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Monday, October 24, 2016
  • gary13136

    Social Security should not be attached to any speculative investments such as the stock market. Rick Perry recently described Social Security as a “Ponzi Scheme”. That speaks volumes for his IQ. The stock market, which tries to promise great returns in return for investment, quite often fails to do so. The stock market therefore is much closer to being a Ponzi Scheme. I remember one of my teachers many years ago, in a discussion of Social Security, described Social Security as “bed and breakfast and little more than that”. So Social Security is not a Ponzi Scheme. Can you imagine your retirement account crashing at about the same time you wish to retire? The stock market is too subject to risk. I would not tie a retirement plan to the stock market. “Those who do not learn from history are fated to repeat it.” A work to the wise should be sufficient.

  • cecil lee

    I trust the government more than the stock market. Where has everybody been the last decade?

  • Macrobank

    Why would a site like the ‘National Memo’ publish a GOP talking point, complete with fraudulent “data”? The instability of the stock market along with the extra costs associated with any privatized system makes even the CONCEPT of playing the market with retirement benefits GOP-level stupid.

    Lift the income level contribution cap and Social Security is just fine. Social Security is insurance for which we, the people, pay. It is NOT an “entitlement program” any more than receiving a check from auto insurance after someone crashes into you with their car.

    Sad, to see Republican propaganda befouling this site. I guess I’ll have to be more suspicious about the “information” being published by the ‘National Memo’…