The rate of return on Social Security for people nearing retirement is about 1.5 percent. By the time young children like mine are ready to retire, that rate of return will be a negative percentage.
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But with a rate of return of 1.6 percent or less, or a negative rate of return, our children and our grandchildren, if we do not make changes, will in fact not have a secure retirement. Indeed, they will not have the funds when they go to retire to even minimally get by.
quote by John Shadegg
Submitted by Lucian Velea
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Why shouldn't future generations and young Americans have the choice to earn a higher rate of return? Why shouldn't they be able to own their own Social Security so that Congress can't spend it on other things?
quote by Ken Mehlman
Submitted by Lucian Velea
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For my children, it makes sense to talk about modernizing Social Security, letting them create stronger personal accounts, letting them get a higher rate of return over the long run.
quote by John Sununu
Submitted by Lucian Velea
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The only thing I'm addicted to is winning. This bootleg cult, arrogantly referred to as Alcoholics Anonymous, reports a 5 percent success rate. My success rate is 100 percent.
quote by Charlie Sheen
Submitted by Lucian Velea
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Death’s Too Near
Death, you’re standing rather near!
Don’t you understand the fear
You trigger deep within my soul–?
The terror sprung by such a ghoul
Of dark and hideous hue!
Now you’re rattling on my door!
I’m sure I threw you out before –
Methinks you really need to learn!
So leg it please and ne’er return
To haunt me ‘gain, now shoo!
Gain a sense of social pride, and
Keep your bearing far and wide –
Perform the deed when I am done –
Be free and loose to have your fun
When I’m too frail to turn and run,
But now I’ve living to do!
Copyright © Mark R Slaughter 2010
Death, death, nearing death, death, death nearing death
Death, death, nearing death, death, death nearing death
Death, death, nearing death, death, death nearing death
Death, death, nearing death, death
Death, death, nearing death
Death, death, death
Death, death
Death
Death, death
Death
poem by Mark R Slaughter
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People aren't stupid. I mean, people remember in 1990, the unemployment rate was 10 percent. Now it's 4 _ percent. We've got 1/4 million jobs that we've created.
We believe you will not have to pay more than the current rate structure proposes - which is, for 50 percent of the public, nothing; for another 25 percent, only a 10 percent increase; and for the remaining 25 percent, a 34 percent increase.
quote by Gray Davis
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There's been a lot said about Social Security reform. What has been left out of the debate is the double tax on Social Security benefits. I believe it's time to get rid of a tax that punishes seniors and discourages work and retirement savings.
quote by Rob Simmons
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Let me be clear, the discussions about Social Security are not about the retirement security of those Americans who are 55 or older - the Social Security system for those folks 55 and over will not change in any way shape of form - no ifs, ands, or buts.
quote by Norm Coleman
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The only people who steal are thieves, and that's a very small percentage of civilization. Most people want to have some way to make the economic transaction valid. They want to return the favor, if you will... return the benefit and reciprocate.
quote by Michael Nesmith
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However, the Administration's plan to privatize Social Security will undermine retirement security for all Americans by cutting guaranteed benefits by more than 40 percent, and risky private accounts won't make up for the loss of benefits for millions of Americans.
quote by Ruben Hinojosa
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If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.
quote by William Vickrey
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People forget... that we structured it so that the government, or the people, would be repaid with a really good rate of return. And as it turns out, that aspect of TARP, that's what happened.
quote by George W. Bush
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Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
Specifically, I am concerned about the long-term condition of Social Security. I am committed to ensuring that current beneficiaries and those nearing retirement face no reduction in benefits, while preserving this vital program for future generations.
quote by Cliff Stearns
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The 1993 Social Security tax penalizes seniors who have planned for their retirement through savings, investment and hard work. That's wrong, and that's why the double tax on Social Security must end.
quote by Rob Simmons
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On the other end of the spectrum, these women who do live long enough to collect Social Security face the challenge of being disproportionately dependent on the Social Security system for retirement income.
quote by Ginny B. Waite
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President Roosevelt, the author of Social Security, was the first to suggest that, in order to provide for the country's retirement needs, Social Security would need to be supplemented by personal savings accounts.
quote by John Doolittle
Submitted by Lucian Velea
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First rate mathematicians choose first rate people, but second rate mathematicians choose third rate people.
quote by Andre Weil
Submitted by Lucian Velea
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Interest Rate
Interest rate should be fixed
In such a manner and style
So that both the commercial banks
And their clients are benefited
But unfortunately many people
Incur loss as a result of
High interest rate
The central bank should encourage
The commercial banks
To go for investment
In the lucrative sectors
In order to create more fund
And to enable them to give more loans
And lower interest rate
For the entrepreneurs
If the commercial banks
Lower interest rate
For the depositors
The latter will not be discouraged much
Since people deposit money mainly
To keep it in a safe place
If the commercial banks
Lower interest rate
For the entrepreneurs
Many more people will take loan
As a result
Both the parties will be benefited
According to Islam
If there is more good elements
Than bad effects
Exist in a thing
It becomes halal
Therefore if most of the people are benefited
By taking loans it becomes okay
poem by Asif Andalib
Submitted by Poetry Lover
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