Asus' FREE Speech Money Club

[shermann7]

That is a limited view. The govt needs to use those bonds to raise money. What if they were sold to China, and not the Social Security system. Then the govt would lose that money. On the other hand, it affords an income to the social security fund instead of China.

Preferrably, it would be ideal if the govt could start spending within its means. The youger generations are going to be penalized by our irresponsible spending practices.

Once again - My opinion on the Social Security debacle.

Social Security is a system that should be done away with. It will take a long time. The money people put in social security should be redirected to private retirement accounts that people can directly manage themselves. It is a false assumption to say that govt can do a better job of managing our money. Some people will not manage their money well, but that is just part of the nature of the beast.

The other key element of a private retirement account is that it can be passed on to other people upon their death. Social Security cannot.



Shermann