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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (38541)	2/26/2013 5:50:11 PM
From: Wharf Rat	Read Replies (2) \| Respond to of 86356

"The surplus is spent on buying Treasuries and the money goes into the General Federal Budget, right?" Right; and then the GF pays interest to SSTF, instead of to Calpers or China or me (if I had bonds). "Therefore, it's always been better to have a "pay as you go" system, with no surplus" If I wanted that, I would have being throwing quarters in coffee cans every payday for the last 50 years. I want my money growing, not shrinking. Those first 4 quarters might have bought me 3 gallons of gas back in '62. Now, they would be me 1/4 gallon. Good thing they've been earning interest all these years. Prolly not enuf, but a better return than "permit some of those FICA taxes to go into an IRA, so they can seek a better return" Why? That's what the rest of the paycheck is for, along with food and all that stuff. I have both an IRA and a 401someletter. SS is safest thing there is, with no money lost to profits taken out for IRA administrators and their shareholders. How well did all those better return plans fare in '08-'09?