Daily Kos

View Story | 9 comments

  •  Car Insurance Analogy (none / 0)

    Last night I asked a friend if he had written letters to his Senators and Congressman yet? He had and he told me the analogy he used in his letters. He compared private SS accounts to car insurance. He said it would be like deciding to cancel your car insurance and investing the premiums in a savings account. Then, if you are in a car accident, you could use the savings account to pay for the damages, possibly a large sum if you injured or killed someone. He said to me that most people would think, hell no, that is a terrible idea (cancelling your car insurance). I thought he had a great analogy, and I think the key is that it highlights that SS is INSURANCE, not an investment like Bush is saying.

View Story | 9 comments