Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Road Walker who wrote (207636)	10/19/2004 9:54:24 PM
From: i-node	Read Replies (2) \| Respond to of 1573994

>> So how is Bush going to fund SS payments when he privatizes a major portion of SS contributions? I'm going to answer your question with the ONLY relevant response: $1,000 invested today at 3% will be worth $4,256 in 50 years. $1,000 invested today at 8% will be worth $43,427 in 50 years. If we need a little bridge financing to get there, fine with me. If you can't see that higher paying investments are the ONLY way out of this problem, I recommend you go take an introductory course in Business Math.

To: Road Walker who wrote (207636)	10/19/2004 10:23:06 PM
From: Jim McMannis	Read Replies (4) \| Respond to of 1573994

RE:"So how is Bush going to fund SS payments when he privatizes a major portion of SS contributions?" The only way to save SS is to cut benefits, raise the retirement age or privatize. Choose your poison.

To: Road Walker who wrote (207636)	10/20/2004 2:25:10 AM
From: Amy J	Read Replies (1) \| Respond to of 1573994

>> So how is Bush going to fund SS payments when he privatizes a major portion of SS contributions? John, I don't think it matters, because when Gen Y takes over, they're going to look at the lack of evidence of Boomers saving money and say it's time to chuck the entire program. Some of them can be darn right nasty - some aren't especially empathetic. This will leave Gen X screwed because they will not only be paying into the system they won't get, but when the Gen Y's toss out the entire system the Gen X will also need to pay for the financial support of their parents. Regards, Amy J