HELEN THOMAS: Privatizing Social Security Again?

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http://www.fcnp.com/commentary/national/8197-privatizing-social-security-again.html

By Helen Thomas
Thursday, January 06 2011 08:00:00 AM

This year, 2011, marks the beginning of baby boomers receiving Social Security checks and they should be alerted of past perennial Republican attempts to partially privatize the program.

Heaven forbid that plans prevail to invest a certain amount of those checks in the stock market, as many pension plans have taken a bath in the current meltdown. While there have been past GOP plans to partially privatize the program, fortunately they have all failed. So far the Social Security trust fund remains tempting for the gamblers and other risk takers on the market.

As a Detroiter, I remember the Great Depression and the stock market crash of 1929 when some of the plutocrats on Wall Street jumped out of windows as a result of their great losses. Those were bleak days when some of the jobless workers also lost hope in the bitterly cold winter as they stood in long lines at the Ford Motor Company, many without overcoats, hoping for a job on the auto assembly lines.

The movements for socialism and communism were given some credence as a way out of their misery.

[midnight]

1. Helen provides important perspective about these austerity

makers who feel entitled to our Social Security money. Their success leaves many with financial scares that last generations - NO THANKS....... I guess bailing them out in 2008 was just the sound of them driving this country into the ditch... Now that we are stuck they plan to finish us off......