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Privatization Of Social Security Is A Great Idea

Yesterday was the 75th anniversary of the enactment of Social Security. We can debate the need for such a program, but we have it and likely will until it becomes so insolvent that it can't be delivered anymore.

That said, President Obama vowed to fight the "mean Republican's" attempt to privatize the program. While this is not unexpected from a Progressive like the President, privatization would be a major step in the right direction to do so.

It's a shame, but free enterprise and privatization have gotten bad reps.

This country was built on free enterprise and, if it is to survive, it will do so on free enterprise.

Government produces nothing. It raises no money through the sale of goods and services except user fees.

Having government programs run by private enterprise shifts the financial burden away from government and allows them to run profitably - many local governments are now finding this out.

It would be great if the new Congress that we elect in just 78 days would grasp this concept and draw the line at anymore unneccessary government spending.


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Comment balloon 3 commentsKevin Robinson • August 15 2010 11:44AM


About 10 years ago, I started doing my OWN retirement privatization with DRIP stock investing.  Although I get SS# from my days as an employed salaried property manager, I started investing for fun and now have a nice portfolio of HIGH DIVIDEND NASCAR stocks that are fun to watch and which will generate income if and when I need it.

Real estate agents are the FIRST ones who need a retirement plan outside of government control!

Posted by Wallace S. Gibson, CPM, LandlordWhisperer (Gibson Management Group, Ltd.) almost 9 years ago


Thank you for reblogging this post and for supporting free enterprise. :)


Posted by Steve Hoffacker, Certified Aging In Place Specialist-Instructor (Steve Hoffacker LLC) almost 9 years ago


The money just isn't there. Through a great sleight of hand it appears to be there. :)


Posted by Steve Hoffacker, Certified Aging In Place Specialist-Instructor (Steve Hoffacker LLC) almost 9 years ago