Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Boca_PETE who wrote (4646)	4/18/1998 8:26:00 PM
From: wooden ships	Read Replies (1) of 42834

Pete: I missed the call in question. However, pursuant to recent discussions on this thread with respect to Social Security, unfunded liabilities, Baby Boomer retirement and the like, it was good hear- ing Brinker address some of these issues today. To recall it, Brinker quoted a report claiming that, were collected Social Security funds being invested in the private sector instead of US Treasuries, the effective Social Security tax need be only 2.9% instead of the cur- rent 12.4%. Brinker also cited a poll affirming the widely held no- tion that a surfeit of Americans have no faith in the future solvency of Social Security. Indeed, Brinker echoed a sentiment expressed in these quarters not a day past when he declared, in ominous terms, "The supporters of the beneficiaries (of government social insurance schemes) may decide the system is not fair and could do something about it." Meanwhile, Generation X yet sleeps the sleep of a fog bound complacency.

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