To: MichiganConservative; PhiKapMom
Great points.
I'd like to point out that all the scare talk over stock market losses is pure propaganda. Under Republican proposals, one would have control of his social security funds, and the government would not force him to put it all in stocks. If someone just put it all in top quality three year corporate bonds, he would still retire with a six figure account instead of a shaky promise that he would get his children's money.
If I were in my twenties or thirties I would put most of it in stocks given the chance. Over thirty to forty years one would only lose his money if America fails.
To: SupplySider
"If I were in my twenties or thirties I would put most of it in stocks given the chance. Over thirty to forty years one would only lose his money if America fails." I agree. If we could have invested in the market we all would have had a much better return on our money.
This is only a small amount that will be invested, 2% is the sum I recall hearing. Much smaller than what I believe is currently allowed for Government workers who CAN invest part of their retirement funds in the same stock market that we cannot.
I never ever see a mention that Clinton not only signed a tax on Social Security but it was also retroactive.
44 posted on
10/05/2002 3:26:21 PM PDT by
IVote2
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