PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Kenneth E. Phillipps who wrote (671210)	2/4/2005 1:20:20 PM
From: DuckTapeSunroof	Read Replies (1) of 769670

WHAT 'private accounts'??????? They want to KEEP control of all the money... RAKE OFF 50 - 60 - 70% of any 'excess profits' for the government to keep... and only let people take out money in the form of a MANDATED ANNUITY at the end... and, oh yeah, if the 'accounts' under-perform you only get what the regular base 'non-private' SS accounts pay --- and they are talking about greatly reducing the payouts in those. What a DEAL. The federal government wants you to take all the risks... but they want to keep more then half of any profits you might make that are above the 'estimated bond rate' (which they say should be 3%). What a deal... I think I'd rather just KEEP my money and not let the government anywhere near it if that's the plan.

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