Wall Street Needs Social Security (SS) Money Far More Than SS Needs To Be Privitized

A thought occured to me the other day. There's a strong reason why the markets have returned consistently higher gains in the last 25 years or so. It's called demographics. Starting in 70s, baby boomers became professional workers, and then in the 80s, they started investing in the markets as a means to save for their retirement. Literally, since the 1980s, the bond and stock markets have been mostly a bir retirement fund for the baby boomers, for no other instruments are even available that can return enough money for retirement, esp. as corporations have stopped offering pension plans.

This current system is all well and good until the demographics shift. When the boomers start retiring, they will take their money out of the markets. The largest generation, population-wise, will all start to pull their money out of stocks and bonds and live on cash to pay their retirement costs as well as their health care in retirement. This will create a huge drain on the market. It will make stocks and bonds prices plummet.

The markets need a huge infusion of cash from somwhere to make up for the baby boomers pulling out of it. Enter SS privitization. Now, we're told over and over again that SS is in trouble because there will be more retirees than workers paying into the system. This is the doomsday scenario that the think tanks have peddled through the media. What they haven't told you is that this anamoly in the system was addressed years ago by a hike in the payroll tax in the 1980s which created a SS surplus. This surplus was even bigger during the Clinton years. Recall the much ridiculed Gore lockbox This surplus was big enough to overcome the anamoly.

However, the SS surpluses were raided by Reagan and Bush tax cuts for the wealthy. These tax cuts were never enacted to help the wealthy. Rather, they were enacted to destroy SS. Thus, creating the need for privitization, which is nothing more than another Wall Street bailout scheme.

Correct me if I am wrong.

which the increased contributions would have covered. However, those worthless pieces of paper which George Bush, Jr. derided were the IOUs that his Poppy and Ronnie wrote while they spent every last dime of the increased contributions.

I wouldn't call it a bailout because Wall Street will never be finally and forever bailed out. They are running, however like a Ponzi scheme where they need increasing amounts of cash and purchases to make it look as there is actually money being made. The latest infusion of funny money from the Fed is an example of the Ponzi scheme being fed this week.

The first wave of boomers will start retiring in 2010, and retirment wave will continue for about 18 years. That means every year for 18 years, millions and millions of people will be pulling money out of the markets. It would be like everyone selling their homes all at the same time.

to play the dog and Ponzi show. To keep the pyramid scheme afloat for the fat cats at the top, they REALLY want people forced into the investments through payroll deductions.

GOP always paints DEMS as being reckless with other people's money when it is really the
Greedy Old Pigs who want to shake down every wage earner in the nation while making sure their own income is not touched for taxes the same way.

Fuck 'em. I will quite working, sit down, and starve before I work a day with these criminals forcing me to shore up Wall Street and unethical corporations with payroll deductions from my labors.

Wall Street has been drooling over getting the grubby hands
on SS Funds.

With the Market so volatile this week, would you not just
love to have SS funds invested?