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Politics : PRESIDENT GEORGE W. BUSH
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To: DuckTapeSunroof who wrote (674356)3/7/2005 4:03:52 PM
From: Wayners  Read Replies (1) of 769670
 
For FY 2004, about 98 percent of the $535 billion that SSA will outlay will be paid in the form of monthly benefits to more than 50 million beneficiaries. SSA’s administrative expenses are less than 2 percent of total outlays.

Comparing it to Mutual Fund Managers isn't fair because fund managers have to buy, sell and manage portfolios. The SSA doesn't have to manage squat. Most no load actively managed mutual funds come in at 1.5% annual management fees. Whats the Governments excuse for coming in at 2% for something that doesnt' even require portfolio management?
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