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2old4bs: "The problem is, Bush's privatization plan number assumptions just don't do what he claims (similar to his medicare prescription drug benefit). He claims that a 3% return over the rate of inflation in private accounts will match his proposed decrease in benefits. Those numbers are just plain wrong. I have only run the numbers for my own situation (54 years old), . . . .

proposed 9% decrease
. . .

It wouldn't surprise me if the same calculations done for younger folks would show the same glaring realities. (I believe the SS benefit reduction for folks in their 20s is somewhere around 50%)

In short, Bush's proposal just doesn't hold water. He's lying when he says that private accounts make up for the shortfall in benefits!"

From what source are you obtaining the reduction numbers you are using. As far as I have been able to tell, GWB does not want to put any details of his "proposal" on the table. I have concerned about the formula for reductions (and/or calculation of SS benefits for those who open private accounts), and have not been able to find any relevant information.

Curiously, JAFO

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