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Originally posted by Bad_Rich_Chic
Adder has my proxy on this one, apparently, but - the simple answer is that the stock market isn't the economy as a whole. It would be surprising if the stock markets didn't grow faster than the general economy, because it makes sense that people with excess capital to invest would choose invest it in the more efficient segments of the economy.
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Yes, I don't disagree. My point -- or Drum's, which I'm repeating -- is that since the projection that Social Security is troubled depends on a projected slowing of the economy based on demographic changes, it doesn't make any sense to sell privatization as if market returns will mirror what we've seen lately. If the economy is going to slow, it's going to slow.
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I'm suggesting it. Fuck my parents. Compared to me, compared to our entire generation, they're rich bastards, with their pensions and their medicare. Fuck 'em. Why should the working poor - even the working sort-of-rich like us - continue to subsidize what is now the richest segment of the population? (If the money was actually going to the poor and assetless who are no longer able to work, that would be an entirely different story. But by and large, it isn't.)
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Well, if George Bush had the courage of his convictions -- or yours -- he might propose what you support, instead of suggesting that we run huge deficits. Deficits that, unless you are much older than me, you and I will be paying down for quite some time after Bush has retired to Crawford.
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And, in case you missed the memo - no other generation is gonna pay for us, boyo. Someone is getting the shaft in this mess, someone is paying twice, and, frankly, I think I've already paid out quite enough for others to get a benefit I'm never gonna see.
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What Burger said. If the "problem" is that we're all living longer, let's tweak the system accordingly.
