John Sununu is trying to subsidize Wall Street - with your Social Security dollars! Not only has he supported the risky privatization of social security in the past, given the recent turmoil in the market, he is still behind this terrible idea.
What Sununu fails to realize is that markets go through cycles of ups and down. This guarantees that every few years, senior citizens will start to draw benefits during a market down-turn, and will receive lower benefits, simply due to the nature of the market.
Does it make sense to arbitrarily risk peoples Social Security benefits just at the point in their lives when risky investments are least recommended?
No.
John Sununu needs to think more about the well-being of senior citizens, instead of the well-being of Wall Street.
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