is no money to invest, it's already been spent. We are working nearly hand to mouth now.
They should just let me (us) quit paying in and save the money ourselves..