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To: BikerNYC
People have their private retirement accounts, but if the accounts fail to generate the income that a person would otherwise get under social security, the government will make up the difference.

That's kind of funny when you think about it. If you check your social security statement and work the math, you'll find that the government is promising little or no return on your money...heck, my math shows a projected return of -1% over my lifetime! To think that over 40 or 45 years that you couldn't outgain the government is absurd!

The social security system should be reformed in such a way that, in a generation's time, it should be totally free of obligations to all workers. It's only concern should be those people left behind. And, even then, with the wealth creation and portability of proposed systems (i.e. deceased husband's account goes to his surviving heirs), even those people should have more resources available to them than they have today.

35 posted on 12/17/2004 12:26:21 PM PST by Fredgoblu
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To: Fredgoblu

Silly talk! Don't you remember we Republicans don't care about the little people who get left behind?? </sarcasm>


36 posted on 12/17/2004 12:28:32 PM PST by TheRatHunter
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