Hillary on Social Insecurity

[jcscuba]

Soc.Sec. one of greatest inventions in American democracy

Q: What would you do to fix the problems with Social Security?SPENCER: I would support the concept, that Sen. Clinton calls ruining Social Security, that we can do better than making 2%, as it does now. We should look at various programs that allow people some control over their money, with protections & caps. They call that privatizing to scare everybody away, but the bottom line is working together so younger generations can make more than 2% on Social Security.
CLINTON: Social Security is one of the greatest inventions in American democracy, and I will do everything possible to protect & defend it, starting with getting back to fiscal responsibility, instead of borrowing from the Social Security trust fund. We need to provide some additional opportunities for people to invest, on top of their base guarantee of Social Security, more of a chance to build their nest egg. The risky scheme to privatize would cost between $1 and $2 trillion. That would undermine the promise of Social Security.



Where does she come up with the $1 and $2 trillion dollar cost for privatizing the risky scheme. Social Security is an extorted Ponzi Scheme, if you or I tried to sell it we would go to jail.

Source: NY 2006 Senate Debate, at University of Rochester Oct 22, 2006

[nohil-billy]

How about a compromise. We privatize social security and put Hillary in charge. She invests it all in cattle futures. SAVED!!!