posted on Nov, 11 2004 @ 10:01 AM
This is nothing more than a test balloon. I preferred where we were around the end of 2000 when Social Security was solvent as-is for the next 75
years despite Bush's mocking of the concept of a "lock box" and the GOP push to move Federal collections into the stock market.
Who (other than Osama) didn't breath a sigh of relief on 9/11 that bad idea had failed to take steam?
And what have we learned since? Nothing.
Except to move in smaller steps toward the GOP goal of eliminating Social Security. Okay, so moving 2% of one's retirement only creates a 2 trillion
shortfall (assuming the stock market makes money). You know it doesn't always make money, but the GOP isn't thinking past the stock broker windfall
anyway. Then what happens? Welfare for the poor investors? :shk:
It's pretty risky if you ask me. Assuming magical capitalism dust kicks in and everything works out seems to be the "plan." When in reality I know
they aren't thinking past the immediate "bump" to their own portfolios and the financial institution kick backs when this first happens.
Were I pondering a 75 year plan to send America into financial turmoil and come out of the other end with a public mandate to beg the government to
take more control and adopt socialism, this is how I'd do it.
Baby steps toward disaster.
But hey if red states would rather send their retirement to blue states for safe keeping than the Federal government, don't let me stop ya. The
godless yankees in Chicago and NY will take care of you just fine.
Didn't we move the capitol to DC to stop this sort of thing?