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babylonsister
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Thu Oct-16-08 03:56 PM Original message |
| Report: A 2008 retiree would have lost $26,000 under Bush-McCain style privatized Social Security.» |
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http://thinkprogress.org/2008/10/16/mccain-private-socialsec/
Report: A 2008 retiree would have lost $26,000 under Bush-McCain style privatized Social Security.» A new Wonk Room analysis finds that that a retiree with a private Social Security account invested in stocks — along the lines of the plan envisioned by President Bush and supported by John McCain in 2005 — would have lost approximately $26,000 if he or she had retired on Oct. 1, 2008, after 35 years of contributions to such an account:  More details here: http://wonkroom.thinkprogress.org/2008/10/16/social-security-privatization-analysis/ |
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