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Report: A 2008 retiree would have lost $26,000 under Bush-McCain style privatized Social Security.

By Ryan Powers  

"Report: A 2008 retiree would have lost $26,000 under Bush-McCain style privatized Social Security."

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A new Wonk Room analysis finds that that a retiree with a private Social Security account invested in stocks — along the lines of the plan envisioned by President Bush and supported by John McCain in 2005 — would have lost approximately $26,000 if he or she had retired on Oct. 1, 2008, after 35 years of contributions to such an account:

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More details here.

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