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I think all we need to know about this Obama retirement plan is that the money goes into government bonds. This means the government will have your money to spend now and paid back later when you redeem your bonds. Kinda like SS, and they've all but bankrupted that. The present 2% return on bonds is quite paltry compared to other vehicles. So study carefully youngsters, this sounds like another plan to create a new government revenue stream.
I think all we need to know about this Obama retirement plan is that the money goes into government bonds. This means the government will have your money to spend now and paid back later when you redeem your bonds. Kinda like SS, and they've all but bankrupted that. The present 2% return on bonds is quite paltry compared to other vehicles. So study carefully youngsters, this sounds like another plan to create a new government revenue stream.
I think all we need to know about this Obama retirement plan is that the money goes into government bonds. This means the government will have your money to spend now and paid back later when you redeem your bonds. Kinda like SS, and they've all but bankrupted that. The present 2% return on bonds is quite paltry compared to other vehicles. So study carefully youngsters, this sounds like another plan to create a new government revenue stream.
Seems like my theory of JBJ being an alt of yours is not just a theory anymore.
http://forum.literotica.com/showthread.php?t=989162
I think all we need to know about this Obama retirement plan is that the money goes into government bonds. This means the government will have your money to spend now and paid back later when you redeem your bonds. Kinda like SS, and they've all but bankrupted that. The present 2% return on bonds is quite paltry compared to other vehicles. So study carefully youngsters, this sounds like another plan to create a new government revenue stream.
Treasury bonds are very valid investments that have nothing to do with general funds or Social Security funds. And no Treasury has ever gone unpaid nor will it. What are you going on about?
It sounds like it'll grow at best on par with average inflation. Thus far it doesn't look much like a winning plan to me.
Do they beat inflation?
That was not the issue under discussion, at least by me. As to your question, it remains to be seen. As I stated here last week, I exited the bond and stock markets on 1/21 after a long and fruitful run.
I exited the bond and stock markets on 1/21 after a long and fruitful run.
Precisely, the "secured" bondholders.
Look at the SS trust fund financial sheet, there is no cash under assets, it's all Treasuries and governmenr paper (IOUs), unfunded liabilities that history will show cannot be re-paid.
Exactly, in fact one congresswoman advance a bill to do just that.
Look at the SS trust fund financial sheet, there is no cash under assets, it's all Treasuries and governmenr paper (IOUs), unfunded liabilities that history will show cannot be re-paid.
I'll be dead by then, so you can worry about it. All I know is I have every penny that I had invested in bonds and then some.
So you did not own any GM...
:shrug:
That is why we are in such a poor position. People in Washington act in the name of now and the next election, everything else is fuck you, I'll be dead.
That is what the Millennials are finally beginning to wake up to.
I have a child, so I think about what she will inherit.
We did not rescue her from China to become China.