Not necessarily. In some schemes investment choices in the accounts are regulated, especially to reduce risk. In no scheme are investments limited to stocks.
On Wed, Feb 25, 2009 at 2:18 PM, Carl Dassbach <[email protected]> wrote: > You should add that one of the premises was that people would invest these > individual accounts in the "booming" stock market!!!!!! > > CHAD > > Max Sawicky wrote: > > Sure. The deal was to divert payroll taxes into individual accounts > and cut benefits. Bush was always vague about the benefit cuts. The > extent of the implied changes were documented in detail by Jason > Furman, who is now Larry Summers' major-domo in the WH. > > http://www.cbpp.org/4-29-05socsec.htm > > The worst we could safely predict from Obama is laid out in Orszag's > book with Peter Diamond, which is a variation on preserving SS while > eliminating the projected Trust Fund shortfall with limited benefit > cuts and tax increases. I don't favor that, but we could do a hell of > a lot worse. With Bush we would have. > > > > > On Wed, Feb 25, 2009 at 12:17 PM, Louis Proyect <[email protected]> wrote: > > > Max Sawicky wrote: > > > The Bush description is an IRA, albeit under a very different > arrangement. What was different is that Bush yoked this proposal to a > gutting of social insurance, rather than an augmentation of it as per > Ghilarducci. > > > Could you be more specific about the "gutting" or are you simply ascribing > ulterior motives to Bush. Speaking for my unrepentant self, I have no > reasons not to ascribe the same motives to Obama. > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > > _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
