It is worth remembering that government counts and impacts Cubicle Warriors. In 2005, George W. Bush wanted to privatize Social Security — because the returns in the stock market would be so much better than what government could provide. He made a serious run at turning the responsibility of getting Social Security returns to the whims of the stock market.
In 2008, the stock market dropped almost 40%, delaying the retirement plans of millions. We had twenty some banks fail, gave billions and billions to banks and insurance companies to pull them away from bankruptcy. And bailed out the auto industry.
Imagine, if you will, having your Social Security hanging in there right along with your 401(k) and IRA’s.
How would you think that would have worked out?
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