this is why we don't privatize SS

[dannybin1742]

this is a perfect reason why i don't think we should privatize it. who controls the fund? what if the fund goes broke through bad choices by individuals, wouldn't a "lock box" be much safer?


workers comp hedge fund goes broke in 3 months

 

[Genx87]

This is a hedge fund or a high risk fund. This has very little in common with what Bush is proposing.

Find me an article about the current federal thrift program and one of their fund taking a shat!

 

[1EZduzit]

Professional money manager: Someone who manages your money for you until it's all gone.

 

[zendari]

Social Security has failed. It's disgusting how much more money a young individual has to put in than they get out of it. :thumbsdown:

 

[ValuedCustomer]

Originally posted by: Genx87
This is a hedge fund or a high risk fund.

You don't mean "hedge fund" and "high risk fund" are synonymous do you? cuz they're not. Much to the contrary as a matter of fact. The whole impetus behind hedge funds is to limit the amount of risk taken by the investor by simultaneously investing in competing stocks/bonds/what-have-you. - It looks as though things went south in this particular instance as a result of improper (awful!) oversight. In other words the right-hand didn't even know there was a left-hand much less what it was doing. The situation is extremely avoidable and in no way should be looked at as "evidence" of partial privatization of SS being a bad idea.

Honestly, for the life of me I just can't understand how the opponents of the plan actually think their $$ is better off in the incompetent hands of the Gov than their own. Since when has the Gov done anything but royally screw-up when managing money.. the current Social Security System serves as a shining example of the Gov's ineptitude at handling $$. /irony

 

[BBond]

Originally posted by: Genx87
This is a hedge fund or a high risk fund. This has very little in common with what Bush is proposing.

Find me an article about the current federal thrift program and one of their fund taking a shat!

I thought the Bushies are all in agreement that no one knows what Bush's proposal on SS is.

 

[dannybin1742]

you republicans seem to have a short memory, which is obvious from brainless comments like this:

Honestly, for the life of me I just can't understand how the opponents of the plan actually think their $$ is better off in the incompetent hands of the Gov than their own. Since when has the Gov done anything but royally screw-up when managing money.. the current Social Security System serves as a shining example of the Gov's ineptitude at handling $$

bush and the pubs gave an unnecessary tax cut to the upper .1%, then created a huge defecit that would look smaller than it really is if they weren't borrowing against social security, you @$$holes created this problem, stop trying to blame it on the governments' inefficiency that ss will have problems down the road, the government would be extremely efficient with SS, but now that the pubs have used it as a bank for the last 5 years, of course its gonna have some problems.

 

[Jhhnn]

Yep, SS has been a giant cashcow financing fatcat taxcuts since the Reagan era. Repubs answer to the milk running dry- shoot the cow.

 

[ValuedCustomer]

Originally posted by: dannybin1742
you republicans seem to have a short memory, which is obvious from brainless comments like this:

Honestly, for the life of me I just can't understand how the opponents of the plan actually think their $$ is better off in the incompetent hands of the Gov than their own. Since when has the Gov done anything but royally screw-up when managing money.. the current Social Security System serves as a shining example of the Gov's ineptitude at handling $$

bush and the pubs gave an unnecessary tax cut to the upper .1%, then created a huge defecit that would look smaller than it really is if they weren't borrowing against social security, you @$$holes created this problem, stop trying to blame it on the governments' inefficiency that ss will have problems down the road, the government would be extremely efficient with SS, but now that the pubs have used it as a bank for the last 5 years, of course its gonna have some problems.

"brainless comments"? That coming from any halfwit stating something as asinine as, "government would be extremely efficient" doesn't seem to hold a lot of weight. -- If you think that things were different 40 years ago (oops, bad example, there was redneck Dem in office doin' the same thing!) then you're every bit as stoopud as you seem.

 

[MadRat]

Privatized SS is a boon for big banks that are looking for yet another free handout after a string of their scandals has finally cooled off. Lets not forget Worldcom and Enron were all about the big banks and not so much about a corruption of all american CEO's like the public seems to feel. The big banks were a bad investment in America and need to be dismantled. Better yet, the feds need to actually fund the agency that regulates the consumer banking and credit rules.