As usual, the Democrats are twisting the Social Security issue into a pretzel when it is very easy to understand.
1. The process is voluntary. You don't have to participate if you don't want to.
2. This is an expansion of the current government workers retirement plan. Citizens who opt for the 4% of their pay to be diverted into these retirement accounts get what government workers have had for years. It's the same thing, the same funds, and anybody who says different is lying to you.
3. If the stock market crashes, you're screwed either way. It doesn't matter if you have your money in SS or the stock market, if the stock market crashes, you're out of luck. Sure, the stock market will lose most of it's value, but the hyperinflation resulting from such a crash will destroy your purchasing power on a fixed income anyway. If the government prints more money to keep up, it will turn into a fiat currency and become worthless anyhow (look up 1930's Germany). No matter where your money is, any value it has will be destroyed.
4. It's your money. Why do we need permission from Washington to keep it? 'nuff said.
This issue is not about your security in retirement, it's about power and who gets to dole out the money. Never forget that.
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