Opinion: Saving Social Security with Stocks-- The Promises Don't Add Up (P

REACTIVATED IN CT

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Wed Feb-02-05 01:36 PM
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Opinion: Saving Social Security with Stocks-- The Promises Don't Add Up (P

http://www.tcf.org/Publications/RetirementSecurity/savingSS97.pdf
Opinion: Saving Social Security with Stocks-- The Promises Don't Add Up (PDF)
40 pages. Excerpt: "Interest has been growing in public policy circles in replacing, partially or completely, the existing Social Security system with a 'privatized' system of government-mandated savings. This interest was reflected in the disparate recommendations of the January 1997 report of the Advisory Council on Social Security. Under its proposals, the federal government would require workers to divert a portion of what they now pay as Social Security taxes into private savings accounts." (The Century Foundation)

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LiberalinNC

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Wed Feb-02-05 01:39 PM
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1. The only ones making $ are the brokers

If you lose all your money, too bad...but the brokers still get paid! (Sarcasm here)

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zbdent

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Wed Feb-02-05 01:50 PM
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2. Here's an exercise the people who think W's plan is so great can do

Tell them to go to the library. A main branch will be good, but any branch that has newspapers on Microfilm/Microfiche.

Tell them to get the financial pages from 30 years ago. Just pick any day. Have them make copies.

Now, have them compare those listings with the ones in today's paper.

Have them see how many stocks are still there . . .

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