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 Thursday, July 31, the 212th day of 2014. There are 153 days left in the year.

1864 -- 150 years ago: A corps of surgeons now occupies the new hospital quarters at the Garrison Hospital on the Rock Island Arsenal. A fence has been installed to enclose the prison hospital.
1889 -- 125 years ago: B. Winter has let a contract to Christ Schreiner for a two story brick building with a double store front on the south side of 3rd Avenue just west of 17th Street. The estimated cost was $4,500.
1914 -- 100 years ago: Germany sent simultaneous ultimatums to Russia and France, demanding that Russia suspend mobilization within 12 hours and demanding that France inform Germany within 18 hours. In the case of war between Germany and Russia, France would remain neutral.
1939 -- 75 years ago: Civil service offices at the post office and the Rock Island Arsenal were swamped as more than 700 youths sought 15 machinist apprenticeships at the Arsenal.
1964 -- 50 years ago: Last night, American Legion Post 246 in Moline figuratively handed over the trousers to a female ex-Marine and petticoat rule began. Olga Swanson, of Moline, was installed as the first woman commander of the post .
1989 -- 25 years ago: The Illinois Quad City Civic Center captured the excitement and interest of a convention of auditorium managers this weekend in Reno, Nev. Bill Adams, civic center authority chairman, said the 10,000-seat arena planned for downtown Moline has caught the eye of construction firms, suppliers, management teams and concession groups.








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