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« Trivia Tidbit of the Day: Part 532 -- Bailout 2009 Visual Depiction. | WILLisms.com | Trivia Tidbit of the Day: Part 533 -- Exports & Texas' Economy. » Social Security Reform Thursday: Part 77 -- How Would Personal Accounts Have Fared Had Reform Succeeded Years Ago?![]() 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: Personal Accounts Would Deliver Better Returns. One criticism of President Bush is that we dodged a bullet when his Social Security reform push failed. "Look where we'd be now." Well, we'd still be ahead of the current benefit levels: ![]() ...no cohort of retirees from 1915 through 2008 would have lost money by holding an account. Benefit increases ranged from 6 to 23 percent, with an average boost of 15 percent. If Americans had been able to invest even just a portion of their Social Security taxes into the free enterprise system rather than into increased government spending, we'd all be a lot wealthier today. And this is AFTER the declines we saw in late 2008. The power of unlocking approximately 5% of our economy that is now being siphoned off into big government would immediately rejuvenate and correct the trajectory we're on right now. Tune into WILLisms.com each Thursday or so for more important graphical data supporting Social Security reform. Previous Reform Thursday graphics can be seen here: -Week One (Costs Exceed Revenues). Posted by Will Franklin · 12 February 2009 02:29 PM Comments |