I think the cut is because the current system can't sustain itself. Under the new system you have a chance of a gain. The main point is there's no surplus to spend elsewhere. It's in the lockbox to use Al Gores term.
On 7/14/05, Kevin Graeme wrote: > So combining my dim memory of an article with these, I get something like > this: > > Current SS payment: $5000/month > > Progressive price indexing applies across the board. So under the new > system, that payment may be cut to $2000/month. So: > > No private accounts: $2000/month SS > Private account: $2000/month SS + $3000 investment value. > > Or maybe the private account will be paid for out of how much is left > from the new progressive indexed price, so it will look like: > > Private account: $1000/month SS + $1000 investment value > > Either way there's a cut. (I'm washing out the President's statement > that people would make more either way under the new system since the > old system would benefit from the same scheduled adjustments.) > > -Kevin ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Find out how CFTicket can increase your company's customer support efficiency by 100% http://www.houseoffusion.com/banners/view.cfm?bannerid=49 Message: http://www.houseoffusion.com/lists.cfm/link=i:5:164808 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
