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Obama Announces "MyRA" plan
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<blockquote data-quote="vantexan" data-source="post: 1266996" data-attributes="member: 24302"><p>When I hear conservatives(and I'm one) start talking about Social Security going bankrupt, I can't help but feel that they 1) Want to privatize it so that all that money will flow into the stock market, making them that much richer, and 2) They don't want to pay the matching funds to SS, making them that much more profitable. When the SS fund dries up employees will still be paying SS taxes, and their employers will still be paying the matching funds. All that is needed is some adjusting, such as means testing. And the political will to do it. When the rich start talking about how privatizing is a good deal, they mean it's a good deal for them.</p></blockquote><p></p>
[QUOTE="vantexan, post: 1266996, member: 24302"] When I hear conservatives(and I'm one) start talking about Social Security going bankrupt, I can't help but feel that they 1) Want to privatize it so that all that money will flow into the stock market, making them that much richer, and 2) They don't want to pay the matching funds to SS, making them that much more profitable. When the SS fund dries up employees will still be paying SS taxes, and their employers will still be paying the matching funds. All that is needed is some adjusting, such as means testing. And the political will to do it. When the rich start talking about how privatizing is a good deal, they mean it's a good deal for them. [/QUOTE]
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