How to Fix Social Security

[onlydarksets]

Originally Posted by firstdown

Well if the goverment does privatize SS it would have to be manditory that each person invest a % of their payroll each month. I would also not have a problem if the Goverment restricted how the money was invested to some point. Another words I could not take all the money and invest it into risky stocks I would have to be deversified in my portfolio.

I agree - that would help address the concern. However, I think several people on this board would take issue with this approach, because it limits the market. However, a truly free market means we abandon people who don't come out ahead in their SS investments. Economic theory may dictate that is the most efficient outcome, but it's just not very practicable.

Originally Posted by firstdown

I think what he ment was that allot of our millitary was starved for money back in the Clinton years and we have to spend more now on things that needed fixing durn the Clinton years. That argument holds some truth but with the price of the war it does not hold a bunch weight as why the budget has grown so much.

Good post.