General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAbout the continuing tanking of the stock market
didn't Ryan want us to invest our Social Security taxes in the stock market?
Would love to hear someone asking about it.
JNelson6563
(28,151 posts)Of wait, nevermind.
BigmanPigman
(51,609 posts)JNelson6563
(28,151 posts)Farmer-Rick
(10,185 posts)Someone will be held accountable and it wont be them.
Achilleaze
(15,543 posts)imanamerican63
(13,798 posts)But very !
question everything
(47,486 posts)LuckyCharms
(17,444 posts)The stock market is a bad risk for anything that should be a guaranteed benefit, especially in the shorter term. And in a crash, recovery can take years. If those years happen to fall during your own crucial retirement time, you're screwed because you can't wait for the recovery.
YessirAtsaFact
(2,064 posts)1-It was ripe for a correction because it was over valued
2-The market hates uncertainty
3-Theres a complete idiot in the White House monkeying with tariffs,etc and he hasnt got a clue as to what hes doing
Wellstone ruled
(34,661 posts)by the President of the United States. Lou Dobbs strick's again.
MiniMe
(21,717 posts)That was of course before he tanked the market
question everything
(47,486 posts)Ryan's controversial Social Security plan he doesn't discuss
http://money.cnn.com/2012/08/14/news/economy/ryan-social-security/index.htm
NEW YORK (CNNMoney) -- Representative Paul Ryan has long wanted to let Americans invest part of their Social Security taxes in private investment accounts.
After legislation he co-sponsored in 2005 went nowhere, Ryan included a detailed plan to privatize Social Security in his budget proposal in 2010. Under that plan, he would allow workers to funnel an average of roughly 40% of their payroll taxes into personal retirement accounts.
Mitt Romney, who chose the Wisconsin lawmaker as his running mate on Saturday, has also voiced support for private accounts. He has said he likes the idea of allowing people to put some of their funds in accounts with higher returns than Social Security.
Also
https://thinkprogress.org/if-social-security-had-been-in-private-accounts-the-stock-market-drop-could-have-been-a-disaster-b463b277cdfb/
In June, presidential candidate Jeb Bush said that he thinks the next president will have to try to privatize Social Security. Others have gotten behind the idea as well: Sen. Rand Paul (R-KY) drafted a plan in 2013 that included partial privatization, and Sen. Ted Cruz (R-TX) is in favor of using private accounts. Rep. Paul Ryan (R-WI) has included privatization in his budget blueprints.
rock
(13,218 posts)See what I did there? (I'll bet you get this a lot.)
question everything
(47,486 posts)a username and password and I am caught off guard.
I joined in 2004 after the Supreme Court gave Bush the presidency and with not much hope for winning in 2004. Many said that "you do not change the leaders in a middle of a war." Ha! In hindsight, always 20/20, had we won with our Kerry/Edwards ticket we would have been caught with a v.p - Edwards - cheating on his wife and on us. And I was his supporter then!
But since then I find myself often questioning not only what the RW say, but also what I often opinions on these pages. The refusal to hear what others say - in our own camp - to be able to rebut then in the real world debates. We've changed the jury system so we are not expected to add our reason for the up or down vote. I always used to add my explanation and in many cases it would be: this is a discussion group; rebut.
A long reply to a simple answer