Uhhhh, and why should we let them take a % of our SS and put it in the stock market? Uhhh it could go up, yet those crooks could steal it back again and we could bail them out once more, Let's see, 11,12,13,14,15,16,17,18 trillion and counting. when do we just say, yup, we're bankrupt and start over, nationalize the oil and energy companies, the stock markets and get rid of all the "money changers". Why should someone with a high fallutin degree on wall street be allowed to steal grandma and grandpas money, and walk with millions/billions?
There is no 'them', it would be your choice to do as the one who earned the money in first place to decide. Heaven forbid.
Actually, I believe they hadn't got around to deciding how they were going to take a % of your money or how much you could invest, but from the looks of the stock market, I'll bet most of us are glad they didn't get a bill a few years back when they (The Republicans) tried to foist one off on us.
Actually I'm rather pissed off. Even after all the rather dramatic decline in the DOW its likely I'd be up based on some of the picks I made a few years ago when I was limited to just dabbling in the market due to financial constraints.
Oh well, they didn't and anyway, no one is stopping you from putting all you want in the market, go ahead and buy in. Now may be a good time, and or it may not. That is the problem with the market. It is gambling. A little correction and all your gain is wiped out. Basically all you'd have gained in the last 4 years would be gone baby gone.
is that what the final bill says no cronies can reach in the til and take
No, it's not gambling, not if you are actually investing instead of speculating.
No, it's not idiot-proof. You see, some how the idiots found a way into power, and they raided social security to make up for the deficit.
what if i gamble wisely and win , and someone else bought aig lemans .
Look dude, I live in Nevada, Las Vegas, home of gambling. I grew up here, I certainly know what gambling is, and I've owned three businesses, one successful two not, so I also know that opening a business is a gamble. You may ask what caused my 2 out of three to fail, undercapitalization, that's right, I didn't have enough money to keep them afloat. There's the rub. Example: I was the superintendant on a few high rise buildings in So Cal. nothing major just 3-5 story hospitals, banks, industrial and commercial office buildings etc. I tried to get a subcontractors licence but found that to bid on the same jobs I had taken out of the ground as the concrete superintendent, I'd have to get a 500,000 bond. To get that, you had to come up with 10% cash and have the rest in collateral, thereby taking me out of the race. The poor man starts out handicapped from the gates. Where was I going to get 500,000 of collateral. I certainly could have done the job, I had successfully completed many buildings in my tenure as the "guy" who got the plans dropped on me and called the backhoe and started the ball rolling and finished it up, from start to finish, I was the guy that dealt with everything on the job. My boss was the proverbial money man, (I made that man over 1 million bucks) nice guy, but when it came time for him to retire, guess who got the business, that's right, his son, a lazy dolt that had to hire a guy like me to run the field operations. I had quit by this time and moved on to my own business, a gas station.