What's the bigger "gamble"? The stock market or Social Security? by Maria Folsom
(libertarian)
Saturday, September 20, 2008
"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.
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The views expressed
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do not represent the views of Nolan Chart, LLC or its affiliates.
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