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 Friday, Sept. 19, the 262nd day of 2014. There are 103 days left in the year.
1864 -- 150 years ago: Charles M. Osborn of this city, a lawyer of prominence, who voted for Lincoln in 1860 is now out strong for McClellan and will take the stump for him.
1889 -- 125 years ago: The George Fleming company had begun its dried fruit packing in a branch plant on 16th Street, Rock Island, employing nearly a hundred workers.
1914 -- 100 years ago: The cornerstone of the new Eagles home was laid. Building committee members were John Kobeman, Fred Ehmke and Frank Wich.
1939 -- 75 years ago: Former Kaiser Wilhelm, in exile, is sad as the Nazis march with communists.
1964 -- 50 years ago: Ninety-two members of the acappella choir at Davenport's West High School today accepted an invitation to perform at the New York World's Fair on June 13, 1965.
1989 -- 25 years ago: A Rock Island woman is one of 50 winners of $10,000 in cash in the Illinois State Lottery's "Celebration "89" instant ticket game. Dawn Loeffler was the third winner to be chosen through daily drawings that began Aug. 28 and will run 50 consecutive days.






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