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. 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.


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

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