True or false: Discourage Social Security for Bush's voluntary plan of contributions into the stock market.

Question

Is Bush right again?

Answer 1

Bush is NOT right. Look what he has already messed up. You really think he can be trusted with Social Security reform. I don't think so.
The stock market is a highly volatile risk-filled method of investment. There will be some winners, but there will also be many losers. What happens if the market takes a nose-dive? Realistically, how many will reap the profits, and who will lose their shirt? Those who have the most experience when this takes place are the ones who win. That I'm sorry to tell you is not going to be your average joe.
Will there be a backup plan for those who do lose? Will they just be SOL? Will those who lose a bundle be able to claim losses, and in turn be put in the welfare system? That would solve nothing, and create a monster.
How many people are really expected to do all the research to make informed investment decisions. It probably won't be the person making minimum wage, someone working 2 jobs to make ends meet, or someone below the poverty level.

Answer 2

It's voluntary. It allows you a little more fredom to choose rather than having the government take your money away from you and deciding what to do with it themselves.

The democrats don't like it for two reasons. Bush suggested it so it has to be wrong, that's called idiotic party politics. And because it takes money out of their direct control. They cannot steal it from us as readily when their tax and spend budget goes broke again.

Do you have any idea how many times Social Security has been robbed to balance the budget? Let's take the money out of their hands as much as possible.

Answer 3

Despite politics, the math does not lie. An average person over a lifetime of earnings gets far less from SS than if they would have put the money in a simple savings account.

Answer 4

it has to be false.