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I thought privatizing SS meant that WE could invest it the way we saw fit. And yes, unless you are getting ready to retire, this is a perfect time to have your money in the stock market. Buy low, sell high - right now is the time to buy low. When you get in the stock market you are in it for the long haul. If you leave your money in long term, you will have a good return on your money.
Perhaps with the trillions from social security in wall street funds, investment banks would have made hundreds of billions more in profits and not needed a bailout. Ever thing try being positive about things?
Yes, the next lie is that we ran out of social security money when really it was used to buying the rich their new million dollar yachts.
From what I remember, Republicans wanted to leave that money alone and Bill Clinton wanted to BORROW from social security. I'm not sure the details but I do remember that much.
From what I remember, Republicans wanted to leave that money alone and Bill Clinton wanted to BORROW from social security. I'm not sure the details but I do remember that much.
You are right on target and the attached link supports you. It is from a noted Democratic Liberal and shows how they want our social security money to fund govenrment.
http://oversight.house.gov/story.asp?ID=847 (broken link)
Perhaps with the trillions from social security in wall street funds, investment banks would have made hundreds of billions more in profits and not needed a bailout. Ever thing try being positive about things?
This is laughable! The investment industry knew they were in trouble back in 2002-2003. They knew their valuations were based on those baffling and uncertain "credit default swaps." They were looking for something else to fund their unregulated growth. And there was this huge pot of money sitting there, not giving them profits.
I thought privatizing SS meant that WE could invest it the way we saw fit. And yes, unless you are getting ready to retire, this is a perfect time to have your money in the stock market. Buy low, sell high - right now is the time to buy low. When you get in the stock market you are in it for the long haul. If you leave your money in long term, you will have a good return on your money.
Privatizing SS...is the federal government going to give investment training to the entire nation, or for everyone who opts in? And pay them for the time they spend researching? This is just a play to get at your money and your taxes and allow your employers to eliminate pensions, you must know that. The overwhelming majority of people who would opt in to such a scheme would not be stock-picking themselves, they'd give it to a faceless brokerage house. And the elephant in the room - what if disaster struck? I suppose that kind of welfare you wont mind paying for, right? Pay millions of people's erstwhile Social Security income?
"Right now is the time to buy low" - do you know the meaning of volatility? Buy low in what overinflated sector? These prices arent accidentally dipping, this is a major correction and we're not allowed to short (and that's not even clearly set yet either). There is no sector that is healthy right now or protected against Mr Market. Right now is the time to be in cash, or in something that tracks the price of oil such as commodities. For the moment. And the second half of this week is likely to be particularly negative, do you know why?
IOW no, now is not the time to "buy low."
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