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Stupid Decade
Pat Bagley, Salt Lake Tribune
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5 Responses to “Stupid Decade”
What's stupid is saying privatization was putting it “all in the stock market”. That mischaracterization is on a par with the GOP “death squad” accusations.
Sure, it's exaggerated… but a valid point remains.
That mischaracterization is on a par with the GOP “death squad” accusations.
Not even. *Someone* needs to set policies for how much end-of-life treatment taxpayers will stump for. “Death panel” is a needlessly scary term for it, but the essence of it is true.
“Privatize social security and put it all in the stock market” is not only inaccurate, it's a contradiction in terms. Privatizing means taking such decisions out of the government's hands.
We are talking about a two trillion dollar fund here, where do you think it would go other than in bonds and stocks? Can you think of any other investment vehicules that can handle that kind of money?
We are talking about a two trillion dollar fund here, where do you think it would go other than in bonds and stocks?
Do you think they buy and sell bonds in the stock market as the cartoon suggests?
Besides the term “all in the stock market” is a huge error, as all of the plans I've seen limited the amount of money placed into private control at 1 to 2% of wages, retaining the balance of FICA taxes for the traditional social security funds.