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

To: i-node who wrote (207640)	10/20/2004 2:19:38 AM
From: tejek	Respond to of 1574002

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. Maybe we can get a lender like Citicorp to give a take out loan until the money can be raised from other sources......or maybe we can do a lottery........or better yet, when Bush feels lucky, let him go to Vegas. Do you think for one dang moment, there will be many of us will allow Bush to play with SS money after his fiscal record of the past 4 years? Its a good thing you're in Arkansas because you're whistling Dixie on this issue.

To: i-node who wrote (207640)	10/20/2004 7:24:53 AM
From: Road Walker	Read Replies (2) \| Respond to of 1574002

re: If we need a little bridge financing to get there, fine with me. "A little" bridge financing??? Have you looked at the current deficit? LOL. Frankly, I agree with the goal of shifting part of SS payments to involuntary retirement accounts. But you can't get there from here. If we still had the Clinton era surplus, we might be able to pull it off. re: $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. And $1K invested at -1% will be worth... Self directed retirement accounts are no guarantee of future returns. And we certainly don't want to get the government into the business of directing where investment money goes. John