Bruce A. Nelson, Published September 22 2010
Bring balance to Social SecurityI ask Rep. Earl Pomeroy, D-N.D., to please explain why we should not have a balanced investment program with Social Security, just as our 401(k)s, IRAs and the like.
The stock market, in the long run, still beats bonds and interest-bearing instruments.
Also, why would he discourage an ownership society? We’re investors, not timers. FDR’s old model from the ’30s had good intentions, but the stock market overall has “beaten the pants” off bonds, CDs and cash holdings.
Also, Social Security is far from secure, and there are no perfectly secure investments. Reasonable risks and a balanced portfolio should be encouraged and not discouraged by our government.