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CET · 11-10-2004, 05:55 PM

Bush Moves to Privatize Social Security

This is good news. We all know that social security is fucked up. Mostly because of 2 reasons.

1. Social security funds are raided to fund other government projects. A private fund cannot be raided for pork projects.

2. Comparing what an individual puts into social security and what they get out, when adjusted for inflation, retirees would get a better rate of return if they put that same money into a basic checking account.

I see no reason not to do this, except for those who trust the government more then they trust the private sector. So far the government has completley fucked up the retirement plan they've promised. The private sector collectively can't possibly do worse then the govenrment has. If nothing else, this would put individuals in charge of their money, rather then trusting the government to do so.

11-10-2004, 05:55 PM
CET Confirmed User Join Date: Jul 2003 Location: Los Angeles Posts: 2,754	Bush Moves to Privatize Social Security Bush Moves to Privatize Social Security This is good news. We all know that social security is fucked up. Mostly because of 2 reasons. 1. Social security funds are raided to fund other government projects. A private fund cannot be raided for pork projects. 2. Comparing what an individual puts into social security and what they get out, when adjusted for inflation, retirees would get a better rate of return if they put that same money into a basic checking account. I see no reason not to do this, except for those who trust the government more then they trust the private sector. So far the government has completley fucked up the retirement plan they've promised. The private sector collectively can't possibly do worse then the govenrment has. If nothing else, this would put individuals in charge of their money, rather then trusting the government to do so. __________________ Alt Journals, Blogs for Perverts! Fitness and nutrition writer, and UNIX/Linux Sys Ad in training "Just as a man who has fallen into a heap of filth ought to seek the great pond of water covered with lotuses, which is near by: even so seek thou for the great deathless lake of Nirvana to wash off the defilement of wrong. If the lake is not sought, it is not the fault of the lake."