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Politics : Politics of Energy
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To: Brumar89 who wrote (8339)5/19/2009 3:06:40 PM
From: RetiredNow  Read Replies (1) of 86356
 
Yes, I like that better. Time horizon investing via funds like Fidelity Freedom Funds is a great idea. However, even with those funds, the losses were substantial, even in the funds that were targeted at folks who were nearing retirement within 5 years. That was a shocker and made me realize that the purpose of social security is not just to enforce savings, but to also provide a social safety net so that catastrophes like the recession we're in now don't have as deep of consequences as happened during the Great Depression. I'd say that the controls we have in place now, even though they have been diluted over the last 20 years, actually were successful in preventing another Great Depression. We should learn from that.

So I'm still for privatizing social security, but we need to tread with much greater care than I originally was hoping for. It turns out the Dems had at least part of that equation correct. It shows you that the centrist path is more often right than not. It's like the bell curve. If we can form policies on a range of issues and make sure that the folks who are within 1 sigma of the center are on board, then more than likely we are forming sound policy. The minute we start to cater to folks outside that range in our policy making, then we are forming bad policies.
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