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Politics : Al Gore vs George Bush: the moderate's perspective
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To: Hawkmoon who wrote (1463)10/7/2000 1:04:00 AM
From: fuzzymath  Read Replies (1) of 10042
 
Social Security Question: Is it fair that foreign governments investing in U.S. Government securities receive a 5-6% annual rate of return (on U.S. Treasury bonds), while U.S. taxpayers who are required by law to invest in Social Security receive a mere 2% return?

Al Gore says 'Yes!'. He wants to 'save' Social Security, not reform it. If, after you pay in 6.2% of your income (while your employer pays another 6.2% that could have been part of your salary), you happen to have a spare 2-3% you'd like to invest at a 2% rate of return, you will be free to do this under Gore's 'Social Security Plus'.

Under George Bush's plan, if you're a very conservative investor, you'll forfeit a 2% return on 2% of your income in favor of the 5-6% return foreign governments enjoy. If you take moderate risks, the 2% could turn into 10-15% annually.

Which would you prefer?

Kevin/fuzzymath
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