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To: Choose Ye This Day
Saving SS cannot be done by privatization, that will only enrich the stock brokering firms. The SS funds collected need to be managed by professionals just as all RETIRMENT FUNDS are managed. Now, if the government is going to collect the funds, and use it on other programs, the government will be breaking the laws! Private companies pension funds are always protected from the dirty hands of top company managers! That should be applied to our government as well. If we don't collect enough money to give the promised benefits, then it is soooo simple; collect more money or give less benefits. Einstein couldn't come up with a simpler solution.
5 posted on 04/21/2005 7:11:56 PM PDT by conservlib
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To: conservlib

Privatization is an important step in SS reform. It will not fix the entire problem, but it will give us a much better rate of return than we now have.

They can use dirt-cheap index funds, just like the TSP program uses.

I completely agree with you about the government not being able to use SS receipts on other current obligations. Hands off.


6 posted on 04/21/2005 7:20:57 PM PDT by Choose Ye This Day (Senate switchboard: 202-225-3121. Reach out and complain to someone.)
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