Social Security Privitazaton

Todd

Virgin
Joined
Jan 1, 2001
Posts
6,893
– DEMOCRATS IN A PANIC
The Democrats are declaring a Jihad against any form of Social Security privatization. Every Democratic member of the congress went home for this summer break armed with form press releases, op-ed pieces and talking points slamming the idea of any privatization. You can look for these items to show up in your local newspapers over your own Congressman or Senator’s name in the upcoming weeks.

You do know, don’t you, that you have no legal right to any of the money you pay into Social Security. That’s right. Once it’s paid, it’s not your money any more and you have absolutely no legal right to it. The money belongs to government and some of it may be doled back to you at some time in the future IF and only if the Washington politicians decide it’s in their best interest to do so. If these politicians decided that there were more votes to be bought by spending that money somewhere else they are perfectly free to do so.

Is this your idea of a retirement account?

Under the Bush plan some of that money would be placed into an account that you own! Your account! Your money! Not the governmet’s money --- YOURS!

This is what frightens Democrats to death. Government owned retirement accounts mean dependence on government. Privately owned retirement accounts mean self-reliance. Democratic politicians depend on votes from people dependent and reliant on government. Privatization, then, is a threat to Democratic votes.
 
IT’S GOOD ENOUGH FOR GOVERNMENT EMPLOYEES THOUGH …

Here’s a question put forth by Donald Lambro in today’s Washington Times:

“Why should federal workers be allowed to invest in stocks and see the value of their funds grow substantially over their working career, while ordinary workers --- especially those on the bottom-to-lower income brackets --- must be satisfied with a paltry 1 percent to 2 percent return over their working lives under Social Security?”

That’s right, folks. Federal government workers, including most of our Congressmen and Senators, can invest their retirement funds in something called the “C” fund. It’s a stock market fund that has returned over 17 percent over the past ten years.

So, while these politicians fight against your right to invest your Social Security funds in a private account --- they go right ahead and sock their money away privately for a nice, cash-flush retirement.

It’s OK for them. It’s just too risky for you.
 
Back
Top