No. of Recommendations: 0
I watched the debate (sometimes only half listening) but one thing Biden said set me off: privatizing SS would have been a disaster. Has this man seen the current value of the S&P 500? His talking point on this is four-years out of date and wasn't right even then.
--------------------------------------------------------
I just saw a study saying SS is a bad deal for 80% of the people. Meaning, i believe, they put in more than they get out. I find it hard to believe it would be a money loser for 80% of the people if you got to invest your money in a lifecycle fund or even the S&P 500 over your 40 some year career. Then again, that's what dems do, scare people.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement