http://story.news.yahoo.com/news?tmpl=story&u=/ap/20050209/ap_on_he_me/medicare_costs
Whatever 'THEY" say the cost of anything IS, triple it! The cost SAID to be associated with SS private accounts, cannot be believed NOR can we afford it with our mounting budget deficits.
"THEY" see it as a freakin' boondoggle of fees as wall street salavates over it.
I ask, why in the hell do we need ANOTHER retirement account, on top of IRA 401K etc, that WE already have?
The answer is we DON'T, and we could allow people under 50 to put more away tax deferredto maybe cover what 'THEY" won't tell you will have to be recinded because it can't be afforded, or you can collect SS after you're already dead.
.3% of difference between 10 and 30 YR BONDS! The SMART money has been PILING into them to LOCK up yields....as the lemmings don't even know how to ask WHY!?
Where is that SEVERE decline in markets recognizing all the bamboozlement that has taken place I am looking for?
Duratek
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