Wednesday, September 8, 2010

Roy Blunt and Social Security

Roy-boy has two positions on social security---phase out program and or privatazion


here are a couple comments:

“[The private Social Security accounts proposal] is a transition for younger workers. It might have been better if we had done it quicker, like a decade, decades ago, but we didn't.” [CNN, 11/10/04]

“Blunt favors personal accounts that would allow workers to invest up to 4 percent of their salary in a diversified, low-cost mutual fund of stocks and bonds.” [Springfield News-Leader, 3/30/05]
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since running for senate, Roy-boy is silent on the subject

remember, ten trillion dollers of wealth gone in last wall street bubble burst. How much do you believe would be gone if massive amounts of social security funds were in stocks?

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