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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Sully- who wrote (101742)	2/23/2005 9:29:54 AM
From: Lane3	Read Replies (1) \| Respond to of 793755

That's where I blew my stack. I'm surprised that you have a stack left. You continue to get alarmingly exercised over your own creative inferences. I cited someone in my office who didn't understand what investment action to take particular to bond funds and asserted that no training she received prepared her for that. It didn't. In response you cited lots of warnings on risks that have been provided in the form of handouts and training. You are correct about that. The program has been very clear about communicating that there are risks. But I know of no "training" on how to work the system to one's best advantage. If there was some offered where you worked, that's terrific. Training that I am familiar with was at the level of explaining the difference between stocks and bonds and communicating that there are investment risks. Providing information about relative risks is not the same as training on how to play the system. It was the absence of the latter that I addressed. Then she expanded into gov't culpability asserting, "They don't train you", clearly implying the gov't was willfully negligent on a fairly wide scale. She extrapolated her chaos theory into malfeasance in Social Security private accounts. That is simply baseless hyperbole & clearly unsupportable Culpability? Negligence? Malfeasance? Chaos? Get a grip! We need to understand when we offer such a system that there are a lot of people who won't understand what to do and will make mistakes. And we need to figure out what, if anything, we will do about that. This will be an even greater question with SS than with TSP because it's reasonable to assume that TSP members are at least literate. There's no guarantee of that with SS participants some of whom may not even be able to read the information you cite, let alone appreciate what actions it suggests. This something that needs to be planned for. Simple as that.