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Politics : Sharks in the Septic Tank -- Ignore unavailable to you. Want to Upgrade?

To: hobo who wrote (930)	1/14/2001 2:56:05 PM
From: hobo	Respond to of 82486

for anyone living in or near the Washington DC area... "Privatizing Social Security, beyond the theory cato.org cato.org cato.org Social Security Reform Won the 2000 Presidential Election Cato Conference to Move Social Security Toward Privatization Exit polls reflected 57% support for private investment of Social Security taxes. George W. Bush is entering the presidency with a firm mandate to reform Social Security and has promised to make the issue a top priority for his administration. Join Cato for this February 6-7 conference examining the issues involved in how and why to privatize Social Security. __________________ January 13-14, 2001 Boomers Shouldn't Count On Mom and Dad Baby Boomers thinking they can ignore the looming Social Security crisis because of a hoped-for windfall from their parents are bound to be disappointed, says a new report from the Federal Reserve Bank of Cleveland. Authors Jagadeesh Gokhale and Laurence Kotlikoff outline three main reasons these windfalls may not be all that many boomers expect. First, while today's seniors are the wealthiest generation in history, that wealth must be divided up among the baby boomers, who are the largest generation in history. In 1960, there were just 1.8 people aged 35 to 45 per person aged 60 to 70; today, there are 2.3. More heirs means less inheritance per person. more... socialsecurity.org