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Politics : Formerly About Advanced Micro Devices

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To: TimF who wrote (328895)	3/14/2007 7:25:54 PM
From: RetiredNow	Read Replies (2) of 1575761

Yes, absolutely. I think it is a huge crime that those funds are stuck earning the lowest of possible returns. This is why I want out of the SS plan. It's a bad deal for everyone involved. Everyone could do much much better if there SS taxes were deposited in an account they couldn't touch until they were 65, and the funds invested in a target retirement fund that matches the date of their retirement. That would be the smart thing to do. Then of course, our gov't would be left with a huge unfunded SS debt, but we could issue federal bonds for those to add to the already large national debt. But at least this way, the true size of the obligation is known and is funded and tagged to each person's social security number. IN addition, we seperate gov't finances from each American citizen's finances, so that everyone's retirement potential is maximized, instead of minimized as in the current plan.

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