Privatization risk
Jon Tucker, Fairbanks
Published Thursday, October 9, 2008
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To the editor:
I recall with horror that the Republican Party wanted to privatize Social Security and put it in the hands of these very same crooks who have brought down our economy.
It beggars the imagination the damage these greedy jerks could have caused.
Jon Tucker, Fairbanks
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Makes one think, doesn't it?
I am all for privatizing a portion of my Social Security - at least then I would know where part of my money is - - - currently, with the Social Security ponzi scheme - my money disappears into thin air...and the program itself will run out by 2045 or so
If we don't fix it soon it will be just another bankrupt government program
Oh - and I do believe the GOP attempted to regulate Fannie and Freddie a few years back and the Dems argued against it...truly does make you think, doesn't it (the truth hurts but keep spinning)
http://www.youtube.com/watch?v=_MGT_cSi7...
Yo....us old folks are counting on social security and it ain't a democrat or republican thing. If you can prove one party started it I can prove the other party knew about it and did do anything to stop it. Wise up us fools! We need an attitude adjustment to make sure those we elect represent us first and their party last. The majority/minority party seniority game at our state and federal levels is bankrupting us. You might not get elected to a second term if you buck the system but if we voters got off our duff there would not be any second terms for anybody until we get the representation we deserve.
That's right, don't you know its better for the government to manage your money for you than for you to manage it for yourself.
Cant wait for nationalized health care...
I am 100% in favor of privatizing a portion of my social security payments. It's voluntary and it provides an incentive to learn about trading and investing markets, as well as, imparts a level of knowledge about the fiscal health and policies of a variety of public corporations.
The Republican plan was purely voluntary and was only available to young taxpayers. The plan was completely mis-characterized by the opposition to engender fear amongst baby-boomers and retired citizens. Another great opportunity lost to the willies.
Government employees don't have to worry about it. They get a guaranteed pension, don't they?
And I think Alaska gov workers get to opt out of SS for a separate and better plan.
All you privatization proponents don't seem to upset by the way the PFD has been managed.
Ask the baby boomers about privatization. Retirement investments have lost two trillion dollars in the past year, the biggest hit and no one seems to talk about it. How many boomers have suddenly found that the only thing they can rely on in retirement is their social security? brassmonkey you better check the PFD and see how many billions it has lost in the last two weeks.
Everything has lost in the last two weeks, but that doesn't mean we don't have the very best investors working on our fund. It does mean that we invest heavily in (gulp!) Exxon and other similar companies. I'm just saying I've heard a few people claiming that SS would be better off privatized, but they have been quite silent about the PFD. It does, after all, belong to "the people of Alaska."
Wait, I have no idea where my SS is. I keep paying and I have no idea what BS it's invested to. Hell, maybe it's in AIG being wasted away by the execs. to get massages and pedicures. Anything that might give me control of it would be great... ANYTHING
1. Been eligible for a PFD for 7 years now. I have NEVER applied or have a desire for it.
2. I strongly believe in giving a citizen a choice of either Social Security, Partial SS and some privatization of investment, or NO SS and full privatization.
3. SS is a 75 year projection with annual budget committees to reportably keep it on track. It is a program that will in time "Fail" simply because government has a "Proven" track record of mismanagement. Get a clue---government is reactive not proactive.
4. For 40 plus years I have been "fleeced", I honestly believe I can look out and manage my affairs in my best interest, just as government manages us in their best interest.
5. The Average American is totally uninformed, ignorant, and dependent on the bosom of government. The economy needs to collapse I always admired Darwin.
6. Make sure you continue to perpetuate the system vote McCain or Obama! I wouldn't want to see us go 4 years without the complaining and whining we are all so accustomed too as well as the lack of action necessary to truly change the path of this once great country.
Uh, the deregulation and reducing government agencies has allowed our economy to quit working. The greedheads at the banks no longer trust each other and won't lend. There is no credit. The commercial paper market has frozen; they are only doing overnight loans. You are going to see layoff is the lower 48.
McCain is a deregulator and has said he'll continue the administration's economic policies. He thinks Paulson is doing a good job. Business Week has an article from the president's first Secretary of Treasury Paul O'Neill (fired for disagreeing with the direction of Bush/Cheney) that differs from Paulson:
http://www.businessweek.com/magazine/con...
It was once suggested that we all write in our name as president, back in the 80's. This would be a great time to do so, we all get paid the salery of the president, and we would all have to be involved with the politics of running this country. And anyone who gets more then one vote is disqualified, and those who don't vote won't have a say in this country. It just might work heh.
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