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Politics : Politics for Pros- moderated

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To: TimF who wrote (112130)5/1/2005 3:05:56 PM
From: Lane3  Read Replies (1) of 793931
 
If the "personal account" gets a better return than the recipient may make more even after you cut the rest of the benefit.

Sure, but personal accounts don't put any money the pot for paying benefits. Personal accounts may be desirable for many reasons, but, given that solvency has been defined as the problem, then personal accounts don't address let alone fix the problem.

For a long time personal accounts were promoted in a way that, shall we say, finessed the fact that they don't fix the problem and a lot of people are under the mistaken impression that they will.

Sort of like the infamous mistaken impression people had that Iraqis had destroyed the WTC. Some people probably still think that.
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