joes

4 Dividend Stocks to Hedge Against Social Security Failure

Nice to see a reply to the list of BS pushed as "facts" about Social Security.

The comment that it was the largest social program included as a negative is an example of how limited the conservative mind can be, it a pension plan for the entire country! Did you expect it to be small?

And to suggest the four stock approach you mention is a substitute for one of the greatest social initiatives of all times is just silly.


On Aug 25 11:09 AM cross wrote:

> On the plus side I appreciate your comments regarding Abbot Labs
> as I have a position in this company. It's a great long-term hold.
>
> As criticism, your comments regarding the solvency of Social Security
> are so far off the mark I really don't know where to begin. First
> of all, the bonds held by the fund were not issued by the govenments
> of Kosovo or Somalia, they were issued by the United States, an
> entity that has never defaulted on either its principal or interest
> obligations. (I'll simplify this for you: Real time, banks are not
> rescuing the Federal Government; the Federal Government is rescuing
> banks. Do you own a bank stock? Where did the dividend go?? I've
> heard, over the years that BAC was a rock-solid, take-it-to-your-grave
> investment) To suggest that the Feds will default on their obligations
> is just speculation on your part. Secondly, it is not a fund that
> needs to be permanently fixed. It just needs an occasional tweaking:
> raising the cap, raising the age, adjusting the COLA. All these
> things will need to be done, and indeed, have been done. It just
> takes political will. Third, it is not a static fund, it will receive
> 10's of trillions of dollars over the next thirty years of new money
> that will be used to partially fund benefits.
> What is the solution? Raise taxes, limit benefits.
> P.s. Gold??? At $900 + an ounce? I don't think so.