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#1
02-04-2005, 12:09 PM
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Re: Sign Me Up....
Yes, I read both of these articles. Its a semantics question. The government won't be reaching into your account for the funds. They will be reducing the guaranteed benefit, dollar for dollar, based on what you earn in your 'private account'
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#2
02-04-2005, 12:19 PM
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Re: Sign Me Up....
[ QUOTE ]
Yes, I read both of these articles. Its a semantics question. [/ QUOTE ] Haha it's not a semantic question at all. The Washington Post had to retract a statement that said you would not get to keep what you've contributed to the private plus 3% compounded on top of that. It was blatently wrong. Weak attempt at spinning it. [ QUOTE ] The government won't be reaching into your account for the funds. [/ QUOTE ] Right and the Washington Post stated that the government would be reaching into your funds. [ QUOTE ] They will be reducing the guaranteed benefit, dollar for dollar, based on what you earn in your 'private account' [/ QUOTE ] Nope, they will be reducing the guaranteed benefit, dollar for dollar, based on what you contributed to your 'private account.'
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#3
02-04-2005, 03:09 PM
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Re: Sign Me Up....
From the Center on Budget and Policy Priorities: http://www.cbpp.org/2-2-05socsec2.htm
At retirement, workers with private accounts would experience a reduction in their Social Security benefits equivalent to the amount that would be in their account if the payroll taxes diverted to the account had earned interest at a rate 0.3 percent below the rate paid on Treasury bonds.
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#4
02-04-2005, 03:12 PM
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Re: Sign Me Up....
[ QUOTE ]
From the Center on Budget and Policy Priorities: http://www.cbpp.org/2-2-05socsec2.htm At retirement, workers with private accounts would experience a reduction in their Social Security benefits equivalent to the amount that would be in their account if the payroll taxes diverted to the account had earned interest at a rate 0.3 percent below the rate paid on Treasury bonds. [/ QUOTE ] Which is different than what you wrote after I called you on the disinformation you posted: They will be reducing the guaranteed benefit, dollar for dollar, based on what you earn in your 'private account'
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