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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 78.16+0.2%Dec 26 9:30 AM EST
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To: RetiredNow who wrote (59529)5/16/2002 1:17:29 PM
From: Dennis Doubleday  Read Replies (1) of 77400
 
> You know Bush wanted to try to privatize part of our social security benefits, but of course, the Democrats went nuts.

And rightly so, because Bush's "plan" was totally half-baked in that it refused to acknowledge that putting current receipts into private accounts would leave massive unfunded liabilities to people who are counting a SS today.

Further, my opinion is that while a privatized system would likely work out better for a committed and knowledgable investor like you (as well as the majority of well-off people who support Bush), what do you propose to do about people who will never make enough money in their lifetimes to save for a decent retirement? Let them eat dirt?
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