> I wasn't really too clear, but I'm for the private accounts if the > government can spell out all the cost before hand. Cameron makes a very > very good point. If this is done correctly, it would be a major anomaly.
I'm glad someone here can do math. :) It's also worth pointing out that we are really comparing apples to oranges when we compare SS "savings" to participation in the stock market. There is no such thing as a SS saving account. SS is designed so that the money you put in goes directly back out to someone collecting social security. No interest, no savings, poof, it's gone! I know this is remidial to some, but I don't think some of the folks on this list understand how SS works. At the start there were a buncha people paying in and hardly any collecting, something like 20:1. I think now we are closer to 3:1, and in a couple of decades it will be closer to 1:1. Currently your money, for all intents and purposes, is getting a zero percent return. The "Social Security Fund" is just a buildup to make help ease the pain when the baby boomers age and every one of us is supporting one other human being's living expenses. The math doesn't work, and the money is going to run out one way or another. I suppose if we let that happen the crisis will be blamed on whoever is in office that year. I wonder if it will be a Democrat or a Republican? And besides, who actually WANTS to government investing their money? Do you REALLY think that the govt can so a better job managing your money that you can? It's YOUR money they are shitting away after all. -Cameron -- Cameron Childress Sumo Consulting Inc http://www.sumoc.com --- cell: 678.637.5072 aim: cameroncf email: [EMAIL PROTECTED] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Purchase Dreamweaver with Homesite Plus from House of Fusion, a Macromedia Authorized Affiliate and support the CF community. http://www.houseoffusion.com/banners/view.cfm?bannerid=54 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:143216 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
