Sunday, July 11, 2010

Regardless of party or other issues, which Presidential candidate's Social Security Reform Plan is the best?

Personally, I like Huckabee's plan the best; he is flexible and yet visionary. Figures that the media puts his ideas at the bottom.





http://finance.yahoo.com/focus-retiremen...

Regardless of party or other issues, which Presidential candidate's Social Security Reform Plan is the best?
I like Ron Paul's..





This is his solution:


"We’ve all heard proposals for “privatizing” the Social Security system. The best private solution, of course, is simply to allow the American people to keep more of their paychecks and invest for retirement as they see fit. But putting Social Security funds into government-approved investments could have dangerous consequences. Private companies would become a partner of sorts with the government. Individuals still would not truly own their invested Social Security funds. Payroll taxes likely would be raised to cover payments to current beneficiaries, as the President alluded to when warning us that fixing Social Security would be “costly.”





Furthermore, who would decide what stocks, bonds, mutual funds, or other investment vehicles deserve government approval? Which politicians would you trust to build an investment portfolio with billions of your Social Security dollars? The federal government has proven itself incapable of good money management, and permitting politicians and bureaucrats to make investment decisions would result in unscrupulous lobbying for venture capital. Large campaign contributors and private interests of every conceivable type would seek to have their favored investments approved by the government. In a free market, an underperforming or troubled company suffers a decrease in its stock price, forcing it either to improve or lose value. Wary investors hesitate to buy its stock after the price falls. If a company successfully lobbied Congress, however, it would enjoy a large investment of your tax dollars. This investment would cause an artificial increase in its stock price, deceiving private investors and unfairly harming the company's honest competition. Government-managed investment of tax dollars in the private market is a recipe for corruption and fiscal irresponsibility.





The Social Security crisis is a spending crisis. The program could be saved tomorrow if Congress simply would stop spending so much money, apply even 10% of the bloated federal budget to a real trust fund, and begin saving your contributions to earn simple interest. That this simple approach seems impossible speaks volumes about the inability of Congress to cut spending no matter what the circumstances."





source:


http://www.lewrockwell.com/paul/paul215....








Our government has spent billions of dollars overseas, yet social security is going bankrupt and the number of baby boomers is estimated to double. If we had followed Paul’s plan of keeping our own money in a savings account specifically for retirement, with no government intervention… then the current presidential candidates wouldn’t be debating whether or not to, tax us more, just so we could get our own money back..
Reply:Ron Paul... I don't know about you, but I'm younger, and from what teachers have ALWAYS told me... I'm NEVER going to see a dime of all this money I give to the social security fund.





It wouldn't make me THAT mad, until I heard that congress uses a LOT of the money we put into the SS fund, so on top of a failed program that we put up on a pedestal, our government is BANKRUPTING it for us!





I want OUT, and Ron Paul would give me that option. I don't think you can call me a bad person for wanting to invest in my own future myself... I don't need or want the government forcing me to let them 'help' me, by taking my money and spending it behind my back.





'Nough Said!
Reply:Surprisingly enough the candidate that has had some of the best ideas has been the most silent about it.





I like Fred Thompsons plan for Social Security Reform.
Reply:It would have to be Hunter. His plan appears to be the best one that would intergrate all generations without harm to those who are currently collecting.

dds

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