Political Junky
Gold Member
- May 27, 2009
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I'm sure glad my money wasn't in the market in 2008.Social Security operates on a cost of about 1%. Care to guess how much Wall Street would take?There's nothing new about privatizing Social Security. Wall Street has been yearning for those $Billions/$Trillions?for a very long time.OMG, it's Reagan trickle down all over.
Or as GHW Bush called it, Voodoo Economics.
You want to know how to run Medicaid properly well its run by the states, so look no further than Ohio. John Kasich. Social security can be kept for the older generations, but we can also if need be privatize it for the younger generations.
Forget Reagan or voodoo economics we are dealing with a new breed here.
Or regular banks. Imagine being able to pick a huge back with trillions in reserves and be able to open a 10 year CD at let's say 3-5% interest and every year be able to do that. Can you imagine how much money people would have when they retire? Right now they get zero interest. I believe most people in the uSA would agree with a caution approach to investing retirement money with teh way the markets are so up and down.
A really cautious way to invest would be to invest in American companies. Had people done that in 2008 they would be filthy rich by now. This idea that walstreet has all the say and is responsible for what OTHER people do with their money is false. The American companies proved that to be factual.
Sorry to burst your bubble. Lol..
Your question is irrelevant. The American people can chose and should be able to have complete say where there money gets invested and they do except with money the Government takes for social security. They can invest in american companies and do very well. They can skip wallstreet all together and simply go through the banks, which is backed by the FDIC should a loss occur.
Let me ask you a question - Which is better? 1.) giving people their own money to invest since well it's their money OR 2.) Give it to the government which it has proven to steal and waste then take more through the IRS?
I wont talk with you again till you answer this question. FYI, it's a no brainier it's option #1.