Friday, April 29, 2005

Inerrant Boy Shares His Wealth Secrets! 

And does He have a deal for you:

What Bush is not telling you is that, under the Bush plan, if you divert $1000 from your Social Security to private accounts, that amount is clawed back--charged to an account associated with your normal Social Security benefit, that amount is then compounded at 3% per year plus the rate of inflation, and then after you retired deducted over time from your normal Social Security benefit.

If you are 45 and if Bush's plan were available today...

Follow George W. Bush's advice, divert $1,000 into your private account, invest it in [Treasury Bonds], and at the 1.85% per year interest rate you will indeed by able to collect an extra amount worth $10.11 a month in today's dollars when you retire at 65...

But the clawback would reduce your normal Social Security benefit by $14.16 a month. You're $4.05 a month behind.

"Building a nest egg." Feh!
(Brad DeLong via )

$4.05??!?! That's four cans of dog food at the Dollar Store—four meals! (With a nickel left over)

Bush really does want to fuck us, doesn't He?

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