Why not privatize Social Security?

[murdoch]

People can depend on the stock market for their retirement instead of Social Security. Doesn't this sound like a good idea? How comes all you liberals and Democrats are opposed to this?

[Horse with no Name]

1. Yeah cause those stockbrokers sure know how to take care of our money

:eyes:

[gateley]

2. Great idea! I'm voting for McCain! nt

[supernova]

3. Because the markets are unreliable

and have a tendency to go bust every generation or so... like they are doing now. It's not something an elderly person should be relying on exclusively.

Everyone needs a steady, reliable income to at least meet basic expenses. Do you agree?

[OhioChick]

4. Yeah....

The stock market and suits are so reliable. :crazy:

[lonestarnot]

5. How about we privatize just yours?

:evilgrin:

[OmmmSweetOmmm]

6. I was thinking about this earlier and during the next debate, Obama has to drive it home that

McCrash backed Shrub on this.

[cali]

7. satire, right?

[Lerkfish]

11. that's how I read it, also.

:)

[SoCalDem]

8. 5, 4, 3, 2.....

:rofl:

[OwnedByFerrets]

9. ........

:rofl: :rofl: :rofl: :rofl: :rofl:

[avaistheone1]

10. The request for a $700 Billion bailout proves Wall Street can not manage it accounts. They can't be

trusted with our Social Security. They will just create another Ponzi scheme out of it.

[gblady]

12. wow....

what did you have for breakfast?

[JHB]

14. Mockery-O's would be my guess...

...mocking past republican positions, that is.


Send New Zesty Mockery-O's to a Republican Friend! Because Giving is better Than Receiving! :9

[JHB]

13. Because we're a bunch of commies who don't live in the real economy, of course!

We just live in ivory towers shaped to fit our pointy heads. Didn't you read the memo?

:evilgrin:

[deaniac21]

15. No way to win...

[ProfessorGAC]

16. Because There Isn't Enough Value To Support The Extra. . .

. . . influx of investment, so the entire system would become hyperinflated. The only people who'd make any money are those who are already fully into the system, and when the hyperinflation bubble burst, we'd have 30 million retired people without any means of support.

Is that sufficiently clear?

The Professor

[TahitiNut]

24. Perfectly stated. Succinct. Pithy. Accurate. (Kudos)

Too much money chasing too few values .... the story of the stock market and the Greater Fool Rule of the past 20 years.

P/E over 20? over 30? INSANE!

[Liberal In Texas]

17. Gee, you notice the repubs aren't ponying that old meme around right now, are they?

It was bad enough they changed to the pension systems in companies to 401Ks which is stock market based (mostly). I don't even want to think about how much my 401K has shrunk since the first of the year.

[marmar]

18. Dude, where's the sarcasm icon?

:shrug:

[Tiberius]

19. Here's a serious answer for you

While over the long term, stocks will earn a decent return, 7% or so... who gets to decide what the mix of investments are? What stocks would be bought, what fixed income assets should be bought, etc.?

The issue of safety is paramount - after all, those mortgage securities received Triple AAA+ gold star ratings - what if they were added to your social security portfolio, and tanked for you right before retirement?

SOCIAL SECURITY is named that for a reason. It's a backstop. It's all you have if you don't save, and should never be risked, nor should it be poached for 1 or 2% a year by so called "fund managers" who can't beat the market anyway.

[vanderBeth]

20. I sincerely hope you forgot the sarcasm tag.

[Blue Meany]

21. Yup, that would take care of the liquidity crisis for a few

days. After that, they can sell Alaska back to the Russians and then sell as all into slavery.

[Kip Humphrey]

22. -777.

[Javaman]

23. you might want to use this next time...

:sarcasm:

[spanone]

25. you're assuming it was meant as sarcasm

[Javaman]

27. Awww, bless your heart. As we say here in the south.

just imagine your social security right now if it were privatized and invested in the market, it would be worth less than shit.

That is why, you tool.

You are now sooooo blocked because of your willful backward way of thinking.

I bet you give a big wet one to your george W moron* poster every morning.

some people just never get it.

[Naturyl]

26. Great idea! And while we're at it....

Let's replace jobs with trips to Las Vegas as a primary source of income.

[Cleita]

28. Because it was already tried in Great Britain and other countries like

Chile. It didn't work and the pensioners ended up in the poor house. So why would we try to do a failed ideology again? I mean it amazes me that Republicans will go back to the same old failed policies over and over again. The last eight years of the Bush administration have been a repeat of the Hoover administration, another one with economic failures because of the same old ideologies that don't work.

[ashleigh4dem]

29. Sounds like a repub

trying to persuade us that privatizing social security is a
good idea.  Better luck somewhere else.  What's up with the
quote "How come all you liberals and democrats are
opposed to this?"