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Pastimes : Let's Talk About Our Feelings!!! -- Ignore unavailable to you. Want to Upgrade?

To: greenspirit who wrote (68684)	12/26/1999 1:52:00 AM
From: Grainne	Read Replies (2) \| Respond to of 108807

<<I believe most conservatives would rather see our current social security system turned into something similar to a 401K. Where it is controlled by the individual.>> I think this would be better than the government directly investing as well. However, you vastly overestimate the investing sophistication of the American public. Everyone is not like the people on SI; we are a distinct minority. A majority of Americans has never owned an individual stock, for example. What are you going to do when an unsophisticated person makes continual bad investment choices and then does not have even as much to retire as he would have had under Social Security? Is there going to be some kind of safety net or bailout program for the unlucky ones? And what if a recession starts just as you plan to retire? We have forgotten about them almost because the bull market has gone on so long, but this is not a normal bull/bear pattern. Liberals around these parts have no faith at all in the American education system. I have no idea at all what you are talking about. However, I would mostly blame conservatives for taking all the funding out of education which public schools need to actually educate children. Teachers in San Francisco cannot even live here because their salaries are so low; secretaries make more than beginning teachers. Why on earth would anyone choose teaching as a profession?