Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Don't Blame Me, I Voted For Kerry -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (56523)	11/4/2004 8:43:50 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 81568

<<You'll have nothing if Bush privatizes it.>> Sure I will because I'll be directing where it goes.

To: Karen Lawrence who wrote (56523)	11/4/2004 10:26:39 PM
From: David Howe	Read Replies (1) \| Respond to of 81568

<< You'll have nothing if Bush privatizes it. >> I don't think you understand the subject. It's actually a very simple theory that Bush is going to push forward. If you take some money out of the pot and invest it in something that makes 5% you will have more money in the long run than if you invest everything in something that makes 2% (like SS is invested now). If you had a use today for the money that you took out of the pot then you have a short term issue to deal with. But, in the long run, you have much more money and you can avoid the problems that Social Security will face if we do nothing. If Bush doesn't do this, Social Security will run out of money in a few decades. There will be too many retired people and not enough workers. If we take some money now and invest it properly (bonds, funds, a mix of both, or whatever), we can't help but have more money in the long run. This is a solution that has short term challenges, but is a long term solution. Liberal policies are almost always short term solutions while sacrificing the long term. Conservative policies frequently require short term efforts that result in long term prosperity. Dave