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Reply #21: Bush says he prefers that Americans have choice over their retirement [View All]

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lebkuchen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Mar-31-08 02:34 PM
Response to Reply #4
21. Bush says he prefers that Americans have choice over their retirement
However, many Americans are not educated about the markets, the markets are yoyoing drastically as I type, and what is certain is that we're all getting old, some of us are jinxed with bad DNA, all of us need medical care, many of us for life.

Why gamble with what is certain for the "luxury" of choice when all taxpayers foot the bill? "Choice" is just another name for "scam."

The German govt. doesn't want to get into a blame game when citizens guess wrong with their housing finances. The job of the German govt. is the health and welfare of its citizens, not Viva Las Vegas.

It is cheaper for the govt. (i.e. taxpayers) to have everyone housed and encouraged to save in ways that don't jeopardize their entire future rather than setting citizens up for possible failure and finger-pointing "sorry, you're up Shit Creek" later on.

Not everyone is as brilliant as you are when it comes to money.

Why should any country embrace a divide and conquer (of the weakest) system? What's wrong with building a system that guarantees the safety of all its citizens in their decision-making?
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