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

To: Road Walker who wrote (217373)	2/5/2005 12:20:58 AM
From: TimF	Read Replies (1) \| Respond to of 1571040

In fact I would bet even money that it will be down in a 30 year period over the next 100 years. I'd take that bet except we will probably both be dead 100 years from now. What "doomsday scenario"? In a 30 year flat to down market, companies will still earn money, spend money, employ and pay people, the economy will continue to function. But people's "private" SS accounts will be destroyed by inflation. In a 30 year flat to down market the odds are against there being the type of economic growth that would be needed to continue the projected level of social security payouts without large tax increases which could make the general economic situation even worse. Also "private account" doesn't equal "100% stock account". Tim

To: Road Walker who wrote (217373)	2/5/2005 12:52:45 AM
From: i-node	Read Replies (2) \| Respond to of 1571040

The point is that it is down, and could be down or flat in a given 30 year period. In fact I would bet even money that it will be down in a 30 year period over the next 100 years. It's the luck of the draw, a gamble. This statement is nonsense without a shred of support. ncpa.org It must also be noted that the Galveston workers' funds are very conservatively invested. Had they been invested in a large stock index fund they would have almost doubled their rate of return, which would at least double their benefits.

To: Road Walker who wrote (217373)	2/24/2005 7:42:05 PM
From: Joe NYC	Read Replies (2) \| Respond to of 1571040

John, I'll admit they would probably be slightly better protected than the SS contributions I've paid in my entire life (and that the administration is so enthusiastic to borrow against). Would those "private" accounts be part of the unified budget? You are still not getting it. The money you paid over your entire lifetime is gone. It went to pay the retirees at the time. As far as how the accounts would figure in the budget, I have no idea. My guess is that the money would not be counted in the federal budget. Joe