Watch it friend, here's socialism creeping in: private enterprise is doomed to failure and only the Government can save us / take care of us. Obama/Pelosi/Reid knows best sort of thing Any form of even gradual, partial privatization of SS would be accompanied by suitable regulation, the kind of oversight that the Dems blocked over and over again over the past few years, with the result of causing the present situation. Dems want the Government to be the big Daddy, while conservatives would rather see more private decision making running the place. Neither system is perfect, but I would place my bets on the latter.
I'm a professional pilot. I put my part time ST trading on hold a few months ago to pursue a project. Why do you ask?
It was Congress who did this, it's their responsibility to manage the country's finances. Clinton just went with it, he was forced.
grandma isnt competent to make investment decisions that concern her nest egg. privatization could not pass a republican congress during boom times. how could it possibly pass after the crash. use your head to think for once.
With the country as deep in trouble as Obama put it, and with their power so reduced, Repubs will oppose almost everything that comes out from the other side to keep some sort of balance. Tricky, but true. That's why I'm an Independent.
Let's not start insulting each other, stupid, OK? No, really, grandma or her son would have the option of putting her money in Treasuries and the like, like millions do today. No one says go give it to Madoff's gang. I mean, she still drives, right? That's a lot more dangerous for her and others around her. I manage my 85 yo father in law's money. He made decent returns each of te last few years, including 2008. It's not rocket science, just be prudent and don't gamble.