PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: DuckTapeSunroof who wrote (674132)	3/5/2005 10:00:56 AM
From: Sedohr Nod	Read Replies (2) of 769670

I'm not sure that .2% overhead for SS bureaucracy is low compared to mutual funds....Who are they competing with to garner cash inflows?....They have a lock on 12.4% of the taxable payroll wages of the whole country without without moving an inch off their duffs....Let's get some choice into the system and see how long they last. Actually... I believe the management overhead of the SS bureaucracy is extremely low, something like 0.2% or lower, if memory serves.<i/> Most mutual funds wish they had such a low overhead<i/>

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