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View Diary: Paul Ryan shows he hasn't given up on privatizing a chunk of Social Security (75 comments)

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  •  Look at Ryan's insidious language (6+ / 0-)
    let younger Americans have a voluntary choice of making their money work faster for them within the Social Security system.
    he makes it sound like investing in markets is nothing more than a "choice" to get a higher "return" than ones benefits would give.  Right.  The stock markets always do what we choose...

    I'm not liberal. I'm actually just anti-evil, OK? - Elon James White

    by Satya1 on Fri Oct 12, 2012 at 12:55:53 PM PDT

    •  They already have that choice (6+ / 0-)

      You can invest PRE TAX money in an IRA. And you can select various investment options for that IRA, some of which are pretty risky.

      You might get lucky, or you might lose it all. That's your choice.

      But you'll still have SS, so you won't wind up destitute.

      That was the entire purpose for SS from the beginning - to make sure that the elderly had some safety net when they could no longer work.

      When you don't have family that will take you in, or that CAN'T take you in, or that can't properly care for you, having an income that is YOURS becomes more important.

      Or we could just have free old folks homes for the poorest, where they'd get fed pink slime and live in minimal conditions, with no real medical care and no creature comforts.

      Sounds like a horrible waste of talent to me. And extremely Dickensian.  

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