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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor-ex! who wrote (21888)	7/19/1998 10:37:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

X; How neat they pulled the story, I've noticed that sort of thing in the past when the subject is a little too hot. Happens I saved part of it: House lawmakers look to Wall Street to close gaps in financing before baby boomers start retiring. By ROBERT A. ROSENBLATT, Times Staff Writer WASHINGTON--House Democrats will embrace the idea of stock market investments by the Social Security system to assure its financial solvency and avoid more sweeping changes offered by Republicans, the architect of the Democratic plan said Thursday. Democrats believe that extra money generated from the investments can close most of Social Security's financing gap and enable them to avoid such politically distasteful choices as voting to increase the payroll tax or to raise the retirement age. The Democratic proposal, outlined in a speech by Rep. Earl Pomeroy of North Dakota, demonstrates the consensus that has developed around using stock market investments to assure the solvency of Social Security as the baby-boom generation retires in the early part of the next century. ---------------------------------- We no longer have Democrats except in name only, it's just "the party" the Capitalist Party. All the rest is smoke and mirrors. By now you should know that what they talk about and what they do are not one and the same. Face it the Capitalist have complete control now and they hated Social Security from it's inception. She is dead meat, it's just a matter of time, but as usual they will shift the blame. Learn to be a Banker or Broker or Lawyer or it's up against the wall you scum bag. Social Security was just a communist plot and if you don't know it the capitalist have the right to kill it anyway they can. They have stabbed at it since it's inception with all the determination of Captain Aheb, when it dies they will bury it with mournful faces hiding great glee. And tell us it committed suicide <G> Jim

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