Very strong language from Brent Arends, usually a low-key financial writer. But it's more than warranted.
I come back to this scandal because Congress just spent $86 billion of our money bailing out private sector pension funds on behalf of the Teamsters and other unions, while continuing to do absolutely nothing whatsoever to put Social Security on a stable financial footing. . . .
Whenever I suggest to people that Social Security be invested in stocks and other assets, they generally clutch their pearls in shock, before offering up various illogical reasons why that would be totally impossible.