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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 684.84

+0.6%

Dec 22 4:00 PM EST

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To: HiSpeed who wrote (1099)	12/9/1998 9:57:00 PM
From: Les H	Read Replies (1) of 99985

The best solution would be allow people to take credit against Social Security taxes for contributions to personal IRA's, 401K's, and the like. The old 401K before 1983 used to be pre-tax, including FICA, since it was considered a salary deferrment plan. A Ponzi scheme wouldn't be able to survive the withdrawals. Clinton is maneuvering to raise taxes. He had the opportunity to "save" Social Security and Medicare in 1993-1994 when he chose to ignore the recommendations of the then bipartisan commission on entitlement reform. He's looking for someone else to get in this boat to take the slings and arrows from the special interest groups, including NOW and AARP.

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