Quote:
Originally posted by dd74
I'm for privatizing SS. I really do stand behind Bush on this one. I don't think this system has worked well since its inception. Besides, I'll never see any of the money that's been circuitously wrenched from my hands by someone else's ineptness to work a little harder.
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Don't know how so many people can be convinced of this in light of the fact that, even if we did nothing about SS, the fund would not have solvency issues until something like 2055.
Fact is, we're using "privatization" for two reasons. First, because this would allow Wall Street to get their grubby little hands on our SS money and gubmint is hated by everyone now anyway (sure, that's real patriotic).....plus it covers up the real reason why SS needs to be saved. I think you all know that Congress has been raping that fund for years. So, rather than pay it back, we're looking into a new pyramid scheme. When are we going to insist that Congress handle our money responsibly? it seems to me that's the real problem.
But then, our entire economic strategy right now is focused entirely on covering up the issues and pretending.