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To: P.O.E.

Yeah, right. The so-called "privatization" is the government deciding which "conservative" stocks and bonds we can invest in. On top of that, they will impose all sorts of new regulations so that we aren't affected by normal market forces. That, of course, is not good news for Wall Street. Oh, and we can only withdraw funds a little at a time. Some plan.

SOCIAL SECURITY: END IT, DON'T MEND IT

1,711 posted on 02/02/2005 6:34:01 PM PST by sheltonmac ("Duty is ours; consequences are God's." -Gen. Thomas "Stonewall" Jackson)
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To: sheltonmac
Social Security - End it, don't mend it

Tempting, but politically impossible. You'd have to de-acculturate millions from dependence on it. It would take some time to accomplish.

1,839 posted on 02/02/2005 6:37:30 PM PST by P.O.E. (FReeping - even better than flossing.)
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To: sheltonmac
The idea is to increase wealth and provide for a retirement. You don't have a nest egg if you spend it all. And you want to leave something to your children and grandchildren. We have a lamentably low rate of savings in this country. The President listed some safeguards to make sure YOUR money is there for you when you need it. There's still a big difference over what the Democrats want: namely you'll have a personal account you own and which the government can NEVER take away. Part of the move to an "ownership society."

Denny Crane: "There are two places to find the truth. God and then Fox News."

4,159 posted on 02/02/2005 8:28:58 PM PST by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives On In My Heart Forever)
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