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Reply #20: They won't gamble it away. [View All]

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pa28 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-22-10 01:18 AM
Response to Reply #1
20. They won't gamble it away.
Edited on Wed Dec-22-10 01:21 AM by pa28
Once the SS trust fund is privatized they'll simply strip the value over a period of many years through fees which will in turn become bonuses.

We often hear that the SS trust fund is composed of "worthless IOU's" but you'll note that argument will disappear once privatization becomes a reality in one year or 10 years or however many it takes. The government will make good on that debt as financial institutions become the custodian.
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