Gambling

Gee, wonder why some of us aren't for Social Security privatization? Maybe because the stock market is like gambling. Just ask 2008 Presidential hopeful Bill Frist:

CHATTANOOGA — After big losses in the stock market, U.S. Senate Majority Leader Bill Frist's campaign committee is short of money to cover a bank loan that was due in August, records show.

The committee's most recent filing shows a little more than $10,000 was paid on the $360,000 loan from U.S. Bank.

Records show Frist's committee had losses in the stock market totaling more than $524,000 since November 2000. After paying other expenses, the committee had $312,807 in its accounts as of Sept. 30, according to records reviewed by the Chattanooga Times Free Press.

Boy, if the little old ladies contributing to Frist's campaign knew that he was taking their $20 and trying to parlay it by putting it into the NASDAQ, I think they'd be pissed. Wait, what am I saying? Frist's contributors are more likely to be captains of industry, not little old ladies. But little old ladies will be depending on the volatilities of the market for their Social Security checks, if Frist and his allies in Congress have anything to do with it.

If this scandal deepens, that's it for Frist '08. I mean, the attack ad writes itself. "Bill Frist can't even keep his own campaign funds. Are you going to trust him with the federal budget?"