Quote:
Kathaksung
Social Security is a successful program. The expense is low. The administration fee is less than 1% of total investment. It is also a rare clean program. Pension are collected, paid to retired people. Interest group can't touch it with any excuse. In a clear water tank, The quantity of fish is clear, countable.
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Yeah, just like Enron was a HUGE success, until is wasn't. If private pension plans were run like Social Security the Sr. Management of that company would likely face indictment! Are you familiar with the term Ponzi Scheme?
American retirees are wealthier than at any time in history, and this is not because of their Social Security checks, it is because of their own savings and investments.