We can't afford to gamble with our futures
Published: Sunday, January 9, 2005 at 6:01 a.m.
Last Modified: Saturday, January 8, 2005 at 10:53 p.m.
The oldest rule of investing is: Don't invest what you can't afford to lose. President Bush wants us younger workers to invest our Social Security accounts in the financial markets, gambling that we might get more money when we retire and starving the Social Security system of funds needed to pay benefits tomorrow and in the coming decades.
If others can afford to gamble with their retirement money, they can do so at their own expense. I can't afford to lose any retirement benefit, and I do not choose to renege on the intergenerational social contract that has worked for most of a century.
Comments are currently unavailable on this article