Quote:
Originally Posted by zephyrracer
Social Security used to be in a locked box Johnson put it the general fund and at the time there were many people paying in, now there is no Social Security box its just borrowed money and very few pay into it, if this money was in a locked box and payed interest on investment it would be a good deal, 401k good deal you get a return for putting your money at risk, pensions are a good deal if the money is set aside and invested for a good return, there are many pensions that are being paid out of the general fund and not out of a pension security so when say an seiu member gets a raise or retirement pay goes up even though the market and private sector can't afford it then the private sectors quality of life goes down.
Hope this helps you if you need more explanation I will be glad to do so Gregg
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I want to add something here , i have worked my ass off all my life never lived high on the hog always put money aside so to live comfortable when the time comes never had time for a beer still don't You want to see Bizarroland Look no farther than the White House and it's supporters.
Gregg