Topic: Barack Obama
Gambling With Social Security 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.
Did you like this article? If you did, Thumb It! 3 thumbs so far
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.
Want to comment on this
article? Leave your comment here. Your email address is
required to track your comment. However, we will neither
publish your email address nor distribute it to other
organizations or persons. The only reason we might use
it would be if we needed to contact you regarding your
comment. All comments are subject to our
terms of use policy.
