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Gold/Mining/Energy : At a bottom now for gold?
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To: Bobby Yellin who wrote (1010)12/20/1997 3:45:00 PM
From: Bo Bob Brain  Read Replies (1) of 1911
 
Corporate pension plans
vary from company to company. Some are indexed to include
cost of living increases as per phony gov't statistics.
Other pensions remain constant, and benefits can even be reduced.
Remember reading about how a widow's benefits were slashed some
50% because the company declared bankruptcy. Believe it was
one of the airlines. Nothing can be considered to be "guaranteed".
Try telling the little old man or woman that their expenses will
rise 2-3%, and that is what their social security increase will
be next month.
The bottom line is that we must prepare for the future and should
assume that social security will not be around for us. But with so
many more baby boomers expecting to retire in the next 10 years or so,
the political clout of the old geezers will be greater than ever.
How will the cowardly politicians expect to reduce benefits to such
a huge, vocal group that votes in large numbers? They won't.
One other issue that very few people realize is that social security
benefits are not guaranteed, never were. The original document
stated that benefits are to be determined by congress and can be
reduced or eliminated at any time. I feel extremely confident and
have all the confidence in the world in Americans such as yourself.
Unfortunately, I have no confidence (maybe a few exceptions) in our idiot politicians. They spend mosty of their time raising funds, increasing their own perks, and increasing their POWER!! Why else spend millions of $ for a job that pays some $150,000 or whatever the amount. The average citizen will wake up some day, probably after some crisis. Then the pols will try to convince us that they were never elected in the first place.
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