Letter: Don't let Wall Street take gamble with Social Security


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Originally Posted Online: Nov. 01, 2012, 3:05 pm
Last Updated: Nov. 04, 2012, 10:21 am
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Mitt Romney and Congressmen Bobby Schilling want to privatize Social Security, which would be yet another handout to Wall Street, one that would put workers and retirees at great risk. This idea would create individual Social Security accounts managed by big Wall Street firms.

With all the chaos and greed in the stock market in recent years, I think this would be a terrible gamble for workers and retirees who need a solid secure pot of savings they can count on.

Almost every day you hear about some financial scandal or some wild fluctuation in the stock market. That is fine if you are a big gambler, but for the rest of us, keep our Social Security as far away from this as possible. Workers and retirees in Illinois need elected officials who care more about people here on Main Street than their campaign donors on Wall Street.

Samuel Vasquez,
Moline

















 




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  Today is Tuesday, Sept 2, the 245th day of 2014. There are 120 days left in the year.

1864 — 150 years ago: It is estimated that 300,000 people attended the recent Democratic convention in Chicago when Gen. George B. McClellan of New Jersey was nominated as a candidate for president of the United States.
1889 — 125 years ago: Alderman Frank Ill, Winslow Howard and Captain J.M. Montgomery returned from Milwaukee, where they attended the national Grand Army of the Republic encampment.
1914 — 100 years ago: Three members of the Rock Island YMCA accepted positions as physical directors of other associations. Albert Cook went to Kewanee, C.D. Curtis to Canton and Willis Woods to Leavenworth, Kan.
1939 — 75 years ago: Former President Herbert Hoover appealed for national support of President F.D. Roosevelt and Congress in every effort to keep the United States out of war.
1964 — 50 years ago: The Rock Island Junior chamber pf Commerce has received answers to about 65 % of the 600 questionnaires mailed out recently in a "Community Attitude Survey" to analyze sentiments of citizens towards their city's various recreational, educational, and civic service programs.
1989 — 25 years ago: The two thunderstorms passing through the Quad Cities last night and early today left some area residents reaching for their flashlights.






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