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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (214448)	1/8/2005 2:23:20 PM
From: Road Walker	Read Replies (2) \| Respond to of 1572259

re: Of course, lots of people would rather not worry about it and just think of their SS checks as an entitlement. Insurance. re: Hence the opposition to privatization, because many people are afraid they won't be getting theirs. Do you support an extra $2Trillion in debt? I thought the entire younger generation supported private accounts because they thought they wouldn't "get theirs"?

To: Tenchusatsu who wrote (214448)	1/8/2005 8:40:12 PM
From: SilentZ	Read Replies (2) \| Respond to of 1572259

>Brooks' comments does sound a lot like Rush Limbaugh, but I think you're misinterpreting the phrase "thinking like investors." It's all about ownership and responsibility, not daytrading, speculation, and beating the market. Isn't the responsibility more about having the job and putting the money in? That's more than enough for most people. >This is just another piece of FUD that opponents of SS reform toss out, right up there with the notion that Bush wants to kick seniors out into the streets. No, it's not. I was reading a textbook on international economics, and the book was discussing the U.S. stock market. Apparently there was some study where a bunch of stock brokers were pitted against a trained monkey, and the monkey ended up in the middle of the pack. And those guys had more information than the average person is ever going to have. >Most people should just put their retirement money into an index fund, such as the S&P 500, the Wishire 5000, or the Russell. These, like the Dow and the Naz Composite, are good measures of the overall American economy. Or they could just stick their money into a savings account and let compound interest build their wealth slowly, but surely. What's wrong with long-term T-bills? They yield better than savings accounts, and they're as stable as anything. Wait, isn't that where SS money is now? >Of course, lots of people would rather not worry about it and just think of their SS checks as an entitlement... Hence the opposition to privatization, because many people are afraid they won't be getting theirs. No, I'm afraid other people won't get theirs. I'm not gonna need it. You talk about Social Security like it's some huge amount of money... it's basically just enough to keep its recipients out of poverty. IMO, NO ONE should be in poverty, I don't care if it's "their own fault" or not. -Z