La Cucaracha by Lalo Alcaraz for August 27, 2011
August 26, 2011
August 28, 2011
Transcript:
Vero: Imagine if they put all the social security funds in the stock market. Eddie: Nah. They should put that money in a safer place. Like an abandoned well... Or a working blast furnace.
lewisbower over 13 years ago
They put Social security in T_Bills. What they making now?The Stock Market historically only returns 11%. Mind you, that’s an average. Course if you don’t pull it out in bad times, you will easily beat that average. Don’t tell anyone.
Christopher Shea over 13 years ago
And what happens if the stock market tanks (probably because a Republican got elected president) just as you’re about to retire? When I was in high school, we got taught about the “three-legged stool” theory of saving for retirement — you’d be supported by your work pension, your own savings and investments, and Social Security. Some people apparently want to go back to the “one-legged stool” plan.
rekam Premium Member over 13 years ago
Thanks. You read my mind! Would be just wonderful if the government would stop raiding it. I’ve said that for years.
Spyderred over 13 years ago
The government regularly takes all the money from social security, places it in the general fund, then gives the “trustees” of social security unmarketable IOUs in place of the fund. Problem is those things are coming due and the feds want to welch, so the way to do it is claim social security is bankrupt — like it’s not the feds fault.