by Michael Baumgardner

Created on: July 09, 2008

Are you kidding? Reform it is an understatement. It should be completely replaced with something more along the lines of an Individual Retirement Acount. After all it is our money to begin with, shouldn't we be able to invest it in any manner we wish? The government has proven time and time again that it can not be trusted with our money. The funds that have been paid into so-so security were not to be used to fund the general operational expenses of the federal government, yet that is exactly what has happened.

The federal government can not control how they spend our tax dollars, what makes you think that they can control themselves when it comes to a very large pool of money that they seem to have unlimited access to.

Can someone explain to me why our federal employees, that includes senators and congressmen, they are supposed to be working for us, have a retirement plan that allows them to invest in the very programs that they do not want us to have access to. They are allowed to control how and in what their retirement funds are invested in.

The stock market may not be the place for everyone to put their money, but then there are other places to put it. You could buy bonds, notes, or money market funds. Regardless of your experience in the investment arena there are a number of resources a person can go to get advice on how, when, and where to invest.

It really comes down to taking personal responsibility for ones self. I don't need the federal government taking my hard earned money and then telling me what I have to do with it.
It is my money, I earned it, and I pay taxes on it. Give It Back!

There have been law suits filed and won by people that felt that their pension funds were not properly invested. All of their funds had been invested in US Government bonds. The courts determined that a prudent man would not put all of his money in one single group of investments, yet that is exactly what the government has done with social security funds. There is not one single professional investor that would ever put all of his money in one investment. The courts in this country have declared that this is illegal and a bad business practice. If this is true, and it is, then how does the federal government get away with it?

I truly wish that our government was run by business men and entrapenuers, they would find a way to make the government a profit center, or at least it would have to stay within a budget.

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