The Obama - Clinton Disaster Message Board

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Politics : The Obama - Clinton Disaster

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To: John who wrote (47225)	3/26/2011 10:06:50 PM
From: Wayners	2 Recommendations Read Replies (1) of 103300

Can you imagine when real austerity hits in force soon, far worse than it has already? Seniors who worked and paid their entire lives for their miniscule social security benefits will be screwed over because the government chose to ignore the immigration laws and allowed a bunch of illegal Mestizo scam artists to deplete the system. This is the best part. People paid into SS and MC but unfortunately like all Ponzi schemes they paid out extraordinairy returns to early partcipants at the expense of the bottom of the pyramid. Since the money is "invested" in Govt Bonds, guess what the average return on Govt. Bonds has been since forever? Treasury bills have historically returned 3.4% per year and Treasury bonds 4.4% per year. So let's say somebody pays into SS their entire lives. The math doesn't add up to what people have been getting from SS as far as payouts go. How can somebody pay $20,000 into SS over their working life and then get paid $20,000 a year from 65 until they die at 87? At 4.4% interest, $20,000 compounded at 4.4% for 30 years is worth $74,906. That is gone is less than 4 years, yet the payout is $440,000!!!!!

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