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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (85074)	11/10/2000 8:05:51 AM
From: gnuman	Read Replies (1) \| Respond to of 132070

Les. Thnx for the link. Hope all our Congressmen have read and understand that report.

To: Les H who wrote (85074)	11/10/2000 11:19:05 AM
From: Freedom Fighter	Read Replies (3) \| Respond to of 132070

Les, I have one problem with all the studies that assume we can get a better return as a nation by shifting the SS money into stocks etc... As we shifted the money we would raise stock prices - which in turn would lower the future long term expected return from them. I think the best we can do as a nation from a return perspective is "the real GDP rate of growth minus the cost of administration". I think there are all sorts of leveling effects within the economy. The overall return on the variety of investment options for capital is somehow related to the GDP growth. Wayne