I’d like to point out that the Canadian Pension Program (CPP) is invested into private-sector programs.
However, I have problems with a quasi-government agency trying to invest trillions of dollars in the private sector, as would be the case for an American “CPP” program. I mean, what can go wrong? (eyes rolling)
Neal Boortz spoke a long time ago about a certain city in Texas where the employees were able to invest their Social Security money in the stock market and they did so well with their investments, the city withdrew the program. I can’t remember what city it was, but might be able to dig for it.
Of course, NOW, people are more and more convinced that the stock market is being manipulated and don’t trust it, so, it might not work now. (Sept 15-18th, 2008-—Soros, I’m convinced!)
How many people are unaware that the Social Security “lock-box” was raided YEARS ago and now only holds “I.O.U.s” from our great “representatives” in congress?
Thanks for post. Things to think about. Something has to change.