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That's when Pence unearthed the old Republican idea of privatizing Social Security wholly or partially. TAURUS (April 20-May 20): You have goals. The pounce will come much later.

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Even having paid the 2023 maximum of $19, 864 (including both employee and employer shares) for the previous 45 years and earning 2% a year, that worker would have about $1. You may occasionally receive promotional content from the Los Angeles Times. That worker will collect, on average, $933, 000 in lifetime benefits. You can still change tracks if you want to. Don't finagle to try to figure it out. This could create a political problem. Column: Mike Pence, would-be president, has a plan to kill Social Security. You'll have bright ideas and you'll follow through fearlessly, or push through your trepidation to create experiences that elevate you and delight others. It'll show you what you're made of crosswords. But if their ideas are so great, one must ask, why not impose them on everybody? The other is that benefits are inflation-protected and guaranteed for life. What happened yesterday is enough action to process for weeks to come. It's unclear from the video and transcript posted by American Bridge whether he thought much about what he was saying before his words came out of his mouth, but the gist of his presentation is suitably horrifying.

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It's amazing that Pence would air out the private-account idea now, after a year in which the stock market returned a negative 23% (inflation-adjusted, as measured by the Standard & Poor's 500 index). One is that the program provides not only retirement benefits, but insurance for a family against a worker's disability or untimely death. SAGITTARIUS (Nov. 22-Dec. Was made up of crossword clue. 21): It will be tempting to spend the bulk of your time on a problem, but that's not advised. "Whoever earns at least the minimum wage can become a millionaire in 45 years.

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57% (for the 1964-2008 period) to 8. The most deceptive aspect of the push for private accounts is that it ignores several key features of Social Security. — Former Vice President Mike Pence, airing out a never-fulfilled GOP promise. Over the last 100 years, after all, the stock market as measured by the Standard & Poor's 500 index has returned an average 9. Congressional Democrats should take away their leverage. Report inappropriate predictions. It's true that Pence advocated "simple" accounts yielding 2% a year that he said "would give the average American twice what they're going to get back on their Social Security today. " This claim was always dependent on ignoring the multitude of pitfalls along the way. It'll show you what you're made of crossword. The latter style is favored now. That's not twice his or her benefits, and in any case doesn't cover the risks of early demise or disability, the guaranteed benefits over a long life, or inflation coverage. But when it's great, like now, you get results all through and all at once to the point where the whole thing seems like one big reward. The inflation-adjusted CAGR of the S&P 500 over the last century is 7.

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"A very simple fund that could generate 2% would give the average American twice what they're going to get back on their Social Security today. The event wasn't open to the public, but a video and transcript was posted by American Bridge, which is affiliated with the Democratic Party. After that point, widows or widowers are entitled to at least 71. 43% a year after inflation. He whined about "this trajectory of massive debt that we're piling on the backs of [our] grandchildren" and attributed most of it to Social Security and Medicare (the "entitlements"). This begins a process of gathering information, seeing what there is to do and getting those wild wheels of the mind turning. Even a single year might make a huge difference. I wrote a book at that time explaining that the Bush plan was "endangering our financial future. " Happy birthday, Feb. 6: Welcome to your year of spontaneity! Seen from one perspective, that projection seems conservative. It's pure politics because they know that seniors would slaughter them at the polls otherwise. That's the benchmark we must use for private accounts. That's exactly what happened last year to many real-world retirees with savings tied up in stock.

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Of Wholesaler-Distributors in Washington. Typically, that would grow slowly in its first years and more rapidly as time goes on. When he smugly assures you that you can't lose, check your wallet. ARIES (March 21-April 19): Nothing is a chore to you today, especially the sort of work that might normally be classified as such. But make no mistake: Diverting any significant portion of Social Security taxes into private accounts would make the program unworkable, funnel untold wealth into the hands of Wall Street promoters and leave millions of families destitute. As Eugene Steuerle of the Urban Institute calculated in 2021, someone retiring in 2025 and paying the maximum tax every working year will have paid $831, 000 in Social Security taxes, including the portion paid by employers, over 45 years. Reggae pioneer and groove superstar Bob Marley came into the world on this day in 1945, and at age 36, the "Ambassador of Third World" left the planet a musical legacy of eternal good vibes. Over a lifetime of investing, that produces a vast divergence in retirement nest eggs. Never mind that the GOP has never proposed any deal better for ordinary Americans than the New Deal — the Rooseveltian program that brought us Social Security, the National Labor Relations Act, more effective regulation of the financial markets and work-relief programs that kept millions of families out of poverty during the Great Depression. Commentary on economics and more from a Pulitzer Prize winner. As for survivors and dependents, Social Security provides benefits for those whose breadwinner has died after qualifying for benefits, which happens after working for 10 years, or 40 quarters, in which he or she has earned at least $1, 650 in covered wages per quarter. AQUARIUS (Jan. 20-Feb. 18): With most of the work, you do it in a timely manner and get your results at the end. That's the Republican and conservative habit of employing plausible-sounding jargon and economists' gibberish to conceal their intention to hobble the program. CANCER (June 22-July 22): The problem, believe it or not, will work itself out.

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It's the purest enjoyment. Let the energy gather. With water sign energy conspicuously missing from his natal chart, perhaps he relied on the rich social intuition of the sun and Mercury in Aquarius, the sign of tomorrow. LEO (July 23-Aug. 22): Make things. A 20% one-year decline in the S&P 500 wouldn't be much of a problem for workers who had just launched their portfolios — at the end of that year they'd have $800, but 44 years to make up the loss. It's wonderful to be unserious in a pursuit. So here comes Mike Pence.

5% of the deceased worker's benefit, and every child up to the age of 18 (19 if in school) is entitled to 75% of the benefit. That's highly unlikely. Those who were sufficiently lucky, or wise, to retire in 2017 after investing, say, $1, 000 a year in their personal accounts for 45 years straight would have about $419, 785. Pence has long been a cheerleader for private accounts, which isn't the same as saying that he has given the topic the thought it deserves.

The promise is that they would exceed the wealth implicit in their Social Security retirement benefits by harnessing what conservative economist Milton Friedman called "the power of the market" (he meant the stock market) over the average 45-year working life of American workers. It was just such a dose of reality that helped kill the same proposal when it was put forth by President George W. Bush in 2001; Bush abandoned the idea in 2005, after the stock market return for 2001 to 2005 came to negative 2%, including two years of double-digit losses. More highlights: a raise, an unexpected declaration of love and commitment and the sort of parties people will talk about a decade from now. Ever since the New Deal's historic launch in 1933, Republicans have tried to turn the clock back to prehistoric times. Pence made his remarks on stage during a conference of the National Assn. He promised, as Social Security "reformers" always do, that he would hold seniors harmless: "To everyone that's got hair the same color hair as me, nothing's going to change for you, " but younger Americans would face a changed landscape, "better choices that would also be better for the country. Never mind that well more than $1 trillion of that debt was incurred when his party passed a massive tax cut for the rich in 2017. That's your compound annual growth rate, or CAGR, and it's the only calculation that incorporates the rise and fall of volatile investments such as stocks.

Those who retired in 2008 after investing the same $1, 000 annually for 45 years would have only $141, 575, or about one-third as much. And in craps, like any other gamble promoted as a sure thing, it's the house that wins. Now you have $2, 000.

Vs. Lake Hamilton, Noon. Morehead St. L 76-72. VS Pine Bluff north little rock TBA, AR. He missed a dunk, but did finish the possession with a bucket when a teammate grabbed the offensive rebound. Update from Omaha: The women remain undefeated with an 83-75 win over Creighton in a road top-25 matchup. Athletics - 2022-2023 Athletics Schedule. Arkansas stretched its run to 11-0, extending its lead to 10, before Bradley drew a foul to get to the free throw line.

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VS El Dorado Blytheville High School TBA, AR. Support for Military Families. Bradley big man Rienk Mast is the Braves' only player in double figures and he has 16. LR Southwest High School at. Outdoor Track & Field. Tipoff between the No.

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VS Southside (CANCELED) Little Rock Southwest High School TBA, AR. AT Har-Ber Rogers High School TBA, AR. Harding University, 915 E Market Ave, Searcy, AR 72149, USA. He's had a couple of aggressive base line drives early. Little Rock Classic. Schedules | Athletics. AT Springdale At the HIGH SCHOOL TBA, AR. Game 6 winner, 12:30 p. m. GAME 11 Game 7 loser vs. Game 8 loser, 2 p. Game 8 winner, 3:30 p. m. SEARCY BANK CLASSIC.

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VS Alma NORTHSIDE HIGH SCHOOL TBA, AR. Bentonville High School, 1801 SE J St, Bentonville, AR 72712, USA Map. AT Southwest Baptist #. Boys State Tournament. Lake Hamilton vs. Mountain Home, 4 p. Waynesville, Mo., 7 p. m. Lake Hamilton vs. Mountain Home, 5:30 p. Waynesville, Mo., 8:30 p. Basketball - North Little Rock Parks and Recreation. m. SATURDAY'S GAMES. Makhel Mitchell is the next guy off the bench. AT Richardson TBD TBA, TX. AT Bentonville West Highland HS TBA, AR. Copyright © 2023 eStem PCS. University of Missouri. Mount St. Mary Academy at. L 84-61. vs So Indiana.

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Another questionable foul – this time on Johnson – sends us to the final media timeout of the half. VS Collierville Cabot TBA, AR. Ozark, Mo., 5:30 p. m. GAME 3 Republic, Mo. Jonesboro High School, 301 Hurricane Dr, Jonesboro, AR 72401, USA Map. Washington, D. C. Florida. The game is also available via radio, with Chuck Barrett and Matt Zimmerman on the call. Home events in bold. Myron Gardner throws down big slam vs. Morehead State Eagles. GAME 1 Hot Springs vs. Horn Lake, Miss., 2:30 p. m. GAME 2 Episcopal Collegiate vs. Marion, 5:30 p. m. GAME 3 Russellville vs. Bentonville West, 7 p. m. GAME 4 Farmington vs. Watson Chapel, 8:30 p. m. GAME 5 Game 1 winner vs. Game 2 winner, 4 p. Game 2 loser, 5:30 p. m. GAME 7 Game 3 winner vs. Game 4 winner, 7 p. m. GAME 8 Game 3 loser vs. Game 4 loser, 8:30 p. m. GAME 9 Game 6 winner vs. Game 8 winner, 10 a. m. North little rock high school boys basketball. GAME 10 Game 6 loser vs. Game 8 loser, 11:30 a. AT West Memphis West Memphis High School TBA, AR. After a review, Walsh was assessed a flagrant foul – his fifth foul of the game.

Headlined by a triple threat of Ware, Smith, and Washington, NLR has plans to play a national schedule this coming season. Show submenu for Explore. AT University of Arkansas-Monticello #. It doesn't matter who he's guarding, no one for Bradley can do anything against Walsh. Arkansas Basketball in NLR. Mississippi State University. Hurricane Golf Course, 4300 Hurricane Dr, Bryant, AR 72022, USA.