(Denny Crane: "Sometimes you can only look for answers from God and failing that... and Fox News".)
...Where are the feds are going to get all this money?
Guess.....out of your pocket.
ping
The real reason that liberals do not want private investment accounts is that this will reduce the money coming in to the giant slush fund. Then they'd actually have to look closely at all federal programs to cut costs.
Take a look at the options:
1. Let me manage a private account where I am responsible for the content and performance.
2. Let the federal government manage the SS account where they have proven that they cannot manage money and have spent most of the money from the SSI tax to pay for other programs.
Gee, it's a really tough decision.
Well, somebody sure isn't showing much respect for my lifestyle choices. Hmmmph!
Ultimately, the media conclusion is that the average American is too stupid, too fearful, too dependent and too lazy to handle their own finances. They think we're morons.
Ultimately, I rather agree with the media conclusion. The difference is, I'd like to see people handle their own money anyway and then let the chips fall where they may.
Actions --> Consequences --> Deal with it.