Juniorbush's failure was the only good news

[Xavier_Onassis]

For those retiring this year, the one good thing is that Juniorbush did not manage to get people's Social Security money invested in the stock market.

Because of his and the GOP's towering ineptitude at mismanaging the economy, I doubt we'll be hearing any more about that clever plan for several decades.

[R.R.]

I hope President McCain can implement personal accounts for Social Security. It would allow for a better return than the measly 1% that Social Security brings now.

You misrepresent the idea by implying that people can directly buy individual stocks in the account. They would not be able to. It's limited to T-Bills, corporate bonds and index funds.

[Amianthus]

I hope President McCain can implement personal accounts for Social Security. It would allow for a better return than the measly 1% that Social Security brings now.

Actually, it's typically around 4%, not 1%.

Still, that's a terrible ROI.

[Xavier_Onassis]

Actually, it's typically around 4%, not 1%.

Still, that's a terrible ROI.

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If one had a guaranteed 4% return on investment and advertised it NOW, one would have millions of takers.

The actual ROI depends on how long one lives, and therefore varies from one individual to the next.

Most funds are into negative territory at the moment, meaning that the underperform putting it in the mattress.

[Amianthus]

If one had a guaranteed 4% return on investment and advertised it NOW, one would have millions of takers.

Yeah, but it's only guaranteed until the feds start defaulting on those bonds.

[Amianthus]

If one had a guaranteed 4% return on investment and advertised it NOW, one would have millions of takers.

Incidentally, those bonds (that are created specifically for the SSA) are actually tied to something, I just can't remember what it is right now. So, they're not "guaranteed" anyway.