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Ignoramus18712 Ignoramus18712 is offline
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Default The bright side of the stockmarket collapse

On 2008-10-11, GeoLane at PTD dot NET GeoLane wrote:
On Thu, 09 Oct 2008 14:41:18 -0500, Ignoramus19789
wrote:

At least your Social Security money was not used to "play with
stocks", as Bush and McCain wanted.

In 2006, McCain voted for the Social Security Reserve Fund. The
proposal would shift Social Security's annual surpluses into a
reserve account that would be converted into risky private
accounts. [SCR 83, Vote #68, 3/16/06; SCR 83, Vote #68, 3/16/06]


Iggy. I think that was an option that individuals could select.
People weren't going to be forced into taking market risk. The risk
with social security as it is today for those of us with good incomes
is that we aren't going to collect. In retirement we're going to
continue to subsidize other people. No matter what we do, the
politicians keep bleeding us. Term limits is one of the ways to keep
politicians from becoming entrenched and making government their
career.

We've never had a choice for president of "None of the Above" That's
who I'd vote for this year if I had the choice. I can't say I've
heard any really good ideas from any of the candidates this time
around.


They would not be forced, yes, so they would voluntarily lose their
money and then, guess what, another bailout of imprudent old retired
people by prudent people.

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