Calculate how much $$ you'll lose under Privatization.

[QueenAdrock]

Go ahead, it's fun. (http://democraticleader.house.gov/sscalc/index.html)

[SobaViolence]

i did it just for kicks.

10,000 is around my income. social security and Bush's new way equalled the same... :confused:

[QueenAdrock]

You're probably still a student, though. I work part-time and make around $8,000 a year, so I'm not going to lose anything *yet*. My friends are out of school, and have full-time 9-5's. My best friend stands to lose $6,000 a year, or -22% under Bush's new plan.

[King PSYZ]

You're probably still a student, though. I work part-time and make around $8,000 a year, so I'm not going to lose anything *yet*. My friends are out of school, and have full-time 9-5's. My best friend stands to lose $6,000 a year, or -22% under Bush's new plan.
about what mine figured to

[EN[i]GMA]

http://www.factcheck.org/article319.html

The calculator takes the lowball estimate of growth, around 3%, which is totally absurd.

Actual growth rates are 6.5-7% per annum.

Should anything like 3% growth happen, the current system would even be screwed, as that would signal a horrific economy.

[EN[i]GMA]

You're probably still a student, though. I work part-time and make around $8,000 a year, so I'm not going to lose anything *yet*. My friends are out of school, and have full-time 9-5's. My best friend stands to lose $6,000 a year, or -22% under Bush's new plan.

Actually, you'll make thousands more under Bush's plan.

But don't let that stop you from bashing it.

[yeahwho]

GMA']Actually, you'll make thousands more under Bush's plan.

But don't let that stop you from bashing it.

So you endorse the Bush (http://zfacts.com/p/784.html) plan? His plan was pretty much DOA with people who know about SS benefits, the actual recipients of SS. I think common sense dictates that any business idea GWB comes up with will be an utter failure. He is in Iraq, spending 100's of billions of dollars today on some of the most suspect information ever gathered by intelligence in the USofA. If you haven't noticed life as we know it in the USA is costing more but wages and benefits are stagnate.

His presidency isn't about the American Dream. It's proven to be about Global profiteering. Let him play with money I'm working for today? No Way.

[EN[i]GMA]

So you endorse the Bush (http://zfacts.com/p/784.html) plan?

I support private accounts, if that's what you mean.


His plan was pretty much DOA with people who know about SS benefits, the actual recipients of SS.

Not my fault he's a failure at communicating.

He's a failure at just about everything else.


I think common sense dictates that any business idea GWB comes up with will be an utter failure.

The CATO Institute actually did most of this work on their own.


He is in Iraq, spending 100's of billions of dollars today on some of the most suspect information ever gathered by intelligence in the USofA.

I know, it sucks.


If you haven't noticed life as we know it in the USA is costing more but wages and benefits are stagnate.

And what do you propose we do about it?

I have some ideas.


His presidency isn't about the American Dream. It's proven to be about Global profiteering. Let him play with money I'm working for today? No Way.

Actually, private accounts would PREVENT morons like him from playing with your money.

As it is now, it can be taken away at any time.

41 times payments have been reduced, delayed, deffered, or done away with.

It will happen again.

[QueenAdrock]

GMA']Actually, you'll make thousands more under Bush's plan.

But don't let that stop you from bashing it.

Really? I only make $8,000 a year, and I'll be making THOUSANDS more?

Wow, I don't know how you managed to figure the number of "thousands" but I applaud you. :rolleyes:

[EN[i]GMA]

Really? I only make $8,000 a year, and I'll be making THOUSANDS more?

Wow, I don't know how you managed to figure the number of "thousands" but I applaud you. :rolleyes:

http://socialsecurity.org/reformandyou/sscalc/sscalc.php

[QueenAdrock]

Invalid Entries:
Age must be between 22 and 55

Annual earnings must be at least 10,000. Earnings below $10,000 yield the minimum guaranteed annuity after retirement of $11,198 (in constant 2005 dollars).

[QueenAdrock]

All dollar amounts shown are in constant 2005 dollars. The amounts shown do not include debt service costs that may arise from financing the residual obligations of the current Social Security system.

[EN[i]GMA]

Invalid Entries:
Age must be between 22 and 55

Annual earnings must be at least 10,000. Earnings below $10,000 yield the minimum guaranteed annuity after retirement of $11,198 (in constant 2005 dollars).

Congratulations, you'll be making 11,198 dollars a year after you retire.

Compare that to what the SSA's own calculator gives you:

Date of birth: 6/15/1983
Current earnings: $8,000.00
Benefit in year-2005 dollars

and you come out ahead.

And I just made up the date, it's the lowest I was allowed to use.

[EN[i]GMA]

All dollar amounts shown are in constant 2005 dollars. The amounts shown do not include debt service costs that may arise from financing the residual obligations of the current Social Security system.

And the other calculators don't take into account the cost of preventing the system from collapsing.

We can't know either.