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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Kenneth E. Phillipps who wrote (670994)2/3/2005 4:48:43 PM
From: Wayners  Respond to of 769670
 
That leaves out the return on the 78K the worker would make taking his or her own money and investing in bonds besides US treasuries. That could be corporate bonds paying a much higher yield than 4%!!! In the SS system, you die you lose your money. IN the private system, you die, the money is still in an account and goes to your loved ones.



To: Kenneth E. Phillipps who wrote (670994)2/3/2005 5:28:55 PM
From: Peter O'Brien  Respond to of 769670
 
'guaranteed benefits'??? oh really???

the Supreme Court said there is no such thing
way back in 1960.

ssa.gov



To: Kenneth E. Phillipps who wrote (670994)2/3/2005 5:35:31 PM
From: Bill  Respond to of 769670
 
Nope. Did you miss the correction?

The Post mistakenly reported that the balance of a worker's personal account would be reduced by the worker's total annual contributions, plus 3 percent interest. In fact, the balance in the account would belong to the worker upon retirement, according to White House officials.


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