Nordmadr
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Thu Feb-03-05 02:37 PM
Response to Original message |
| 30. I fail to see how any of this |
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Edited on Thu Feb-03-05 02:40 PM by olafvikingr
affects the "solvency" of Social Security. It puts no more dollars into the system than it does right now. Using the example, they still collect the same $78,700 that they would collect as the system is right now. This is confusing the hell out of me, and I am a college educated man and consider myself at least moderately intelligent.
To do what they want, they will have to cut benefits paid, I don't see how it adds up otherwise.
I too noticed how * mentioned a $200 billion shortfall by whatever year he said it was, when dem's were heckling him, well we appear to spend that in Iraq every year. Where is THAT money coming from?
Oh yeah, and what about that whole getting to pass it to your kids if you die before your benefits are used up?
Olaf
|
| -Wash Post has updated the SS story for a (BIG) correction |
coda |
Feb-03-05 01:34 PM |
#0 |
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Oh, I already emailed it |
hiley |
Feb-03-05 01:41 PM |
#1 |
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Considering our national debt |
shadowknows69 |
Feb-03-05 01:43 PM |
#3 |
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No...they will be worth more! |
jswordy |
Feb-03-05 01:45 PM |
#4 |
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Those higher interest rates will also effect things like mortgages |
Old and In the Way |
Feb-03-05 01:58 PM |
#10 |
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Look at the example...NOWHERE do they factor in inflation |
jswordy |
Feb-03-05 02:19 PM |
#22 |
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Pay now...Pay later |
reallygone |
Feb-04-05 08:51 AM |
#106 |
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Well, if Bush hadn't emptied the Treasury with those irresponsible taxcuts |
Old and In the Way |
Feb-05-05 11:33 AM |
#125 |
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But they will never pay off on those bonds... |
rfranklin |
Feb-03-05 02:10 PM |
#16 |
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Uh, you need to study some more. |
jswordy |
Feb-03-05 02:24 PM |
#25 |
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thanks for the info |
shadowknows69 |
Feb-03-05 02:48 PM |
#35 |
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That's what Bush is counting on, these factors: |
jswordy |
Feb-03-05 02:59 PM |
#40 |
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where and how is the best way to understand the Social Security issue? |
SemperEadem |
Feb-04-05 12:05 AM |
#87 |
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The current system is easy to understand? |
KajaC |
Feb-04-05 06:04 PM |
#122 |
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Risk of default |
TexasLawyer |
Feb-03-05 05:10 PM |
#66 |
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yes |
abandon_ship |
Feb-03-05 07:42 PM |
#77 |
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And tell me please, what happens.... |
jswordy |
Feb-03-05 01:50 PM |
#7 |
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No that part changed. |
Skinner |
Feb-03-05 01:55 PM |
#9 |
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Mystifying |
Jacobin |
Feb-03-05 02:15 PM |
#20 |
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Sounds like a WH phone call across town was made |
SemperEadem |
Feb-04-05 12:09 AM |
#88 |
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Yep.....Here it is: |
JohnnyRingo |
Feb-04-05 04:12 AM |
#97 |
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I'm afraid they were being clear the first time |
bloom |
Feb-03-05 02:56 PM |
#37 |
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Fact is, we WON'T know what we may end up with... |
jswordy |
Feb-03-05 03:00 PM |
#42 |
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I think someone wanted "government would keep" taken out |
daleo |
Feb-03-05 04:00 PM |
#57 |
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Me neither. I'll have to wait for Krugman to explain it. |
King Coal |
Feb-03-05 05:00 PM |
#62 |
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A rate of return of 4.6% above inflation, eh? |
nodictators |
Feb-03-05 07:11 PM |
#75 |
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I think WP made several errors. |
Festivito |
Feb-04-05 02:08 AM |
#93 |
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As Krugman points out, the arithmetic doesn't work |
geniph |
Feb-04-05 01:11 PM |
#115 |
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An Overview of Issues Raised by the Administration's Social Security Plan |
LiberalFighter |
Feb-05-05 12:07 PM |
#127 |
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Trying to grasp the complexities |
blueinOmaha |
Feb-05-05 06:33 PM |
#128 |
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never mind |
abandon_ship |
Feb-03-05 07:42 PM |
#78 |
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e-mail this too |
radfringe |
Feb-04-05 03:24 AM |
#95 |
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hey thanks for |
hiley |
Feb-04-05 05:45 PM |
#120 |
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And if inflation grows over that forty year period? |
Toots |
Feb-04-05 08:12 AM |
#102 |
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How to compound an error |
jswordy |
Feb-03-05 01:43 PM |
#2 |
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I am a total financial dummy but I darn sure followed you! |
Jazzgirl |
Feb-03-05 03:07 PM |
#44 |
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And that 3% return will rise... |
jswordy |
Feb-03-05 03:48 PM |
#54 |
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"The mechanism, detailed by a senior administration ... |
jayfish |
Feb-03-05 01:45 PM |
#5 |
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I'm confused. |
Tyrone Slothrop |
Feb-03-05 01:45 PM |
#6 |
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Here is what you need to know: YOU LOSE! |
jswordy |
Feb-03-05 02:01 PM |
#11 |
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No. It's 4% real growth, beyond inflation. |
Flint-oid |
Feb-03-05 03:47 PM |
#53 |
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Beautiful! I don't see that, but let's use it... |
jswordy |
Feb-03-05 03:54 PM |
#56 |
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That's why they're in a hurry......................... |
ClintonTyree |
Feb-03-05 05:17 PM |
#70 |
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Sorry |
Nederland |
Feb-04-05 11:04 AM |
#107 |
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Hmm. I'm trying to figure this out. |
Skinner |
Feb-03-05 01:51 PM |
#8 |
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Sounds like you figured it out |
shrike |
Feb-03-05 02:01 PM |
#12 |
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EXACTLY! |
jswordy |
Feb-03-05 02:17 PM |
#21 |
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Well, Bush wouldn't tell them the specifics of his scheme. |
King Coal |
Feb-03-05 05:14 PM |
#69 |
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Don't forget the concommittant rise in state and local taxes |
NCevilDUer |
Feb-03-05 08:04 PM |
#80 |
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I think the only reason to do it would be if ... |
V Lee |
Feb-03-05 04:38 PM |
#61 |
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As I understand it, there is a penalty for 'doing well' |
shrike |
Feb-04-05 12:57 PM |
#113 |
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There are 2 components -- your account actual & account surplus above 3% |
cthrumatrix |
Feb-03-05 02:03 PM |
#13 |
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That's how I'm reading it too... |
Spazito |
Feb-03-05 02:07 PM |
#14 |
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The relevent paragraphs: |
Zynx |
Feb-03-05 02:10 PM |
#15 |
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the Govt is trying to move the "entitlements" off "thier books" and on |
cthrumatrix |
Feb-03-05 02:13 PM |
#18 |
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Not To Mention They Are Not Even Touching THE FEES TO THE MIDDLEMEN!!! |
Beetwasher |
Feb-03-05 02:13 PM |
#19 |
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You forgot the biggest risk! |
jswordy |
Feb-03-05 02:45 PM |
#33 |
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Just remember that... |
jswordy |
Feb-03-05 02:11 PM |
#17 |
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it's a "fix" for the govt. by reducing soc sec obligations |
cthrumatrix |
Feb-03-05 02:20 PM |
#23 |
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HAHAHAHA! If you call adding $2 TRILLION to the debt a FIX! |
jswordy |
Feb-03-05 02:27 PM |
#28 |
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And it doesn't start until 2009 |
KayLaw |
Feb-03-05 02:25 PM |
#26 |
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clearly... you must hate "freedom and america".... those promises |
cthrumatrix |
Feb-03-05 02:30 PM |
#29 |
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You have that part, but the BOMB is in the "required annuity" imho. |
TahitiNut |
Feb-03-05 02:39 PM |
#31 |
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it appears it's a "life payout annuity" which means when you pass |
cthrumatrix |
Feb-03-05 02:45 PM |
#34 |
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I Think the Confusion Has to Do with the $78,000 |
ribofunk |
Feb-03-05 03:21 PM |
#50 |
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Skinner they both say the same thing-2nd one is SPIN |
underpants |
Feb-03-05 03:37 PM |
#51 |
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Here's the strategy...confuse everyone on the details so slogans remain |
AngryWhiteLiberal |
Feb-03-05 02:24 PM |
#24 |
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AWD, very succintly put. That is all of their strategies in a nutshell. |
catzies |
Feb-03-05 11:52 PM |
#85 |
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if these ideas are so great why not invest in them now??? |
gasperc |
Feb-03-05 02:26 PM |
#27 |
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Uh, euthanasia? n/t |
jswordy |
Feb-03-05 02:51 PM |
#36 |
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I fail to see how any of this |
olafvikingr |
Feb-03-05 02:37 PM |
#30 |
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it essentially removes (over time) Govt Soc Sec obligations over time |
cthrumatrix |
Feb-03-05 02:41 PM |
#32 |
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You bring up a point ill-explained so far... |
jswordy |
Feb-03-05 02:56 PM |
#38 |
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Thanks for posting... |
REACTIVATED IN CT |
Feb-03-05 02:57 PM |
#39 |
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Post is Right Slanted |
Beetwasher |
Feb-03-05 02:59 PM |
#41 |
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I would disagree about the Post. |
jswordy |
Feb-03-05 03:07 PM |
#43 |
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last night's TV polls showed support for this ridiculous plan |
REACTIVATED IN CT |
Feb-03-05 03:09 PM |
#45 |
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...and still our Democratic "leaders" twiddle their thumbs. n/t |
jswordy |
Feb-03-05 03:12 PM |
#47 |
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If a tree falls in the forest, and the media don't report it, then ... |
TahitiNut |
Feb-03-05 05:10 PM |
#67 |
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Sorry, But That's The PAPERS Fault and DOES Mean They Give |
Beetwasher |
Feb-03-05 03:16 PM |
#49 |
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It's our fault for not getting out there with our message early! |
jswordy |
Feb-03-05 03:45 PM |
#52 |
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What A Load Of Crap |
Beetwasher |
Feb-03-05 03:52 PM |
#55 |
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Yes, naive. |
jswordy |
Feb-03-05 04:11 PM |
#58 |
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LOL!! |
Beetwasher |
Feb-03-05 04:16 PM |
#59 |
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dammit. |
spacedog |
Feb-03-05 03:09 PM |
#46 |
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welcome to DU!!!!!!!!!!!!!! |
spooked911 |
Feb-03-05 06:16 PM |
#73 |
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interview |
spacedog |
Feb-04-05 08:18 AM |
#103 |
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SEVEN SOCIAL SECURITY MYTHS |
jswordy |
Feb-03-05 03:15 PM |
#48 |
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totally stupid article |
mulethree |
Feb-03-05 04:30 PM |
#60 |
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Why did I immediately think of the Dan Rather TANG letters when |
rzemanfl |
Feb-03-05 05:01 PM |
#63 |
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Does anyone really know the truth? |
Megahurtz |
Feb-03-05 05:02 PM |
#64 |
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STOP AND THINK - B** doesn't give a flying f... about the lowly |
Laura PackYourBags |
Feb-03-05 05:03 PM |
#65 |
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Kick, |
Megahurtz |
Feb-03-05 05:14 PM |
#68 |
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Yup, tried to tell this to my co-worker today |
TexasBushwhacker |
Feb-03-05 08:34 PM |
#81 |
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reid says no democrat will support SS privatization |
ast_liberal2008 |
Feb-03-05 05:18 PM |
#71 |
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They better f%$#ing not. In fact, why should the repubs? |
spooked911 |
Feb-03-05 06:19 PM |
#74 |
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? |
abandon_ship |
Feb-03-05 07:39 PM |
#76 |
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There was a great article in Dollars and Sense magazine |
CAcyclist |
Feb-03-05 06:15 PM |
#72 |
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kick |
cosmicdot |
Feb-03-05 07:56 PM |
#79 |
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For those here who are too young to remember..... |
llmart |
Feb-03-05 08:49 PM |
#82 |
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Deleted message |
Name removed |
Feb-03-05 09:42 PM |
#83 |
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first off, I'd like to welcome Villanova |
El Biggo Doggo |
Feb-03-05 11:20 PM |
#84 |
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well, it's been an hour |
El Biggo Doggo |
Feb-04-05 12:19 AM |
#89 |
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Deleted message |
Name removed |
Feb-04-05 06:26 AM |
#101 |
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We object, at least in part, because the private accounts |
Colorado Blue |
Feb-04-05 12:22 PM |
#111 |
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What A Load Of Crap |
Beetwasher |
Feb-04-05 01:09 PM |
#114 |
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That's what IRAs, 401(k)s, Keoghs, and SEPs are for, not FICA |
despairing optimist |
Feb-04-05 12:04 AM |
#86 |
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There's another point to the argument - |
Colorado Blue |
Feb-04-05 01:57 AM |
#91 |
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Hey, America in the past four years....... |
llmart |
Feb-04-05 05:31 AM |
#98 |
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I think you may've nailed it: "Are businesses so starved for investors |
glitch |
Feb-04-05 12:08 PM |
#109 |
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Thanks for adding to my comment |
despairing optimist |
Feb-04-05 05:52 PM |
#121 |
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The truth is out there and found at factcheck.org |
Whoa_Nelly |
Feb-04-05 01:45 AM |
#90 |
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Right on. Now what do we do about it? |
Colorado Blue |
Feb-04-05 02:00 AM |
#92 |
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What can be done? |
Whoa_Nelly |
Feb-04-05 02:17 AM |
#94 |
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I read a "Letter to the Editor" in the NY Times this am - |
Colorado Blue |
Feb-04-05 12:29 PM |
#112 |
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Excellent analysis from Fact Check now I think I understand. |
bklyncowgirl |
Feb-04-05 06:10 AM |
#100 |
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Apparently, the White House is responsible for the revision: |
JohnnyRingo |
Feb-04-05 04:09 AM |
#96 |
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And since the money for these will be borrowed at 3% |
markus |
Feb-04-05 05:57 AM |
#99 |
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If there's a way to cash out tax-free, I'm doing that when I'm |
DS1 |
Feb-04-05 08:22 AM |
#104 |
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Hey! Here's the article I'm interviewed in! |
spacedog |
Feb-04-05 08:41 AM |
#105 |
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very cool...some smart group of "youth"....congrats! |
realFedUp |
Feb-04-05 11:21 AM |
#108 |
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why thank you! (n/t) |
spacedog |
Feb-04-05 01:53 PM |
#116 |
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What's the difference? Either they deduct it from yr benefits, or yr acct |
Stephanie |
Feb-04-05 12:11 PM |
#110 |
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What happened... |
adam29 |
Feb-04-05 02:04 PM |
#117 |
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I don't totally disagree... |
spacedog |
Feb-04-05 02:36 PM |
#118 |
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reply and thoughts for modifications of Bush plan |
adam29 |
Feb-04-05 04:39 PM |
#119 |
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agree |
spacedog |
Feb-05-05 08:56 AM |
#123 |
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In the Post's example, |
seventythree |
Feb-06-05 12:41 AM |
#130 |
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AAR yesterday crunched numbers at $187,000 loss to participants. n/t |
lonestarnot |
Feb-05-05 09:24 AM |
#124 |
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oopsie, you mean we can't just publish what Bush tells us??!! |
nashville_brook |
Feb-05-05 12:05 PM |
#126 |
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I never seem to hear the obvious problem with this... |
m_welby |
Feb-05-05 06:44 PM |
#129 |
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annuity? |
spacedog |
Feb-06-05 09:56 AM |
#131 |
| -
survivor benefits |
adam29 |
Feb-06-05 10:21 AM |
#133 |
| -
Annuities |
adam29 |
Feb-06-05 10:03 AM |
#132 |
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