On Mon, Apr 05, 2004 at 06:08:50AM -0400, Kevin Tarr wrote: > But future retirees will not have that benefit, and the money going in > now, or at least since the seventies, should be invested.
It is already invested. The government borrows from those accounts and uses the money, for example, to fund the current asset bubble by running a big budget deficit. > The best number I heard was the money going into SSA barely returned > 1.5%. An AAA bond would return more. But we don't need to lower interest rates further and encourage corporate balance sheets to become even more leveraged by flooding the market with billions of dollars for corporations to borrow. Unless you meant government bonds, in which case you wouldn't see much difference, you'd just be replacing one way of the government borrowing the money (I.O.U. from the SS accounts) with another (bonds). -- Erik Reuter http://www.erikreuter.net/ _______________________________________________ http://www.mccmedia.com/mailman/listinfo/brin-l
