He just had some Republican on and tried to pin him down on how to "reform" Social Security. The jackass said "personal accounts". Mathews said "that might do it".
If Bush had succeeded in converting Social Security to "personal accounts", the stock market tank last year would have nuked everyone's retirement for about 25%.. right off the bat.
The reason why they want Social Security dismantled in favor of "personal accounts" is because of the fees that the investment firms charge for managing your investments into the ground.
It's all about the continued transfer of wealth from the middle class to the wealthy. It's not that they actually do anything. It's not as if your investment broker knows anything at all about retirement accounts. It's simply a useless service that drains money.
Social Security is a popular and successful program that will continue to do what it was designed to do.
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