re: #160 goddamnedfrank

It’s a shit idea, exposing the SS system to the risks of the market. If it had been in play in 2008/9 many more people’s lives would have been destroyed. Many retired people worry because they have souls. They aren’t the purely self interested pieces of trash that the Republicans want them to be. They have children, spouses, siblings and friends that aren’t retired yet, so the “I’ve got mine, fuck everyone else” point of view doesn’t drive their every decision. I understand that you either can’t see this or don’t want to, and that’s sad because I think it should be obvious to anybody with a modicum of empathy.

Well, obviously you’d have to have safeguards, such as not allowing monies that would have other wise gone into Social Security to be used for risky investments such as derivatives. You’d also have to have more effective financial regulation than I believe we have right now. To my mind, before privatization could be really discussed, we’d have to have removed the problem of institutions that are ‘too big to fail’.

Interesting paradox, no? To privatize you have to regulate. Of course that won’t surprise you, Frank, but some people would suffer a rage paroxysm at the idea.