Comments on: Social Security Part D http://unrepentantindividual.com/2006/01/23/social-security-part-d/ ...the only me I know Thu, 02 Jul 2009 21:38:11 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Blueprint for Financial Prosperity http://unrepentantindividual.com/2006/01/23/social-security-part-d/comment-page-1/#comment-3296 Blueprint for Financial Prosperity Wed, 25 Jan 2006 04:14:21 +0000 http://unrepentantindividual.com/?p=600#comment-3296 <strong>Carnival of the Vanities - Jan 25th 2006 Edition</strong> The Carnival of the Vanities makes a brief one-week stay here at my humble blog and I’m glad to be able to present so many interesting articles. I won’t spend any more time fluffing it up, here is a nice collection of 43 posts representing ... Carnival of the Vanities – Jan 25th 2006 Edition

The Carnival of the Vanities makes a brief one-week stay here at my humble blog and I’m glad to be able to present so many interesting articles. I won’t spend any more time fluffing it up, here is a nice collection of 43 posts representing …

]]> By: Uncle Jack http://unrepentantindividual.com/2006/01/23/social-security-part-d/comment-page-1/#comment-3294 Uncle Jack Tue, 24 Jan 2006 20:29:15 +0000 http://unrepentantindividual.com/?p=600#comment-3294 Have you watched "The Presidents" on the History Channel? Every one of those guys who sold the country (and genuinely believed) in smaller government before going into office increased the size of government while he was in, bar none. There's a real ugly potential from this line from your post: "You won’t have freedom to invest as you see fit. It may be an account with your Social Security number on the file folder, but it’s not your property. The government isn’t going to let you day-trade it. The government probably won’t even let you pick individual stocks to invest in. At best, you’ll have your choice of certain “approved” mutual funds." Everyone with an ounce of smarts will choose the option with the most risk, even if it is an index fund representing the whole market, and no matter at what age they enter. The potential shortfalls of return could be a lot worse than merely overpromising and underdelivering with our current system. I'm hoping for a do-nothing approach and a system-wide collapse that includes widespread social unrest. Now there's something you'll pay to see on television! Uncle Jack Have you watched “The Presidents” on the History Channel? Every one of those guys who sold the country (and genuinely believed) in smaller government before going into office increased the size of government while he was in, bar none.

There’s a real ugly potential from this line from your post:

“You won’t have freedom to invest as you see fit. It may be an account with your Social Security number on the file folder, but it’s not your property. The government isn’t going to let you day-trade it. The government probably won’t even let you pick individual stocks to invest in. At best, you’ll have your choice of certain “approved” mutual funds.”

Everyone with an ounce of smarts will choose the option with the most risk, even if it is an index fund representing the whole market, and no matter at what age they enter. The potential shortfalls of return could be a lot worse than merely overpromising and underdelivering with our current system.

I’m hoping for a do-nothing approach and a system-wide collapse that includes widespread social unrest. Now there’s something you’ll pay to see on television!

Uncle Jack

]]> By: Wulf http://unrepentantindividual.com/2006/01/23/social-security-part-d/comment-page-1/#comment-3288 Wulf Tue, 24 Jan 2006 03:46:53 +0000 http://unrepentantindividual.com/?p=600#comment-3288 Short answer: No. I don't trust them to do a single government shrinking thing. I believe that if this administration does something in accordance with the small-government agenda of most GOP voters, it is incidental. Or accidental. Nice analysis, btw. Short answer: No. I don’t trust them to do a single government shrinking thing. I believe that if this administration does something in accordance with the small-government agenda of most GOP voters, it is incidental. Or accidental.

Nice analysis, btw.

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