Skip to comments.Harry Reid: “Social Security is Fine,”
Posted on 01/27/2011 8:26:27 AM PST by WOBBLY BOB
click here to read article
Prominent Democrats like Reid need to be “put on the record” on this OVER AND OVER AND OVER.
Bush was right to try a (very modest) reform of the system, and look where it got him. History will remember him more kindly, however, but not Reid and the other Ostriches.
We need to do what Chile did in the 1970s: Transfer from socialist old-age-pension system to a regulated 401k-type approach, so that people SEE and OWN their retirement funds.
From a man who flunked math and aced lying.
At his full Senate salary for life you might add.
What is interesting, somebody pointed this out - whenever anyone talks about privatizing the social security system there are always some who get all apoplectic and start sputtering and talk about the stock market.
That’s a false choice, folks. Privatization means just that - not that the only investment choice are stocks or indexed funds.
Somebody else mentioned the “IOUs” representing social security surplus funds. It’s my understanding that these are “special” treasury bills, special in the sense they are non-marketable Ts. Somebody smarter than me should explain what that really means - it can’t be anything good.
Why in Hell do the people of Nevada keep electing this complete moron???
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.