The guy over at Coyote Blog ran some numbers on his social security statement (see it here), and the results are not good. It seems that he is getting a -.8% return on his payments into the ss program. Not only are we not getting any interest on the money being taken out of our paychecks for our “retirement”, we’re being charged for it. People yell and scream that we can’t privatize social security because people will make bad decisions and they will lose their money… If you put the money into just about ANY mutual fund, you will get SOMETHING back on the investment. Or to put it another way, we’re already losing money, you might as well let us decide what to do. Gah….
Isaac