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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 73.99

+3.1%

Nov 12 3:59 PM EST

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To: RetiredNow who wrote (59507)	5/15/2002 5:07:28 PM
From: BWAC	Read Replies (2) of 77398

End Social Security and the result years down the road will be an overwhelmed remaining Welfare program. I wish everyone could and would save for retirement. Fact is a very LARGE part of the population won't, can't, or will but it just won't be enough. Go spend one day at an old folks home. Look around. See if your first grade teacher is living there destitute and penniless. See all the people who once held important similar jobs in the community. Were they all just too stupid to save? Are they to blame because one month of nursing home care equals 2 years of their mean working year salary? Look I hate paying social security now. But the alternative is worse. Who would care for these people in today's dollars? Provided for by tax on today's salaries. Who will pay for our care in tomorrow's dollars? Assuming we will end up just like the last generation. Savings and income and social security far trailing cost of care. SS is broke. It could use some fixing. But consider the alternatives could be worse. One of the biggest scams, for example, is people who imigrate here, pay in for 5 years, and then draw for the next 20. End that.

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