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Politics : Right Wing Extremist Thread -- Ignore unavailable to you. Want to Upgrade?

To: haqihana who wrote (49085)	4/28/2005 11:20:47 AM
From: JDN	Read Replies (1) \| Respond to of 59480

Actually, my understanding is the monies would only be investable in a very large pool of stocks and investment grade bonds. Thus outside of US treasuries just about the safest investment one could make. In Texas they are earning about 4 1/2% on similar investments as compared to under 2% for the deal we have now. PLUS its YOUR MONEY to take with you when you die. hehe. IMHO there is NO CREDIBLE reason to oppose this plan. Its just the Democraps playing politics with OUR MONEY and we being dumb enough to go along with it. jdn

To: haqihana who wrote (49085)	4/28/2005 9:53:59 PM
From: Rick	Read Replies (2) \| Respond to of 59480

As far as I've heard all the "privatization" mentioned involves allowing workers to use a system similar to the governments own "Thrift Savings Plan." You would be allowed to invest in such things as Indexed Bond funds, Indexed S&P funds, Foreign Bond funds, Index Government Bond funds, Index Stock funds etc. And, in addition, you can transfer your funds between any of them whenever you want. There's nothing really scary about these voluntary investments. And almost all federal workers think its a great system. If its good enough for the actual Social Security employees, why shouldn't it be good enough for everyone else? - Rick