Tell me why I can't have a say of how some of my OWN hard earned money is invested?
Tell me why I can't put my OWN hard earned money into a private investment account which even with some bad spans along the way will BLOW AWAY the pathetic 'return' of the traditional social security system?
Tell me how throwing my money into a pathetically government ran welfare fund is going to not only make more money towards my retirement, but also reinvest cash into the economy??
Tell me how my OWN money, privately invested on an even 'moderate to low risk' scale over the next 35 years (I'm currently 30) is going to be detrimental to my payout at 65?
I have no problem grandfathering people into/out of the new system.
Hell for that matter, I have no problem making this an 'optional' system if and when it is instituted.
But come on, you can't have it both ways. In every election for the past 20 years, the "evil" Republicans have been accused of "ignoring", and/or "placing" Social Security in danger left and right. It has been the libs' favorite scare tactic towards seniors since I knew what politics was. For years all I heard was "Social Security" is going to go bankrupt. SS is doomed. SS won't be able to make payments because of the baby boomers. Now a Republican wants to do something about it and holy smokes, Dems are coming out of the wood works to protest.
Why? I'll tell you why. You just got chumped by the President. He just took your favorite agenda and attack item and turned it against you. He has the balls to attack something that has been labeled 'political suicide' by political pundit. He recognizes a problem exists and is willing to fix it, something that the libs haven't been willing to touch.......ironic since they condsider it 'their' field.
Libs hate the fact someone might have an option in managing their own money. They're still holding on the notion that moeny is safer in the hands of the government then the hands of the people who make it.
I see the Leftie Obstructionist Machine is already firing up their engines and digging in for the fight. Please, by all means, keep it up and don't hold back. That continued course of action can only add more House and Senate seats for the Repuiblicans in 2006.
You don't want to take part in it. Fine. But don't get in my way of making an extra $400-500/month when I hit 65 and investing my money back into the economy along the way.
If you think the traditional SS system will make you more money in the long run you're an absolute fool.
One more damn thing. I have a degree of compassion for people who depend on it, but on the other hand, I'm 30 and have a ample personal investment program in place that will more than take care of me when I retire. I knew when I was young that placing your retirement in the hands of the government was a mistake and could lead to doom.
When SS wa created, FDR said it best. It was a program to provide "SOME" degree of assistance in retirement. It was NEVER designed to be a sole means of retirement assistance.