Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Gayle Riggs who wrote (59562)	5/20/2002 1:21:19 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 77397

OT re SS: Agree. The "assets" held by Social Security, are just a lien on the income of future taxpayers. Since those taxpayers aren't born yet, they can't vote. But current retirees do vote, so they get listened to. Unfortunately, it can't be fixed now, without a lot of pain. Fixing it would require a level of honesty, and willingness to endure short-term pain for longterm benefits, that our political system is incapable of. So, the most likely scenario is, they keep on making promises, and engaging in ever-less-plausible Creative Accounting, until the system crashes. Just like Enron and Argentina. First, though, every temporizing expedient has to be tried, and fail. Any guesses on how long they can temporize?