Pay attention to the chart which shows the difference in monthly retirement amounts from government run Social Security vs. the private Galveston Plan. AND the ponzi scheme of SS. (7:11)
This is precisely what needs to be done with SS. They need to put these liabilities back on the books, put the amounts contributed by each individual in current dollars into a private funds, and cut people loose… then just end the thing and replace it with the private investment funds.
This would be infinitely better than the current Ponzi scheme… and obviously more honest and truthful.
Imus lets Fox News critics have it, Gratuitous Re Posting of Imus rant. He includes his friend Maureen Dowd in this rant over her columnn about Fox News in the New York Times.
This is precisely what needs to be done with SS. They need to put these liabilities back on the books, put the amounts contributed by each individual in current dollars into a private funds, and cut people loose… then just end the thing and replace it with the private investment funds.
This would be infinitely better than the current Ponzi scheme… and obviously more honest and truthful.
But Dug, just think of all the bureaucrats that would have to find another berth. I guess Obama could just invent another place for them.
Imus lets Fox News critics have it, Gratuitous Re Posting of Imus rant. He includes his friend Maureen Dowd in this rant over her columnn about Fox News in the New York Times.
http://youhavetobethistalltogoonthisride.blogspot.com/2009/10/gratuitous-reposting-of-imus-rant.html