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Politics : Formerly About Advanced Micro Devices

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To: i-node who wrote (207640)10/20/2004 7:24:53 AM
From: Road Walker  Read Replies (2) of 1574054
 
re: If we need a little bridge financing to get there, fine with me.

"A little" bridge financing??? Have you looked at the current deficit? LOL.

Frankly, I agree with the goal of shifting part of SS payments to involuntary retirement accounts. But you can't get there from here. If we still had the Clinton era surplus, we might be able to pull it off.

re: $1,000 invested today at 3% will be worth $4,256 in 50 years.

$1,000 invested today at 8% will be worth $43,427 in 50 years.


And $1K invested at -1% will be worth... Self directed retirement accounts are no guarantee of future returns. And we certainly don't want to get the government into the business of directing where investment money goes.

John
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