FinanceDude
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Aug 3, 2006
- Messages
- 12,483
Maybe the United States needs to LBYM............
lswswein said:This might not be relevant for this thread but I found this intersting calculation for the IRR(internal rate of return) that the govt is getting on the dollars that it is investing as SS
http://www.coyoteblog.com/coyote_blog/2007/01/social_security.html
In fact, the implied rate of return on my money in the Social Security system is -0.8% a year. In other words, not only is the government not paying me any interest, they are charging me to hold my money.
Legislation enacted in 1983 may limit the COLA if the combined assets of the Social Security trust funds are below 20 percent of annual expenditures.