Quote:
Originally Posted by Mean Mr. Mustard
Yes that is true, if you choose to ignore the basic fact that it was the world economic downturn that resulted in a loss of roughly 3 billion dollars from the fund.
|
We can add 3 billion and it's still less today in real dollars than it was a long time ago.
Quote:
Originally Posted by Mean Mr. Mustard
Personally I think setting arbitrary numbers for how much you are going to put into an investment account is pretty darn stupid and it is something that logistically would be tough to pull off given the Wildrose's promises.
|
Not that I think the WR's projections are doable but saving 1/2 of the surplus dollars doesn't sound unreasonable.
Quote:
Originally Posted by Mean Mr. Mustard
Also on March 31, 2002 the book value was 12.4 billion, which is actually less than the 15.4 billion dollars that it was on December 31, 2011. Just a little actual facts for you.
|
But did we actually save any new money? adjusted for inflation the fund has lost plenty. Just on investment income alone it should be way higher.