Sen. George Miller (R-VA) yesterday on NBC's Meet the Press: "In the event that a personal savings account approach is taken, allowing [Americans] to invest in a home in addition to right now it's stocks, bonds and other financial instruments, if people can invest in their own home, they'll know it. They'll understand it. They'll take care of it. And they'll enjoy it and they don't have to worry about mergers and acquisitions and scandals and market share. And by the time they retire, they're going to have a pretty good nest egg there and they don't need as big a house, usually, because they don't want to be cutting grass and trimming hedges, and that is good for the economy as well." Yet another key-hole into the potential "benefits" of privatizing Social Security.
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Retirement Savings? Sell That House, Grandma!
- Thread starter seagull
- Start date
The Voice of Reason
Doctor of Thinkology
Question - Does Miller think that the concept of home equity as a personal asset is a new idea?
Answer - No, he simply wants to make sure that this final piece of a families financial holdings is included in financing a national deficit that is not going to be shrinking any time soon.
TVOR
Answer - No, he simply wants to make sure that this final piece of a families financial holdings is included in financing a national deficit that is not going to be shrinking any time soon.
TVOR