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Politics : American Presidential Politics and foreign affairs
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To: Peter Dierks who wrote (44257)7/20/2010 3:36:59 PM
From: DuckTapeSunroof  Read Replies (1) of 71588
 
Re: "Social Security was sold as a supplemental retirement income scheme."

Yes, I know.

And --- with it's cap on payments, for most it surely is.

Re: "Many seasoned citizens choose to rely on it as their sole source of income."

That's a choice" is it?

You saying that they prefer to forgo drawing down all the massive profits in their 401(k) plans, and their IRAs, and their pension plans... or are you saying (perhaps) that maybe their pension plans collapsed after their employer went bankrupt after years of underfunding the pension obligations... and that those 'guaranteed' profits from an always sunny American economy just so happened to have taken a machete to their retirement investment accounts?
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