I honestly also got confused by her post. It was my understanding that these days, SS was a slush fund. I *think* it was mom who posted something to the effect of SS money being invested in treasuries...which I think would be a good idea, but isn't the case today, from my understanding.
I actually think a better solution, then, would be to set up individual accounts for SS, where the money you contribute would go to buy Treasury bonds. That way, people would at least feel like they're getting what they're putting in back, and no one would feel shafted by the system.
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It is absolutely true that what a worker contributes in his/her pay will be received at time of retirement with interest earned on bonds.
<Sorry but you are misguided.>
That's a pretty loaded statement - Do you have any way to back this up? TIA
We already have a trillion dollar debt because of
It's too bad Bush isn't running again... then the comment would be relevant.
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Thanks for the info!
I actually think a better solution, then, would be to set up individual accounts for SS, where the money you contribute would go to buy Treasury bonds. That way, people would at least feel like they're getting what they're putting in back, and no one would feel shafted by the system.
Your welcome:0)
I am just not pleased with how the SS fund is being abused.
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