[jackmercer]

I posted the latter part of the first paragraph and the start of the second paragraph to show the context.

http://www.rushlimbaugh.com/home/daily/site_121208/content/01125113.guest.html

[freespirited]

Folks, do you know how many charlatan cheats there are in the financial asset management industry?

I think I have a pretty good idea. But it's irrelevant to privatizing social security. We wouldn't have the option of letting hedgies manage our money; we'd have a few index funds to choose from.

Like the federal govt Thrift Savings Plan.

It's a lot less risky than this Ponzi scheme called Social Security, which has robbed me blind all my working life.

[djsherin]

How about just getting rid of Social Security and letting people decide their own savings? Gee, there’s a novel idea.

[Liberal Bob]

Ponzi scheme

I'm sorry but that is what SS is.

[cynwoody]

I'd rather take my chances steering clear of the Madoffs of this world than be part of the guaranteed Ponzi scheme that is Social Security.

You are reading more into Rush's point than is there. He was simply pointing out that you should be your own asset manager, not hire one, since it's obvious that an asset manager good enough to hire would not be for hire. Duh!

[spectre]

""It's a crapshoot. This is why I didn't stay in it very long. I never did, instinctively, understand why I should give people who had less money than I have my money to manage."

Thank God Rush escaped this guy.

sw

[PGalt]

Socialist Security is the greatest fraud ever FORCED on “free people”. Just let me opt out. I will never ask for one dime.