http://www.talkingpointsmemo.com/...
The Club for Growth, the big right-wing GOP pressure operation, just come right out and said it. "Private Social Security? Hell yeah!"
Okey dokie, game on!
http://www.clubforgrowth.org/...
Most Republicans are running away from the Social Security issue. They've probably been told by establishment handlers to never defend "privatization" or personal accounts.
That's a true statement, what do you think?
Baloney.
Really? Tell me more!
Fiscal conservative candidates should embrace it. While Americans in retirement or approaching retirement would stay in the current system, younger workers should have the option to invest a portion of their money in financial assets other than U.S. Treasuries. These accounts would be the ultimate "lock box" - they would prevent politicians in Washington from raiding the Trust Fund. The truth is that taxpayers bailout politicians every year thanks to Social Security. Congress and the White House spend more money than they have so they steal money from Social Security to help pay for it. That needs to stop and there is no responsible way of doing that except with personal accounts. These accounts would also be personal assets, much like a house or a 401k account. If you die, you can pass it along to your heirs. With the current system, you can't do that. You have no claim on that money even though you may have spent a lifetime paying payroll taxes.
But what about the day that the market dropped 777 points and went on to drop, causing some of us to lose 50% of our savings?
Democrats will say supporters of personal accounts will allow people's fragile retirement plans to be subjected to the whims of the stock market, but that's just more demagoguery. First, personal accounts would be voluntary. If you like the current system (the one that is raidable by politicians), you can stay put and be subjected to decreasingly low returns as Social Security goes bankrupt. But if you want your money protected from politicians and have the opportunity to invest in the same financial assets that politicians invest in their own retirement plans (most are well-diversified long term funds), then you should have that option.
NOTE TO DEMOCRATIC LEADERSHIP, HERE IS YOUR CHANCE TO CAPTURE THE OVER 50 AND SENIORS VOTES.
splashoil linked to this poll at FDL...wow, if you question how important Social Security is...take the poll!!