Remember when Bush wanted to throw Social Security on the mercy of the stock market?
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10-13-2012, 01:08 PM
Post: #11
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Well, my question is, is the stock market at zero? I haven't lost any money in the alleged collapse, although I have not gained either. Have you looked at the performance of the market for the following ten years in the three periods in the last century when it was flat for ten years? Companies are not losing money. If not, eventually the market HAS to go up. I am betting my fortune on it.
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10-13-2012, 01:08 PM
Post: #12
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Considering that SS is now broke I don't see how it could be worse. In time the stock market will come back stronger than ever but if it stays in government hands it will just get worse and worse. As of this year SS spends more then it takes in (bankrupt), and it will remain that way until a major change is made. If there is something the private sector knows it's how to make money. If there is something the government knows it's how to SPEND money.
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10-13-2012, 01:08 PM
Post: #13
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The new Deal failed, Why does obama and the left think it will work better this time?
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10-13-2012, 01:08 PM
Post: #14
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If he wasn't busy getting us into war and creating a deficit he would have tried harder. What a disaster if he did.
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10-13-2012, 01:08 PM
Post: #15
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Social security and all 401K's will soon be merged. The Federal Government cannot survive without raiding 401k's, like Argentina. The latest consensus shows this "brave new world scheme" with pay 3% annually, no one will inherit the balance, no withdrawals, and no lump sum payments. Everyone will be forced into the plan, regardless of which party is in power. So now you will pay your neighbor's health insurance and fund the new big government social retirement plan. Did I forget to mention the retirement age will be raised and your benefits cut! Welcome to the new banana republic!
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