The Social Security Distraction Game

Logically speaking then, any money put into a private account, such as under Bush's scheme, is actually a government loan. If your account does really well, (>3%) when you retire, the government will deduct the amount it lent you, plus 3% interest, from your monthly benefits check, leaving you with almost the same amount as under the current system. If your account does poorly, you're completely out of luck. According to the Congressional Budget Office (CBO), the expected average rate of return is 3.3%, so the net gain will be zero or slightly higher. On the other hand, the net gain to the rich and powerful will be huge. Wall Street expects to make about $1 trillion on the investment of Social Security funds. The result? Greater risk to the People, and a huge guaranteed payout to the corporate rulers of America. Full story at: http://www.populistamerica.com/the_social_security_distraction_game

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