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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 75.23

-0.5%

Jan 6 3:59 PM EST

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To: Joe S Pack who wrote (59522)	5/16/2002 7:02:13 AM
From: Zoltan!	of 77400

Another correction: The "Chief Crook" left office in 2001. As for Social Security, I remember Merrill Lynch published a report a couple years back that revealed that Social Security robs the middle class citizen of something like $500,000 from what they would have realized from a market rate of return. FDR and the Dems set up Social Security as a Ponzi scheme - your money does not go into an account with your name on it - it goes to pay current retirees. That worked fine when retirees were few and workers many. But the Dem Ponzi scheme will ultimately fail because of demographics. Under the scheme as set up, it makes no sense for the government to do anything other than to use it to offset the current deficit. To do otherwise would case a huge fiscal drag on the economy and offer no benefit for future retirees.

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