[thebaron512]

The AARP rag I just read found some moron who said the return on private accounts would not match the current system.

So government black hole of spending is better than money working in the economy?

[Trust but Verify]

The $$ has to be in your name or you can't count on it whether it's the governemnt or your employer-funded pension plan. that is the lesson I preach to my kids. Only if it's in your name can you count on it being there for your retirement. My husband and I bith have employer-funded pensions. We are only 5 years from having 30 years in. It will be tempting to retire and take the money while it's still there. Happily, we have the option of taking it in a lump sum.

[henkster]

Thanks to the Ponzi scheme we are tied to, we are today screwing ourselves and our children. Irrevocably.

It doesn't matter whether you save the money yourself outside Social Secuirty, and plan on financing your retirement with it. Where do you think the government is going to go when Socialistic Security starts to go bankrupt? They will confiscate private savings held in its various forms. This was an idea floated before early in the Clinton administration. It will not only wreck the economy, it will personally bankrupt each and every one of us.

And the greedy American public is too stupidly short-sighted to realize it.

[LauraJean]

AARP is just wrong on so many ideas.
I sure wish I could put some of my SS money into a private account. But the left doesn't want it because they would then lose control of that money.
As far as the stock market is concerned. My dad's aunt was a poor woman who was a cleaning woman. She didn't have a lot of money but took what she could to invest in the stock market.
When she died, this money was left to her nephew and nieces (she had no children)as their inheritance. If she just relied on SS, she would have had nothing to leave them, and the government would have been the only beneficiary of her estate.