Many things have conspired to keep me from updating regularly. Here's something to chew on while this site gets revving again.....
Bush's plan for Social Security is to give enrollees the ability to play the stock market with their future safety net. Everyone knows that bad investments happen and the market is not guaranteed in any way.
King is straddling the fence here but he really comes across as supporting this incredibly bad idea.
Now who will really profit from the influx of money into the investment market? Investment bankers and brokerages.
Follow the money:
2003-2004 PAC Contributions
Securities & Investment $14,000
Commercial Banks $7,500
2001-2002 PAC Contributions:
Securities & Investment $18,000
Commercial Banks $29,000
1999-2000 PAC Contributions:
Securities & Investment $20,500
Commercial Banks $32,000
1997-1998 PAC Contributions:
Securities & Investment $20,000
Commercial Banks $51,495