Social Security (Ecolanguage)

Great video, I just found this again after seeing it about a year ago..

The bail out was a result of the parasite of a social government that almost killed its host. The central banks wrecklessly low interest rate coupled with congressional mandates to loan to dead beats was about all the tampering with the free markets that the free markets could take. By almost killing the host the government realized it had to give back some blood...only having spent it all the gov borrowed from the future so as to not face the music now. Just like the pyramid scheme SS program

Well you must believe it's all the government's fault. It's part of the absolute theology of libertarianism.

True free markets dont need government bail outs! You must not understand the Austrian Business Cycle and how central banks always cause recessions world wide over and over again. Yes I know the government caused this mess and yet they have the audacity to come in and claim they are saving the day....!

Then after this financial crash, things would still be in bankruptcy courts right now -- and until it was sorted out, most people wouldn't have a bank account, a payroll, or a viable mortgage. They would be living on the street, trying to barter all their possessions, and the economy would be stopped dead.

Currently the IRA/ Roth IRA cap is around $5,000 per yr. Option 1. Double it and let people take thier SS tax and employer tax and put it in a IRA or Roth IRA. Or 2. let them double what they are putting into SS. Or 3. Let it stay the same.
Hummm! What will people choose? Freedom and weath or more of your percieved paradise? Why would you be affraid of this proposition? Surely the people would shun the ugly market? Right? Ha! SS couldnt allow that any more then N Korea could open its borders!

Double or triple the IRA cap and then leave Social Security alone. Oh they'll run with open arms to Wall Street, to be bailed out in the next bubble. It's not an investment program, it's the safety net.

We just bailed out the financial investment markets. A lot of people lost money and property values, and are now more dependent on Social Security.

Social Security is just a safety net.

We also make everybody drive on only one side of the road, and stop at the red traffic lights. Yet somehow we haven't turned into North Korea! Find something else to worry about.

You seem to evade the question of letting the people decide and have the freedom to opt out of SS and put that same money in Private S&P accounts. Sure the market lost money, basic econ 101 will tell you that there will always be loses but it also shows us that in no 20 yr period has the market ever lost money the great depression included. Long term S&P outproforms SS rediculously. But if you think that SS is so much better then why are you affraid to let people decide for them selves.

You have to learn about risk. Stocks out perform bonds but not everyone wins at stocks. Some people lose. In a downturn, even on indexes. According to a Wall Street Journal report, 1/2 to 3/4 of all retirees will break even or lose compared to the return on Treasuries. That's life.

Social Security is a return guaranteed at the Treasury rate.

Want to end Social Security? Start a political party to do so. I won't be joining, it would be the destruction of the U.S., but it's a free country.