[QUOTE=RIJIMMY;810465]
Quote:
Originally Posted by Jim in CT
Let me put my contributions into an S&P 500 Index fund, I'll have 5 times the nest egg that I'd have if you put it in t-bills. At the state and local level, SOMEBODY NEEDS TO HAVE THE COURAGE TO SAY "NO MORE!!" to municipal unions.
QUOTE]
Im in an uncomfortable place here, I hope you guys dont think im turning lefty. I agree with alot of what Jim said,,,,,,except the comment above. Why?
If the above happened, I would never work again for the rest of my life.
Why?
If an SP 500 index fund was offered as an option for SS investments. The stocks in the SP 500 would go through the roof, guaranteed! I would take out every loan I could and put it all in an SP index fund and after a few months that the program was open, sell it all and make a fortune. Understand?
Markets are supply and demand and having that volume of cash pumped into the stock market would make prices soar
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I'm pretty sure that the head of SEIU suggested recently that the govt. begin to use ss reciepts to purchase stocks...talk about picking winners and losers...
I forgot that Andy Stern was on the debt commission, another reason that it's a joke...
http://news.firedoglake.com/2010/07/...-stock-market/