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Quotes - Dubya the Economist (2005)
(Dubya's grasp of economics on full display)
 
2008 and after : 2007 : 2006 : 2005 : 2004 : 2003 : 2002 : 2001 and earlier
Now, if you're a worker who earns 35 dollars a year over your lifetime, and this system were in effect where you could put 4 percent of your payroll taxes in a personal account, and you started at age 20, by the time you retired, your personal account would grow to 250,000 dollars. That's compounding rate of interest.
That's some seriously compounding interest! Raleigh, North Carolina, Feb. 10, 2005

2008 and after : 2007 : 2006 : 2005 : 2004 : 2003 : 2002 : 2001 and earlier

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