akapital

The Urgent Financial Crisis Facing Obama

Here is an idea for Obama and others:

What do people think about letting people borrow against their future Social Security?

What it effectively does is use future soc sec entitlement as default insurance and would motivate banks to lend, result in a serious injection of money into the economy. Also motivates responsible borrowers as when people are paying off their house they are also effectively putting money back into their retirement?