I humbly accept your nomination.

Equity markets right now present an incredible opportunity to buy for long-term investors, which further reinforces the value of investing in them when you have a 10+ year window before you need the money. Dollar cost averaging over the equities market, combined with a reasonably managed risk/asset ratio, can provide substantial return on investment with preservation of capital when it becomes necessary.

This is not conjecture, it is proven by over 100 years of history. All Social Security has proven is that government can create incredible future debt obligations by making promises that it simply can not meet without burdening future taxpayers.

I live in the district and I will be supporting McMahon. That’s a pretty intense dedication to free market economics to be posting on October 2, 2008 of all times. Social Security is not meant to outpace the stock market over a
century. It is meant to provide an income guarantee for older Americans that is social
and secure irrespective of market vicissitudes. In a week when 401(k) portfolios,
including mine, lost much of their value, my reaction was that we’re very lucky that
they did not succeed in privatizing Social Security because people taking a bath these
days would have no fallback whatsoever.

CSFBL player here…came across your blog. Nice rant…Social Security is so broken.

Steve