Friday, June 18, 2010

"Hill pledges to protect" lousy rates-of-return in Social Security

Here's the story by Kirk Johannesen in the Columbus Republic.

U.S. Rep. Baron Hill, D-Ind., signed a pledge today to protect Social Security from privatization, saying he wanted to protect benefits for seniors and future generations.

Hmm...no mention of why he wants to protect its 1% average rate-of-return and its negative rate of return for African-Americans.

"I pledge to protect Social Security by protecting it from privatization. We simply cannot subject the retirement of our seniors to the whims of the stock market,” Hill said in a news release.

What about bonds-- at least government bonds-- or CD's...anything?! Hill supports choice on abortion, why not retirement accounts and education? Is he ignorant, a statist, a racist, a demagogue, or all of the above?


Here's Blue Indiana on the same topic-- with some inexplicable kudos for Baron Hill and an attack on Todd Young.

1 Comments:

At October 8, 2016 at 9:42 PM , Blogger Himu said...

We've listed below all of the social security office Redwood City. The links below will give you information that includes the office address, telephone number, hours, and driving directions to the closest locations in Redwood City, CA California.

 

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