> who will end up paying for this when the person who really needs the money makes   who will end up paying for this when the person who really needs the money makes   who will end up paying for this when the person who really needs the money makes  

> who will end up paying for this when the person who really needs the money makes terrible investment decisions and loses it, or just blows it?  Either they will jump through the endless hoops of government, churches or community action groups. Or they will suffer want just like they do now. Nothing changes there. who will end up paying for this when the person who really needs the money makes terrible investment decisions and loses it, or just blows it?  Either they will jump through the endless hoops of government, churches or community action groups. Or they will suffer want just like they do now. Nothing changes there. who will end up paying for this when the person who really needs the money makes terrible investment decisions and loses it, or just blows it?  Either they will jump through the endless hoops of government, churches or community action groups. Or they will suffer want just like they do now. Nothing changes there.

> or just blows it This should not happen. Payroll deduction should take place just like SS except the money should be redirected to the investment fund of ones choice. Hopeful, if this practice does begin, there will be investment education in the schools. I have long envisioned investment bankers, stock brokers, bond managers and the like will coming into the junior high or high school classrooms to provide education in these areas. We do a horrible job of real world education in economics presently. or just blows it This should not happen. Payroll deduction should take place just like SS except the money should be redirected to the investment fund of ones choice. Hopeful, if this practice does begin, there will be investment education in the schools. I have long envisioned investment bankers, stock brokers, bond managers and the like will coming into the junior high or high school classrooms to provide education in these areas. We do a horrible job of real world education in economics presently. or just blows it This should not happen. Payroll deduction should take place just like SS except the money should be redirected to the investment fund of ones choice. Hopeful, if this practice does begin, there will be investment education in the schools. I have long envisioned investment bankers, stock brokers, bond managers and the like will coming into the junior high or high school classrooms to provide education in these areas. We do a horrible job of real world education in economics presently.

> I believe it is common sense that many, many people will blow this money and taxpayers will end up actually paying this money twice I believe it is common sense that many, many people will blow this money and taxpayers will end up actually paying this money twice I believe it is common sense that many, many people will blow this money and taxpayers will end up actually paying this money twice

They won't blow it, see above. It may actually increase home ownership(in theory). The taxpayer paying twice for some percentage of the population won't be anything new or more burdensome.

> I also believe that those who will benefit the most from this are the well off who already have the opportunity to make wise investments. I also believe that those who will benefit the most from this are the well off who already have the opportunity to make wise investments. I also believe that those who will benefit the most from this are the well off who already have the opportunity to make wise investments.

Of course. Even though I believe this should(not will) be of huge benefit to the working population, you have to keep in mind events like the savings and loan or worldcom debacles. I might add that some way some how, the consumer pays for all that in the end too.

My suspicion is that this is being promoted as a way to diminish the amount of 'obvious dislocation' associated with the impending SS and medicare cutbacks greenspan has been warning about. In other words somehow or other it will be used as a plausible denial of the 'it's not really our fault', 'just a temporary unexpected side effect' sort of malifying tactic

> In other words, some sort of program like the FDIC would probably be wise. In other words, some sort of program like the FDIC would probably be wise. In other words, some sort of program like the FDIC would probably be wise.

It's not necessary with the payroll deduction mandate mentioned before. All it would do is put more hands in the pot, diminishing everyone involveds return; AND INSURE another level of shinnanigans has a place to be played. Bureaucracys are not to be trusted, they grow and muck up the works.

BUT UNDOUBTEDLY, the Social Security Administration personell will need to be saved(such a shame really) and will end up fiddling in the privatization project. It's not like SS Admin is going to disappear any time soon. Again such a shame.

< Then there is the whole idea of how SS works and how most don't even understand the SS process and concept.

Why do you suppose that is, what with all these great government schools? Why aren't those students thoroughly educated about how their hard work is going to be wasted; while the people doing the mismanagement will be untouchable(accountability wise) and have vastly superior wages, benefits and retirement than the vast majority of the working populace those students will be part and parcel of.

What a country