To: mc6809e
I think we're using the wrong language when discussing Social Security. We can start by calling "raiding" what it really is: the purchase of government bonds that earn interest. And what entity is paying the interest? The government. Where does the government get the money to pay the interest? Taxpayers.
I'd feel better if the "surplus" were invested in the private sector. Silly me.
39 posted on
03/18/2006 3:29:21 PM PST by
Cobra64
To: Cobra64
I'd feel better if the "surplus" were invested in the private sector. Silly me. I'm not all that excited about having SS invest in stocks either. Just imagine having Fat Ted or John "I was in Vietnam" Kerry on the board of directors of the companies SS invests in.
46 posted on
03/18/2006 3:37:40 PM PST by
KarlInOhio
(The tree of liberty is getting awfully parched.)
To: Cobra64
I'd feel better if the "surplus" were invested in the private sector. Silly me. The stock market goes up over time but individual stocks can go down and funds fail at a surprisingly high rates. Its possible to do better in the private sector, but the risks are much greater too. If your particular investments fail leaving you destitute, what should the rest of us do with you? No doubt you think you're too smart for that to ever happen.
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