A Usenet persona calling itself BCITORGB wrote:

Scott:
=============
Also an abysmal failure, which is why Bush wants to let ME keep MY
money and
put it away MYSELF for MY retirement.
============

As someone - perhaps in this forum - so astutely observed; "the average
American can't even find Europe on a map, and now Bush expects them to
be able to manage a stock portfolio..."

Whether they are able to do so or not is far less important than allowing
them to try. The whole problem with the Social Security system is that it
presumes that NOBODY is smart enough to save their own money, and that only
the government is smart enough to manage retirement funds. Self-evidently,
the government is utterly incapable of properly managing people's retirement
funds, which is why Social Security will be bankrupt in a relatively short
time.

Sure, some people may screw up their own accounts, but once again, that's
THEIR problem, and the government needs to trust its own citizens and allow
them to make decisions, good or bad, about their retirement.


Interesting.... BTW, you must be under 55 then, eh Scott. As I
understand it (perhaps incorrectly), the Bush proposal affects only
those currebtly under 55.

Yup. But then again, I don't ever expect to see a dime from Social Security,
and never have. In fact, I don't even qualify for Social Security. I opted
out a long, long time ago, and I'm perfectly happy with that decision. I
provide for my own economic future, or not, and I don't expect the
government to bail me out or support me in my dotage.

--
Regards,
Scott Weiser

"I love the Internet, I no longer have to depend on
friends, family and co-workers, I can annoy people WORLDWIDE!" TM

© 2005 Scott Weiser