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re: OT: Happy MLK Day!
Posted on 1/21/14 at 11:11 am to PDXDawg
Posted on 1/21/14 at 11:11 am to PDXDawg
quote:
It was supposed to be an additional source of income that was totally supplemental to your own thoughtful retirement planning.
I agree with this, and it can be. We don't have to blow the whole thing out of the water. We all benefit from a safety net. That's what it should be. I never said nothing should change, quite the opposite. But I don't think it's hopeless and should just be axed. That's my opinion, bash away.
1
Posted on 1/21/14 at 11:20 am to PDXDawg
It just confounds me that every election cycle (especially post-2004 re-election of GWB), that folks on the left demonize any attempts to privatize *any* percentage of Social Security. "The Republicans are going to take away your Social Security! You're going to have to eat dog food!," ad nauseum. The Brownsville study and related research clearly show that virtually any given individual has a tendency to invest their money privately far better than an Imperial Federal Government agency. It's little more than Depression-era fearmongering, in my book.
Same thing will fire up again when the Fed decides to stop propping up the markets with printed money. 16K on the NYSE isn't really 16k when it's artificially inflated with stimulus funds.
Same thing will fire up again when the Fed decides to stop propping up the markets with printed money. 16K on the NYSE isn't really 16k when it's artificially inflated with stimulus funds.
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