Thursday, May 17, 2012
The Social Security Crapshoot
Remember when that President from Texas said he had won political capital in his re-election and he was going to spend it turning Social Security over to Wall Street? Most people dismissed this idea as thought of by someone who must be on a steady diet of loco weed. Eventually after invading Iraq while looking under his couch for WMD's he was put out to pasture.
Enter the new doubling down Tea Party Republicans and their wonder boy Paul (it costs too much) Ryan. They have all the answers or should I say answer. The answer is we can't afford it. By we, Republicans mean themselves and their rich supporters. They have decided that insurance companies should handle Medicare and Wall Street should get a crack at Social Security. If they ever take total control you can bet the average life expectancy is going to take a plunge.
Do you know why Social Security works so well? It's because the average person is not an investment wiz who spends hours each day pouring over mindless statistics to see what to invest in. He or she knows that paying into Social Security guarantees them a lifeline after they can no longer work. The way to be sure Social Security will be solvent in the future is to make people who after a cut off point because they make too much, continue paying in.
Let's face it, Wall Street does not need another windfall giveaway of old peoples money to charge investment fees and make even more money. I"m sure Wall Street investors are so honorable that they would never take advantage of the elderly but still why take that chance.
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