If they manage to pour the SS fund into the market, and we have an

[BR_Parkway]

"ownership" of that money, lets all buy stock in the MSM - enough of us to have editorial control at least.

[fertilizeonarbusto]

1. Not a bad notion

Though I hope it doesn't come to that.

[RuleofLaw]

2. you wont really be in control of your own money

From what I have heard, the money used for the so called "private accounts" will be managed by the government and only invested in pre-selected funds.

[alfredo]

13. for a listing of the companies you will be able to invest in,

look at the list of corporate sponsors of Bush's coronation.

[abburdlen]

3. Won't work

You won't be able to use "your" money to buy individual stocks, just funds like most 401K programs today. The company running the fund holds the stock and gets the votes. The whitehouses plan is a lose-lose for the American people, win-win for Wall Street.

[July]

4. Like the idea, but I have the impression we won't have many choices.

Another bit of misleading by Bush and Pals. I think the "private" accounts of "your own money" will not be controlled by you/us, really. IIRC, the gubmint will offer a few choices of investment vehicles, and we won't be able to touch the money till retirement (i.e., no hardship withdrawals). Max of $1,000 a year.

[Ian David]

5. Can we invest in foreign currency funds?

Or perhaps funds that invest exclusively in overseas companies on foreign exchanges?

Anything that keeps our money out of American corporations.

[July]

9. Don't know, but I doubt it. I think our "choices" will be pre-determined

by the BFEE.

[keith the dem]

6. The * plan shows no understanding of market forces

Forcing all that money into the market will artificially raise the value of the market. (Much the same way the tech market was raised in the 90's by all that mutual fund money) When us baby boomers need that money for retirement- the bubble will burst- as all that money is needed. I don't think the BFEE is that stupid, this is just a way to steal that money and destroy that evil FDR program at the same time.

[July]

8. I think your conclusions (last sentence) are right on. nt

[alfredo]

15. Will they be able to change plans or drop out any time of the year?

Or will there be like an open season where they can change funds, or drop out?

I had my money in the TSP, Thrift Savings Plan when I worked for the Post Office. they had open seasons, but dropped that idea.
http://www.tsp.gov/
I got out in early 2001, knowing that bush would drive the economy into a recession, as past Republicans have done in their first year. They do that to shift power and money away from workers.

[sarcasmo]

7. The only ones making money will be the brokers.

Your average SS check will go from 900 a month to 500 a month. Good luck living on 500 a month you might as well start your 401k now and forget about Social Security, Chimpy is going to kill it that's the Repukes plans.

[July]

10. Yep, as keiththedem was pointing out, it's shoveling more money

to Chimp's pals, on the road to eliminating SS entirely. The brokers will get their dough up front in fees, then we'll be left to fend for ourselves when some of us go broke.

[Ian David]

11. Bush's plan works PERFECTLY in Bush-World

Only those among us who aren't Raptured will need to collect social security

[rman]

12. you might "own" it but not control it

Ownership without control, kindof like how the Iraqies "own" Iraqi oil.
What kind of ownership is that?

[robbedvoter]

14. You don't get to decide what you "buy". It all goes to W's backers.

Kenny needs a new pair of shoes suckers.