On 12/5/16 12:17 PM, Stormin' Norman wrote:
On Mon, 05 Dec 2016 10:47:46 -0600, Vic Smith

For example, if the SS trust fund were configured as a blind trust,
one divided into many diverse pieces and administered by contracted
private management firms, the odds are it would not only be flush with
money for the foreseeable future, but it would also produce an
enormous shot in the arm for private industry and hence employment.

The problem with that is there is no such thing as a blind trust in this
arena. You have at the very least normal checks and balances to make
sure the investments are legal. And the Congress would use it as a slush
fund in many cases. About the only way to do it would be to cut it up
into a bunch of index funds. Even then the new money would cause all
sorts of havoc.




It is a win-win situation, proper investments produce tremendous
returns, and in turn those investments encourage employment and
economic growth. All while helping our neighbors who need it the
most, regardless of whether they made great life choices or not.

The problem would be the definition of "proper".