Riddle me this! What government program, mostly funded by the poor, gives more benefits the longer you live? It’s slanted towards those who have had the benefit of health care all their lives (not the poor), those people who live longer. For those who paid in all their lives and died young, without the benefit of health care, the money simply disappears into thin air and the program is useless to them. Of course, the program in question is Social Security.
Private accounts could very well be the end of poverty in America, and yet there is so much opposition from Democrats, the self-appointed protectors of the poor. What is the issue with liberals? Junk Bonds are too risky for retirement accounts. What an epiphany! This is the level of incompetence that, in part, runs our government.
The real truth about the markets is very easy to grasp, and here it is. Never, NEVER has the market been down over a life time. For the mathematically challenged, here it is again, over a span of 40, 50, 60 years – the market has never been close to where it started. That means when you leave college at 25 and retire at 65, you are guaranteed, GUARANTEED to see your portfolio to increase at least twice the level of inflation.
The #1 enemy to the liberal establishment is private accounts. Imagine how terrible it would be if a high school dropout who worked 2 or 3 jobs in his life, accumulated a good amount of wealth? While he might not be able to use it, his children or grandchildren could use to pay for a college education that otherwise would not be possible.
OK, there are some skeptics who cling to the belief that our current 10,000 level of economic growth could easily drop to the 1,000 level if it was 40 years ago. Let me calm your irrational fears, for if we were to lose 90% of our entire country, we would still have a lot more problems to worry about than not getting a retirement check. That is why they call it a post-apocalyptic world.
The truth is, Democrats need high interest rates, high unemployment and American soldiers to die in service to their country just to stay even in the polls, and in the elected offices. They absolutely cannot tolerate successful Americans. It would be the death of the model the DNC has created for itself, ‘give the man a fish for a day, so he will need you again tomorrow.’
Posted by Right Thinker in Words