Monday, March 27, 2017

Should Social Security (and Social Security Disability) Be Privatized?

No. This is one of the dumbest ideas imaginable. Why?

1. Stock market crash of 1987.
2. Stock market crash of 2000-2002.
3. Stock market crash of 2008-2009.

Why does this question resurface now and then? Think about who promotes it. Wall Street does, because they can skim from it, just like they did with the rise of 401(k)s which, compared to traditional retirements, are a disaster. Conservative politicians who don't even think Social Security should exist in the first place also are in favor of privatization.

Put simply: bad idea; stupid idea.

Here's the article: Dumb idea.

I am a former disability examiner and I publish the website Social Security Disability Resource Center, or SSDRC for short. I also maintain a facebook page for SSDRC (Social Security Disability Blog).

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Neither this blog, nor the facebook page, nor my website are affiliated with the Social Security Administration.