Just was wondering how McCain thinks the stock market is the solution to social security. Let alone would this not be text book communism?
McCain thinks that because he doesn't understand anything about monetary or fiscal policy. He is in fact, a huge buffoon when it comes to economics. and based on recent comments, Obama is a fool just like him.
Social Security is broken, period. The current system gives you a 2% annual nominal return and devalues the dollar by 20%. That's like losing double-digits every year. If it had been regularly invested in the stock market, it wouldn't even look that bad. Either way, you won't get any good returns out of a government "investment" program. We're just transferring a child's responsibility to his/her elderly parents or grandparents with a mandatory participation bureaucracy.
Social security has gotten to the point where I am not expecting a single cent from it so I took the initiative to start saving for retirement on my own. I don't know what the solution to fixing SS is, but I am confident that our government leaders don't know either.
Well his limitations are not limited to just economics, how about energy? You don't cure a drug addict by giving him more drugs. McInsane's formula to everything is just keep doing what you are doing X100
And that relentless selling pressure hasn't gotten-off .........painful days ahead......Commodities however are doing well...........Dollar is weak again.