Yet Galveston Tx is the only U.S. city that was able to opt out of SS before Congress changed the law in 1983 that prevented other cities from following suit and they invest the resident's retirement in the stock market rather than the govt program. The result is the retired citizens of Galveston are enjoying a lot better retirement portfolio than the rest of the nation regardless of the ups and downs of the stock market!You are so right. conservative have been saying that. They were saying that and actually attempting to make it happen during the Dubya Bush years. So what happened just after that effort (fortunately) failed? Ever heard of Enron? What about WorldCom? What about the stock market crash of 2007 and 2008, where retirement funds invested in those failed securities lost 90% of their value? Individual retirement savings were consumed entirely by Wall Street fraud. How could anyone forget? Maybe republican voters never knew about that. Turns out that voters were so sick of the republican crash that they elected Obama, a black democrat.
That is what chaps their chops now, that it took a black democrat to begin to straighten out the financial disaster republikans had created. What is even more stupid is that republikans are now trying to creat another financial crisis even larger than that one in 07-08.
As far as the market crash, EVERYONE except the Commucrats realize it was Carter/Clinton and their Community Reivestment Act that forced banks to give loans to unqualified borrowers.
"To enforce the statute, federal regulatory agencies are to examine banking institutions for CRA compliance, and take this information into consideration when approving applications for new bank branches or for mergers or acquisitions (Section 804.)"
It was this practice of forcing the banks to give loans to people who couldn't afford the homes in the first place in exchange for new branches or mergers which caused the housing bubble to burst which led to the economy crashing. Of course the Commucrats, along with the state run media, placed the blame on the predatory lenders and Wall Street to which the "dumbmasses" bought hook, line, and sinker!