posted on Feb, 2 2005 @ 08:24 PM
Originally posted by American Mad Man
I believe the idea is to privatize it because SS is so messed up. Private companies tend to be much more effecient then federal ones.
SS is messed up, maybe. Or, maybe that is what the government is telling us. We seem to be kept in the dark.
But, what I do know is that playing the stock market can be financially dangerous. Mutual funds are more diversified, but still based on the market.
After having seen my private fund get cut in half after the tech bublle burst in 2000, I llok forward to my social security check when I am old
In your private fudning scenario, what will happen to those who made poor choices for their investments or fell prey to unscrupulous brokers? Wait,
wasn't those some of the reasons we came up with SS? To protcet people from folly?
Make no mistake, SS has money and the government, both parties, would like to sink their teeth in OUR money.
[edit on 2-2-2005 by DontTreadOnMe]