PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Brad Bolen who wrote (72006)	11/12/2000 10:30:54 PM
From: Frank Griffin	Read Replies (1) of 769667

Brad, I wouldn't want to see it go away. I would like to see, like a giant ship, a gradual shift to private investment of the funds in order to get a gigantically larger return. Of course, these type changes would have to be worked in slowly and only with very young workers with a long time horizon. Right now I don't believe there is any true earnings on your social security investment. The money, excepting money to pay current recipients, goes into general revenue so where is the interest? Another giant benefit of more privatization beyond the earnings would be the money would belong to the person working for it. Presently, you have a very good chance of never collecting a dime from social security. Die before reaching retirement age and you or your estate receives essentially nothing. If your spouse or your children happen to not hit the qualifying factors they will receive nothing. With privatization you and your family will own the account.

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