L.W.(=?iso-8859-1?Q?=DFill?=) Hughes III

Hi Will,
Same year I started washing dishes and needed a card too. Nowadays
newborns have a Social Security number.
I remember gauging myself against the max Social Security withheld
and always making more, until I thought it would be fun to drive a truck
for ten cents an hour. Nowadays it's ninety thousand at six percent
each. Tell me we can't do a better job investing, just a bank account or
for sure T Bills would double every eight, ten years.
God Bless America, Bill O|||||||O
mailto:-------------------- http://www.----------.com/

Will Honea wrote:
>
> Earle, I started paying into Social Security in 1956. Just for grins,
> I went back and plugged my SS payments into a program. I broke each
> year's total into equal monthly payments then applied the T-Bill
> intrest rate on a month-by-month basis. As Robert Heinlein observed
> in on of his books, "Compound interest is the greatest thing aound".
> Today, I would be drawing almost twice as much interest on that
> account as I do Social Security retirement. I don't feel I'm feeding
> at any public trough - in effect I'm still contributing half my SS
> retirement back to the system. Then they make me pay income taxt on
> what I do get...
>
> Side note: a friend of mine refered to Hurricane Katrina as "the most
> efficient urban renewal effort of the century". Being from NOLA, he
> has an interesting perspective on some of our social programs - to say
> the least.
> --
> Will Honea