Willisms
Navigation

Buy WILLisms

XML Feed


Featured Entries

The Babe Theory Of Political Movements.
Mar. 21, 2005 11:50 AM

Iran's Sham Election In Houston.
June 20, 2005 5:36 AM

Yes, Kanye, Bush Does Care.
Oct. 31, 2005 12:41 AM

Health Care vs. Wealth Care.
Nov. 23, 2005 3:28 PM

Americans Voting With Their Feet.
Nov. 30, 2005 1:33 PM

Idea Majorities Matter.
May 12, 2006 6:15 PM

Twilight Zone Economics.
Oct. 17, 2006 12:30 AM

The "Shrinking" Middle Class.
Dec. 13, 2006 1:01 PM

From Ashes, GOP Opportunities.
Dec. 18, 2006 6:37 PM

Battle Between Entitlements & Pork.
Dec. 21, 2006 12:31 PM

Let Economic Freedom Reign.
Dec. 22, 2006 10:22 PM

Biggest Health Care Moment In Decades.
July 25, 2007 4:32 PM

Unions Antithetical to Liberty.
May 28, 2008 11:12 PM

Right To Work States Rock.
June 9, 2008 12:25 PM



Donate





Links

Blogroll Me!







Search



Archives

July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005
April 2005
March 2005
February 2005
January 2005
December 2004




Social Security Reform Thursday.
March 13, 2008

Caption Contest: Enter Today!
Due: July 29, 2008

The Carnival Of Classiness.
Mar. 14, 2006

Quotational Therapy: Obama.
Apr. 4, 2008

Mainstream Melee: Wolfowitz.
May 19, 2007

Pundit Roundtable: Leaks.
July 9, 2006

A WILLisms.com(ic), by Ken McCracken
July 14, 2006




Credits

Powered by Movable Type 3.17
Site Design by Sekimori




WILLisms.com June 2008 Book of the Month (certified classy):











The WILLisms.com Gift Shop: Support This Site

giftshopbanner.gif











This Week's Carnival of Revolutions: carnivalbutton.gif



Carnival Home Base: homebase.gif

























Willisms

« Blogging's Awesomeness: The World Becomes One Community. | WILLisms.com | A Message To Squeamish Republicans On Social Security: Reform Is Good Politics. »

Social Security: Luddite Reactionary Liberals Receive $50 Certificates For Stuffing Money Into Mattresses.

Some of those opposing Social Security reform seem to have a bizarre aversion to markets.

It's as if, despite their own assets actively earning compound interest in stocks, bonds, mutal funds, and other investments, they believe those options are too "risky" for everyone else.

Not only this, but no legitimate reform proposal includes allowing people to "gamble" their money, so their claims are even further disingenuous; the personal accounts would be more like the Thrift Savings Plan available to Federal employees, where individuals can choose among a handful of relatively safe options. In other words, the personal accounts would be safe. They would be broadly diversified and not at all susceptible to "another Enron." And they would certainly earn a better rate of return than the current system.

Democrat seem to believe that stuffing money away for retirement is better policy than allowing the greatest free enterprise system in the world to grow the money.

Well, Americans For Prosperity has decided to poke fun at the mattress-stuffing mentality of Democrats by sending key Democrats in Washington, as well as the head of the AARP, $50 gift certificates for Mattress Warehouse:


Click for press release.

“The current Social Security system only provides retirees with a 1-2 percent return on the payroll taxes they have taken from them throughout their lives,” said Americans for Prosperity President Nancy Pfotenhauer . “That's like saving for retirement by stuffing money in a mattress instead of wisely investing in safe, diversified index funds over 30 or 40 years. If these officials are so enamored of ‘mattress-stuffing' retirement planning, I hope they'll use these gift certificates toward the purchase of mattresses in which they can store their own retirement savings instead of growing their money in sound, safe investments like mutual funds or 401(k)'s.”

Posted by Will Franklin · 15 March 2005 06:28 PM

Comments

The social security system is a great example of what a socialistic society represents! It represents very little security for those of us who count on this to take care of us. SOCIALISM IS LAME. SOCIAL SECURITY IS THE LAMEST.

Being forced to invest in social security doesn't pay. FDR was an experimenter and would have advocated change to a bad program, why can't the current dems (demwits)?

Posted by: Former Dem at March 17, 2005 07:30 AM