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Watching a recent news-talk show, I heard an executive from a Wall Street firm say that privatization of Social Security would help our economy by “generating” brokerage fees of maybe $60 billion in the next 30 years. He was a Bush campaign contributor, and I…
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Watching a recent news-talk show, I heard an executive from a Wall Street firm say that privatization of Social Security would help our economy by “generating” brokerage fees of maybe $60 billion in the next 30 years.
He was a Bush campaign contributor, and I suspect that “generate” to him means payback.
Like President Bush said, it makes the pie higher.
I’ve paid $37,000 into Social Security, and am outraged by this thinly disguised grab for some of it.
Clayton Barclay
Addison
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