I don't pay into ss...but a big chunk does go into TRS (our own retirement system), which does make private investments...
Big difference...we vote on the people who will manage our money. Whoever the president is will appoint someone to do likewise. If it's this crowd, SS money will go to Halliburton, Betchel, Harken and Enron. having the government set up individual accounts will have one of three results:
1. A much more expanded bureaucracy. all of those people need their accounts taken care of individually, and expect that kind of service. since the government is doing that now, we need to spend some tax loot to provide for this.
2. Inadequate care. Hey, who wants more red tape? just staff these new services with the bare minimum, because we need to SAVE our tax dollars and not waste them on government suits. result...I can't manage my accounts on account of someone at the SSA being swamped.
3. The worst of both worlds. Conservatives love to talk about total waste of resources that serve no purpose, and honestly, they've been right before. It could happen here.
You mean to tell me that 70 years after FDR implemented the most ambitious series of progams that saved American Capitalism from an endless depression and likely revolution, Republicans...The same ones that said they appealed to the "Roosevelt Democrats"...are going to piss on his grave?
The first question that comes to mind when tax money is spent privately should be "Who's getting rich off this?"
Republicans say that big government doesn't work...and then they get elected and prove it.