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« Trivia Tidbit Of The Day: Part 415 -- Socialism Kills Medical Progress. | WILLisms.com | Trivia Tidbit Of The Day: Part 416 -- Public Financing Tax Checkoff. » Social Security Reform Thursday: Week Seventy-One -- We're Getting Robbed.![]() Thursdays are good days for reform, because they fall between Wednesdays and Fridays. That's why WILLisms.com offers a chart or graph, every Thursday or so, pertinent to Social Security reform. This week's topic: What If. What if Congress had reformed Social Security back in early 2005? What if personal accounts had taken effect on June 1, 2005? Just theoretically. Well, we'd all be quite a bit better off. Looking at the Thrift Savings Plan options, which are the foundation/inspiration for most personal account reform plans, here are some results:
Those "increase" percentages are just total increases, not annual rates. The 10-Year compound annual averages: G: 5.31% Meanwhile, back at the Social Security ranch, there are no personal accounts, nor even any huge one-size-fits-all interest-earning accounts, for those Social Security taxes. No, there's just a filing cabinet filled with IOUs from the government to the government, payable by future generations. Every day we are denied personal accounts is a day we are robbed by the likes of Senator Conrad, Senator Baucus, and the rest in Congress who offer no solutions.
Previous Reform Thursday graphics can be seen here: -Week One (Costs Exceed Revenues). Posted by Will Franklin · 8 February 2007 08:27 PM CommentsFor those invested in the Thrift Savings Plan, or who just want to see how their retirement savings would be doing if they were, this tool will do the math for your investment portfolio. Just update the rates of return with the most current that Will has provided! Posted by: Ironman at February 9, 2007 02:52 PM |