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Politics : American Presidential Politics and foreign affairs

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To: RMF who wrote (467)	2/18/2005 1:39:44 AM
From: Peter Dierks	Read Replies (1) of 71588

Social Security is bankrupt. We can ignore it and either cut benefits of allow it to swallow the entire budget. We can ignore it and drastically reduce benefits. We can mend it. If we wean wage earners off of it, in forty years we can invert te paradigm. Instead of taking two thirds for redistribution, we can allow two thirds to be the contribution and the other third can pay down debt and pay for elderly welfare, etc. siliconinvestor.com You can add $501,391 and $657,629 to the chart above. That is the amount of absolute dollars by 65 and 70 that a low wage earner described by the assumptions will pay into SS and MCare. I don't know about you, but I would rather have the half million to invest than asking the government to give it to others. There is a lot of good that I could do with it.

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