"Only dull people are brilliant at breakfast"
-Oscar Wilde		 Brilliant at Breakfast title banner "The liberal soul shall be made fat, and he that watereth, shall be watered also himself."
-- Proverbs 11:25
"...you have a choice: be a fighting liberal or sit quietly. I know what I am, what are you?" -- Steve Gilliard, 1964 - 2007

"For straight up monster-stomping goodness, nothing makes smoke shoot out my ears like Brilliant@Breakfast" -- Tata

"...the best bleacher bum since Pete Axthelm" -- Randy K.

"I came here to chew bubblegum and kick ass. And I'm all out of bubblegum." -- "Rowdy" Roddy Piper (1954-2015), They Live
Thursday, February 17, 2005

Chuckie the Camera Hog Schumer Does Something Useful
Posted by Jill | 12:50 PM

It's a Social Security benefits calculator, that shows you how big your cut would be under Bush's plan.

The calculator assumes an investment return of 3% above the rate of inflation for your private (what they call "personal") account. So if inflation is 2%, the assumption is a return of 5%. This is the assumption used by the Congressional Budget Office for its Social Security analysis. The rate is then adjusted to reflect an annual administrative cost of 0.3%. The dollar amounts are shown in inflation-adjusted 2005 dollars.

The bottom line: Unless these so-called private accounts can generate an ANNUALIZED (not total) rate of return over their lifetime of more than, say, 5%, you will get screwed.

Don't forget the disclaimer that every investment ad has in it, as required by law: "Past performance is no guarantee of future results." It's there for a reason.
0 comments
Bookmark and Share