How would such a plan account for the millions of seasoned citizens
that currently rely on SS? Where would the money come from to
keep writing their checks?
I do agree that in the long run, in order to make SS solvent, that we
will need to privatize, but to propose a total switch over would be
political suicide.
On Saturday, January 17, 2004, at 08:54 PM, Charles wrote:
If he were a man he'd not only go there, but announce the privatization of Social Security.� At least he'd show some spine.� It's time the gvt got out of the retirement business.� If my 403b can have an average return of 35% over the past decade then there is no reason for SS to have a return of 2%.� Let me take the amount of money I give to the fools in DC and put it in my 403b.<image.tiff>
�
Charles Mims
http://www.the-sandbox.org
�
�
From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Tim HarderTim Harder
Sent: Saturday, January 17, 2004 8:12 PM
To: The Sandbox Discussion List
Subject: Re: [Sndbox] Social Security Gamble
If I was Bush.... I would not go there...
On Saturday, January 17, 2004, at 06:44 PM, Charles wrote:
Social Security Gamble
Robert Novak (archive)
January 17, 2004 | <image.tiff> Print | <image.tiff> Send
<image.tiff>
WASHINGTON -- A daring proposal that would make Social Security reform an election-year gamble is contained in a late draft of President Bush's State of the Union address to be delivered Tuesday night.
As he did last year with Medicare, Bush would take a thematic approach to Social Security rather than spell out specific legislation. In this case, the president would not attempt passing a bill this year authorizing individual personal contributions. Bush wants the issue debated in the 2004 campaign, prior to going before Congress in 2005.
Key House Republicans, headed by Speaker Dennis Hastert, have urged the White House not to touch Social Security. Nevertheless, presidential aides say Bush is determined to go ahead.
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