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Politics : President George W. Bush - Right or Wrong? -- Ignore unavailable to you. Want to Upgrade?

To: RMF who wrote (306)	12/21/2004 11:58:44 PM
From: Lazarus_Long	Respond to of 390

OK. So if the gov't taxes the amount you didn't put into an IRA from you, it takes the money and buys gov't bonds in your name for you. The difference is you simply get no choice as to the investment vehicle. If you wish to have a choice, it's available, which it isn't now. And I did say there would have to be restrictions. For example, buying a new car with your "IRA" money would not be permitted. Buying CDs or QQQs would. Then the choices would have to be VERY restricted or a million infomercials would be spawned overnight telling people how to turn their Soc. Sec. account into mansions and yahts. With TESTIMONIALS featuring old ladies in wheelchairs on the beach in South France...LOL What's the difference between that and the current situation regarding usage of excess capital? The problem under discussion, according to what I have read, actually doesn't exist anyway. The retirement portion of SS supposedly is still solvent and will remain so. It is Medicare and SSI that are sinking the ship.