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New Gov Pension Program?

page: 1

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posted on Feb, 16 2009 @ 01:32 PM

Social Security isn't broken; don't 'fix' it

With any luck, the 2008 stock market crash will permanently restore Social Security's luster. Indeed, the program looks so solid and reliable compared with every other source of retirement income -- your pension, your portfolio, your house -- that people ought to respond well to the idea of expanding it, in part by permitting them to put more money into their Social Security accounts to obtain better benefits.

LA Times

Can you believe this? In a time of economic destruction, they are advocating more intervention and their only evidence that it will all be fine is because of treasury bonds being the last financial bubble we have left?

What happens when that rally runs out? Watch our unfunded liabilities skyrocket.

[edit on 2/16/2009 by SpencerJ]


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