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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: combjelly who wrote (130322)	1/3/2001 1:05:40 PM
From: TimF	Read Replies (1) \| Respond to of 1572442

"From 1960 to 1981 the stock market produced far better then social security's current rate of return for the benificarry" On the otherhand, the time period I specified, the return was almost zero for the stockmarket. You said from the 60s to 1981. You did not specify when in the 60s so I just took 1960. Perhaps you meant 1969 but if you did then 1 - you did not say so, and 2 - over a 12 year period the stock market can indeed return very little but historically there have been few 20 year periods and no 30 year periods with a negative return since the civil war. The biggest problem is that SS got screwed in the 60's when the fund was looted to help pay for Vietnam. Fixing that mistake is a non-trivial exercise. 1 - More of the money went to social programs then for the Vietnam war. 2 - There is no trust fund. Its all government IOUs to itself. There is and was no store of wealth to be looted. Tim