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<blockquote data-quote="bacha29" data-source="post: 3864004" data-attributes="member: 58386"><p>Can you see Newfs contradiction? He wants his SS and Medicare but at the same time he's hollering for an end to the program. Ok Bush proposed just that in 2007 just ahead of the worst recession in decades and another one looks to be on the way. Great idea that was. Private retirement accounts would be nothing more to some people than a source from which to borrow or simply withdraw from. Management fees plus market volatility and worst of all the transition costs in order to end the program was conservatively estimated at 2 trillion dollars just for a start. The small returns on his FICA is understandable but T-Bills is the government's only investment vehicle. </p><p></p><p>Like any libertarian he wants his cake and eat it too.</p></blockquote><p></p>
[QUOTE="bacha29, post: 3864004, member: 58386"] Can you see Newfs contradiction? He wants his SS and Medicare but at the same time he's hollering for an end to the program. Ok Bush proposed just that in 2007 just ahead of the worst recession in decades and another one looks to be on the way. Great idea that was. Private retirement accounts would be nothing more to some people than a source from which to borrow or simply withdraw from. Management fees plus market volatility and worst of all the transition costs in order to end the program was conservatively estimated at 2 trillion dollars just for a start. The small returns on his FICA is understandable but T-Bills is the government's only investment vehicle. Like any libertarian he wants his cake and eat it too. [/QUOTE]
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