PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Neocon who wrote (42462)	10/4/2000 8:01:15 PM
From: Zeev Hed	Read Replies (3) of 769667

Neocon, I was surprised that none of the commentators had anything to say about the Governor's own Fuzzy mathematics". He kept saying that he will take over ten years $1 Trillion dollars from Social Security, and let the people invest it themselves, claiming that after 10 years they will have a total of $3 Trillion. Well, $1 trillion, is $100 Billion per year over ten years, and $8,333 Billions per month. If you were to invest every months for 120 months (ten years) $8,333 Billion you will end up at the end of $10 years with $3 Trillions, only if your rate of return (compounded monthly) is at least 19.32. I doubt that you can get that kind of returns over the next ten years, and certainly not with prudent investments. That is what I call "Fuzzy Mathematics". Surely, assuming that all citizen could is a fallacy. Good luck out there.

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