How much will you lose in Bush's SS plan

[Auburn85 432]

http://boxer.senate.gov/socsec/index.html

Remember this is how much you WILL lose, not how much you MAY lose.

I just wonder how much I WILL lose in the current SS system

[TitanTiger 20,499]

According to Factcheck.org, a group we've all basically agreed is non-partisan, this "calculator" is rigged:

A Rigged "Calculator"

Democrats harness false assumptions to generate projections that individual Social Security accounts would be losers.

April 12, 2005

Summary

Democrats have been using a web-based "calculator" to generate individualized answers to the question, "How much will you lose under Bush privatization plan?" For young, low-wage workers it projects cuts of up to 50% in benefits. And a $1-million TV advertising campaign is amplifying the claim, saying, "Look below the surface (of Bush's plan) and you'll find benefit checks cut almost in half."

In fact, the calculator is rigged. We find it is based on a number of false assumptions and deceptive comparisons. For one thing, it assumes that stocks will yield average returns of only 3 percent per year above inflation. The historical average is close to 7 percent.

The calculator's authors claim that they use the same assumption used by the Congressional Budget Office. Actually, CBO projects a 6.8 percent gain...

http://www.factcheck.org/article319m.html

Now, there are arguments to be made for either side of this. But neither lowball nor overly rosy estimates do anyone any good in this discussion.

[Tiger Al 0]

I did it but, in fairness, it seems to me that the "calculator" has to make too many assumptions about too many variables to be very accurate.

[BamaGrad03 0]

TitanTiger - 1

Stupid biased democrat caluator - 0