Privatizing Social Security and War

[Anonymous]

Are not the events of last week (and the market this week) a perfect reason why social security should not be privatized?

[The Mister]

No.

[Jala]

I agree with The Mister. (There may be reasons why it should not be privatized, but this is not one of them.)

[independent]

The events of this week - the big drop in the stock market - make it less likely that SS will be privatized. That may be good or bad, depending on your views.

This week highlights the fact that the market goes up and down based on upredictable events and human emotions. Before this, some Americans (presumably, no one on this board) thought that the market could only go up, with just an occaisional speed bump.

The decision to put lots of money into various "war-related" activities also soaks up the money that might have gone into individual accounts.

[Anonymous]

In fact, you could argue that it's evidence FOR privatization. Notice how quickly we spent our "lockbox" on preparing for war.