Is Hillary's "401ks FOR EVERBODY!!" plan her version of a chicken in every pot?

Question

Seems to me a phase out of the existing Social Security programs, allowing people to invest at least a small portion of their current contributions into their retirement accounts would be a much better option than this ponzi scheme.

And what's with the 'you don't have to work to get this' c**p?

Answer 1

How long before this program needs additional funding before it goes bankrupt? Social Security, Medicare?

Answer 2

Sounds a lot like the ponzi scheme that Bush floated in 2005 when he talked about privitizing social security and creating individual accounts (a lot like a 401k....hmmmm).

It's no secret that the US govt. cannot afford it's upcoming liabilities with SS and medicare, so every candidate is going to have to come out with a solution to that mess.

Answer 3

Actually if you think about it. Investing $1000 of your own money and the government matching $1000 at the end of say 30 years you end up with about $100000 in your account. Thats about $2.75 per day that you need to put into your account. I don't know about you guys, but I spend way more than that just on coffee. Imagine what adding $5 or even $10 per day would do for you

Answer 4

As you pointed out politicians have been making sucker bets for a few hundred years. Shes no exeption

Answer 5

more like forty acres and a mule.

Answer 6

No,

it is the same c**p that McGovern tried.