"I know Sen. McCain is talking about a 'casino culture' on Wall Street -- but the fact is, he's the one who wants to gamble with your life savings and that is not going to happen when I'm president. When I'm president, we're not going to gamble with Social Security."
Senator Obama said this in Florida this weekend, according to CNN.com.
Think about this. With Social Security as it currently exists, the average American will not even get back what he/she has paid into this Ponzi scheme. In the stock market, he will probably get positive returns on his investment over the same period of time, despite what's happening now on Wall Street.
Gambling? Maybe Senator Obama has a point: with Social Security we are NOT gambling - it's a sure loss.
©2008 Maria Folsom, all rights reserved. You must have written permission from the author in order to republish this work.
Published: Saturday, September 20, 2008
Last modified: Saturday, September 20, 2008
The views expressed in this article are those of Maria Folsom only and do not represent the views of Nolan Chart, LLC or its affiliates. Maria Folsom is solely responsible for the contents of this article and is not an employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.
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