Republicans: Do you still think privatizing / investing Social Security in the stock market a good idea?

[Buckwheat!!]

Absolutely. Each person would have his or her own account rather than be part of a pool. The pool puts the entire system at risk. The private accounts can then be invested in CD's, bonds and/or stocks.

[Galaxie Girl]

Actually, I think getting rid of SS altogether would be the best. It's a Pyramid Scheme that we simply will not be able to afford once a significant number of baby boomers start collecting.

[Jonny B]

Yes, because if the funds are in an account with your name on it you will be guaranteed to get more of your own money back. Any CPA can tell you that, Because of people too stupid to invest while their young, we have to have programs like social security. I say we stop it all together and let people fend for themselves so I can keep an extra $100 a week to invest for myself!

[Susan Goodknight]

Yes I do. It's a much better thing that what the Dems are proposing to do...

Thos Dems want to take our 401k plans an basically abolish them and force us to then pay into a MANDATORY Government Retirement account where the 401k will be invested with SS....

So, we would NO longer be in control of our retirement account the Government will...

I for one do not want my government having that much control over my life. Sorry but this is just not a good thing!




Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.

The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated.